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Neodymium is a chemical element with the symbol Nd and the atomic number 60. It is a rare earth metal from the periodic table's lanthanide series. It is a silvery-white metal that is slightly soft and flexible.
It is one of the most plentiful rare earth elements, and it may be found in minerals such as monazite and bastnäsite.
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Nd-142 is the most prevalent isotope of neodymium. It has a relatively long half-life of roughly 1015 years, indicating that it is stable over long periods of time. However, other neodymium isotopes are used in radiometric dating techniques to determine the ages of rocks and minerals.
China, Vietnam, Brazil, Russia, and India are the leading neodymium-producing countries across the globe.
Key Details About the Neodymium Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Neodymium price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Neodymium Price chart, including India Neodymium price, USA Neodymium price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Neodymium Price Trend:
Neodymium is used to make strong permanent magnets with a high magnetic moment. These magnets are found in a variety of applications, including electric motors, generators, and magnetic resonance imaging (MRI) devices.
It is used as a colouring agent in the manufacture of glass. When exposed to light, it causes glass to turn purple, making it helpful in the manufacturing of ornamental glassware and jewellery.
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It is employed as a catalyst in some industrial processes such as synthetic rubber manufacture and crude oil refining.
Scientific research, telecommunications, and manufacturing all use Neodymium-doped lasers. These lasers are extremely efficient, producing a strong beam of light in the near-infrared area of the electromagnetic spectrum
Key Players:
- American Elements
- Dura Magnetics, Inc.
- ABSCO Limited
- Umicore N.V.
- Reade International Corp
- HEFA Rare Earth Canada Co. Ltd.
Recent News
- February 10, 2023: Arlanxeo, a Dutch startup, recently announced an investment in its triunfo factory. This industrial strategy will enable the corporation to manufacture sophisticated Neodymium Butadiene Rubber and Lithium Butadiene Rubber for use in tire and non-tire applications.
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We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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Reference link - https://chemianalyst.com/neodymium-prices/
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