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Praseodymium Neodymium Alloy is a silvery-greyish solid metal comprising praseodymium and neodymium molecules in different proportions and are combined to form the alloy variety, forming a double hexagonal close-packed structure. Both are rare earth elements obtained from minerals found on the earth’s crust. It is a solid lanthanide alloy that reacts with oxygen and forms oxides that are basic in nature. The alloy is a malleable and ductile material with good electric conductivity, magnetic and optical properties. It is a common raw material mainly used to manufacture permanent magnets on a large scale.
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Vietnam, Malaysia, and China are the key exporting countries that export praseodymium and neodymium alloys. On the other hand, the key importing countries for the same are Vietnam, Hong Kong, and Japan.
Key Details About the Praseodymium Neodymium Alloy 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 Praseodymium Neodymium Alloy 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 Praseodymium Neodymium Alloy Price Trend, including India Praseodymium Neodymium Alloy price, USA Praseodymium Neodymium Alloy 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 Praseodymium Neodymium Alloy Price Trend:
Praseodymium-neodymium alloy is a rare earth element alloy with very limited yet specific utilizations in the commercial market. The alloy material is primarily used for producing permanent magnetic materials. One of the most common examples of such a permanent magnet is a Neodymium magnet (NdFeB), which is a very strong magnet and is widely used in electronic products, such as battery-powered tools, earphones, mobile phones, hard drives, etc. These magnets are high-powered and durable magnets that are used for heavy performances.
Read Also - https://procurementresource.blogspot.com/2023/07/praseodymium-oxide-prices.html
Additionally, the alloy is used as an additive in manufacturing ferrous alloys which are commercially utilized in manufacturing parts of machinery, brake drums, vices gears, shafts, crushers, nuts, bolts, plates, car cylinders, wheels, cutlery, etc.
Key Players:
- China Northern Rare Earth
- China Nonferrous Metal Mining Group
- Ganzhou Qiandong Rare Earth Group Co., Ltd
- Sichuan JCC Rare Earth Metals
- Innuovo Magnetics
- Shanghai Heli Rare Earth Materials Co Ltd
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