Praseodymium (Pr) is a soft, malleable, and pliable precious chemical/earth element from the lanthanide series. This metal is extremely rare and is found in the planet’s crust in a 3.5 to 5.5 ppm concentration. In mineral ores of bastnasite and monazite, it is made via the ion exchange process via monazite sand.
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It slowly reacts with oxygen, and with water, it reacts rapidly. It looks like a silvery-white element with a tinge of yellow. Its respective melting and boiling points are 1204 K and 3793 K.
Key Details About the Praseodymium 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 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 Price Trend, including India Praseodymium price, USA Praseodymium 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 Price Trend:
Praseodymium has wide usage in making various alloys, like being combined with magnesium for the formation of a high-strength alloy which finds application in the manufacture of aircraft engines. Using 5% praseodymium, the Mischmetal alloy made is used for making cigarette lighter flints.
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Furthermore, it helps make alloys that are used in making permanent magnets which are installed in electric generators, wind turbines, and hybrid cars, etc. In the lighting sector, it finds applications for studio lighting and projection, which use carbon arc electrodes made using the element. Also, it has application as a catalyst in glass polishing and for making energy-saving lamps, colour televisions, fluorescent lamps, and yellow glasses for welders etc., which in turn boost the industry development.
Key Players:
- Umicore N.V.
- American Elements
- ESPI Metals
- Stanford Advanced Materials
News & Recent Development
- 14 June 2022- There was a slight increase in cost of domestic metal neodymium, neodymium oxide, praseodymium neodymium alloy, praseodymium oxide, and praseodymium neodymium oxide.
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