Neodymium is a component of didymium, that is often used for colouring glass to make welders and glass blower goggles.
It is a soft and silvery metal in appearance. It easily oxidises in the air. It is a chemical element belonging to the lanthanide series.
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The atomic number of neodymium is 60 and is abbreviated by Nd. It is ductile, and malleable in nature.
The electronic configuration of neodymium is [Xe] 4f⁴6s² and its atomic mass is 144.242 u. The melting point of neodymium is 1,021 °C.
The neodymium-producing countries are China, Vietnam, Brazil, India, Australia, the United States, and Greenland.
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, 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:
It is a rare chemical employed in various household equipment like fluorescent lamps, colour televisions, and energy-saving lamps and glasses.
Boron (NIB) alloys and Neodymium iron are used to produce permanent magnets, which are utilised in the components of modern vehicles, computer data storing and loudspeakers.
Other than that, it is employed in colouring glasses, which protect the eyes of welders and helps in absorbing the yellow sodium glare of flame. It is used to manufacture crystals like yttrium aluminium garnet in the laser industry.
It also finds its application to cut and weld steel and it is also used to treat skin cancers.
Key Players:
- American Elements
- Dura Magnetics, Inc.
- ABSCO Limited
- Umicore N.V.
- Reade International Corp
- HEFA Rare Earth Canada Co. Ltd.
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