Praseodymium (Pr) is a chemical element, which belongs to the lanthanide series of the periodic table. The atomic number of Praseodymium is 59 and its atomic mass is 140.90765 u. It appears to be silvery-white in colour and is a rare-earth metal. It is very soft, malleable, and ductile in nature.
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It is produced through the process of ion exchange via monazite sand. It rapidly reacts with the water,however has a moderate to low reactivity with oxygen.. The electronic configuration of praseodymium is [Xe] 4f36s2 and its melting point is 930.8 °C.
The top praseodymium exporting countries are the United Kingdom, the United States, Singapore, and Germany.
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, chart, 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:
Many alloys contain praseodymium. It produces a high-strength alloy that is utilised in aircraft engines when combined with magnesium. Flints for cigarette lighters are created using a mix-metal alloy (with around 5% praseodymium). Moreover, it is utilised in alloys for the permanent magnets found in motors and wind turbines.
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It can be utilised in carbon arc electrodes for studio lighting and projection when combined with lanthanide elements.
It serves as a catalyst in the polishing of glass. It is used in household products like glasses, fluorescent lighting, and energy-efficient lighting.
Key Market Players:
- Umicore N.V
- American Elements
- ESPI Metals
- Stanford Advanced Materials
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