Home Business Procurement Resource Evaluates The Price Trends Of Praseodymium In Its Latest Insights And Dashboard

Procurement Resource Evaluates The Price Trends Of Praseodymium In Its Latest Insights And Dashboard

by oraclecroft

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:

Price Trend Image

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

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

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.

Contact Us:

Company Name: Procurement Resource
Contact Person: Amanda Williams
Email: sales@procurementresource.com
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