Praseodymium Prices Today, Price Chart and Forecast Analysis Provided by Procurement Resource

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 chart, 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:

The Praseodymium Price Trend reflects its versatile applications across various industries. Praseodymium finds wide usage in alloy production, such as its combination with magnesium to form high-strength alloys utilized in aircraft engine manufacturing. The Mischmetal alloy, containing 5% praseodymium, is crucial for producing cigarette lighter flints. Moreover, praseodymium contributes to the production of alloys essential for permanent magnets, which are integral components in electric generators, wind turbines, and hybrid cars. In the lighting sector, praseodymium is utilized in studio lighting and projection through carbon arc electrodes crafted from the element. Additionally, it serves as a catalyst in glass polishing and contributes to the manufacturing of energy-saving lamps, color televisions, fluorescent lamps, and welders’ yellow glasses, thereby fostering industry development. The Praseodymium Price Index, Praseodymium Prices, Price Trend, Praseodymium Price Chart, and Praseodymium Price Graph reflect the dynamic market demand for this versatile element.

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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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.

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