Neodymium Price Chart, Historical and Forecast Analysis Provided by Procurement Resource

Neodymium is a rare inorganic element that is highly reactive and hence, is not found in a free state. The metal naturally reacts with atmospheric oxygen and easily gets oxidized. It is, thus, necessary to keep the metal element under mineral oils or any other protective atmosphere.

Neodymium is commercially produced from minerals such as monazite and bastnaesites in a solvent extraction process by ion exchange method. It can also be obtained by reducing anhydrous Neodymium chloride, fluoride, and calcium. The melting and boiling points of Neodymium measure around 1021° C and 3074° C, respectively. It is primarily used to manufacture permanent magnets and colored glass materials commercially.

Request for Real-Time Neodymium Prices:

The key importing countries that import Neodymium are India, Vietnam, and the United States. On the other hand, the key exporting countries are China, the United States, and Vietnam.

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 Trend, including India Neodymium price, USA 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:

Price Trend Image 7Neodymium is a rare element of earth that is highly reactive in nature. The metal has various applications in the commercial market, which primarily includes manufacturing permanent magnets and coloring glass materials. The element is mainly associated with the automobile, electronic, and ceramics industries.

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Additionally, it is used in manufacturing other metals such as boron and iron. The Neodymium magnets are highly used for communication, such as satellite communications, radar technology, electronic tracking, remote control telemetry, and countermeasures. In producing solid-state lasers, Neodymium is used by the laser manufacturing industry. The medical and pharmaceutical sectors also used metal for manufacturing MRI machines.

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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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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