Neodymium Oxide Prices Today, Price Chart and Forecast Analysis Provided by Procurement Resource
Neodymium Oxide (Nd2O3) is a rare inorganic chemical compound that comprises neodymium and oxygen atoms arranged in a hexagonal form. It is a blue-grey colored chemical powder that is hygroscopic in nature and is soluble in water. However, the compound is insoluble in acids.
Neodymium Oxide can absorb carbon dioxide from the atmosphere and exhibits a slightly red fluorescent color. It gives different colors in different circumstances depending upon the mixtures, temperatures, and lights flashed on it. For example, it may exhibit colors like aqua in glaze bases or lavender that appear to be of different colors under different light sources. It has various applications associated with the glass and ceramics industry.
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The key importing countries that import Neodymium Oxides are India, Vietnam, and the United States. On the other hand, the United Kingdom, India, and the United States are the primary exporting countries for the same.
Key Details About the Neodymium Oxide 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 Oxide 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 Oxide Price chart, including India Neodymium Oxide price, USA Neodymium Oxide 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 Oxide Price Trend:
The Neodymium Oxide Price Trend indicates fluctuations in the cost of this rare chemical, which finds extensive use across various industries. Primarily employed in the glass and ceramics sector, Neodymium Oxide serves to color and coat a range of glassware, including sunglasses, welding glasses, and lasers. Additionally, it enhances ceramic materials as pigments and is integrated into UV-absorbing glasses.
In electronic manufacturing, Neodymium Oxide plays a crucial role, being utilized in products such as microphones, loudspeakers, in-ear headphones, and computer hard disks. Furthermore, it acts as a catalyst in polymerization reactions, contributing to diverse industrial processes.
Furthermore, Neodymium Oxide is a key ingredient in the production of optical fibers, which find applications in defense, medical, communication, broadcasting, and mechanical industries. Observing the Neodymium Oxide Price Index, businesses monitor the cost trends to optimize procurement strategies and budgetary planning. Understanding the Neodymium Oxide Prices through charts and graphs aids stakeholders in making informed decisions regarding production, investment, and market dynamics.
Key Players:
- Hubei Jusheng
- China Minmetals Rare Earth
- Qiandong Group
- Neostar United
News & Recent Development
- Date: January 13,2023- LKAB, a Swedish iron ore mining company, had announced the discovery of the largest deposit of rare earth elements containing praseodymium or Neodymium Oxides, used in producing specific magnets for electric vehicles.
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