Neodymium, which is blue-violet as an oxide, is more corrosion resistant compared to other rare earth metals. Its pink oxide layer is quite brittle. Unusual: It is highly flammable and irritating as a metal. Its outstanding feature also defines its main purpose: It is highly magnetic.
Neodymium is mainly used for the production of extremely powerful neodymium iron boron magnets. These can carry 1,300 times their weight permanently. They are used wherever you need strong magnets at a small volume: In wind turbines or highly effective electric motors, in microphones or speakers in smartphones. In other words: All across the high-tech industry.
The magnets produced with neodymium, for example, effect significantly higher performance in the generators of wind turbines than conventional magnets. Since the weight of the aggregates plays a major role in wind turbines, the demand for neodymium is also by far the highest in this industrial sector.
Numerous applications across the high-tech industry are driving the growing global demand for neodymium.
The importance of neodymium for many future technologies is high and rising. For example, the elevator technology of the One World Trade Center in New York is based on neodymium magnets. Experts believe that the global demand for neodymium will continue to grow continuously.
Neodymium is perfectly suited for a smart investment in rare earths. Investors with a medium and long term perspective in particular are benefiting from the growing demand of the industry.
Do you have any questions or would you like to invest in neodymium oxide? We are happy to talk about everything in a personal conversation.
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