The silver-white, paramagnetic metal is a dark brown to black powder in its oxide form. Exposed to air it is slightly more corrosion resistant than neodymium, but easily forms a green oxide layer that peels off. Like neodymium, it is highly flammable.
Analogous to neodymium, praseodymium is mainly used for the production of permanent magnets. It is very similar to the neodymium, which is why it is often used in magnets together with neodymium. It is also used in alloys with magnesium to produce high-strength metal for aircraft engines.
As praseodymium improves UV absorption, it is also used for eye protection glasses (such as welding glasses). Praseodymium compounds are used for the green coloration of crystal glass as well as for ceramic materials with high electrical conductivity.
Numerous applications and increasing demand: Praseodymium is sought after on the market.
Continuous growth in magnet manufacturing will drive up the need for praseodymium in the long term. Experts believe China will not be able to cope with the continued increase in demand on its own. This allows opportunities for new suppliers to enter the market even with higher prices. Investors can also benefit from this increasing demand: In the medium and long term, a significant increase in the value of a tangible investment in praseodymium can be expected.
Do you have any questions or would you like to invest in praseodymium oxide? We are happy to talk about everything in a personal conversation.
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