praseodyumium
Brings Aircraft Engines to Top Performance: Praseodymium
praseodymium as physical asset
The price development of praseodymium, in per cent.
The continuous growth in magnet production will drive up the demand for praseodymium in the long term. Experts assume that China will not be able to meet the continuing increase in demand on its own. This creates opportunities for new suppliers to enter the market, even at higher prices.
TRADIUM sells praseodymium in kind in oxide form. This has two key advantages: Oxides can be stored almost indefinitely. In addition, every industrial use is based on oxides. The oxide form thus increases the liquidability of the plant.
You can find out more about praseodymium on our information page RareEarths.com.
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Properties of praseodymium
The silvery-white, paramagnetic metal is a dark brown to black powder in its oxide form. It is slightly more corrosion resistant in air than neodymium, but readily forms a green oxide film that flakes off in air. Like neodymium, it is highly flammable.
Applications of praseodymium
Analogous to neodymium, praseodymium is now mainly used to make permanent magnets. It is very similar to neodymium, which is why it is often used together with neodymium in magnets. It is also used in alloys with magnesium to produce high-strength metal for aircraft engines. Because praseodymium improves UV absorption, it is also used for eye protection lenses (such as welding goggles). Praseodymium compounds are used to color crystal glass green and for ceramic materials with high electrical conductivity.