Neodymium Oxide Prices Today, Price Chart and Forecast Analysis Provided by Procurement Resource

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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 Trends, 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:

Neodymium Oxide is a rare chemical with several industrial applications but is primarily used in the glass and ceramics industry. The compound is used to color and coat glasses, or glassware, including sunglasses, welding glasses, lasers, enamels, or ceramics materials for ceramic pigments. It is used as an additive for UV-absorbing glasses and as a component used for manufacturing YAG lasers with a wide range of industrial applications.

Moreover, Neodymium Oxide is used in manufacturing products like microphones, loudspeakers, in-ear headphones, dielectrics, computer hard disks, and many more electronic items. It is used as a catalyst in polymerization reactions. The compound is one of the ingredients used in making optical fibres which has utilizations in defence, medical, communicational, broadcasting, and mechanical industries.

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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