Neodymium Production Cost Reports

Neodymium production cost report provides a comprehensive analysis and know-how for setting up a Neodymium production plant. The study covers all the requisite aspects that one needs to know for the production of Neodymium. This includes manufacturing processes, raw material requirements, utility requirements, infrastructure requirements, machinery and technology requirements, manpower requirements, packaging requirements, transportation requirements, etc.

Neodymium (Nd) is a chemical element from the periodic table's lanthanide series. It is an inorganic element, an inner transition element. Among the rare-earth elements, it is the second most abundant, occurring in ores like monazite- reddish-brown phosphate element comprising rare-earth elements and bastnaesite. It is mainly mined in regions like China, Sri Lanka, the United States, Brazil, India and Australia.

The rare-earth metal looks silvery white in colour with a lustrous and shiny yellow look and has various properties such as malleability, ductility, and ability to oxidize in the air, forming an oxide readily. Due to it being extremely reactive, it tarnishes in the air. The element has a molar mass of 144.2 g mol -1 and a density of 7.0 g cm-3. It is extremely dense in nature. Its respective melting and boiling points are 1024 °C and 3074 °C.

Neodymium is used for various applications across many end-user industries. In the household appliances segment, it is used for making things such as colour televisions, fluorescent lamps, and energy-saving lamps and glasses. Furthermore, the metal's alloys, Neodymium iron and boron (NIB), are employed in the making of permanent magnets that are used for making parts of modern vehicles, loudspeakers, and computer data storing.

It also has application in colouring glasses (didymium glass), where it helps absorb the flame's yellow sodium glare, thus, in turn, shielding the eyes of welders, which furthers its demand from various manufacturing sectors. Also, the element finds employment in other downstream industries like crystal (yttrium aluminium garnet) production in the laser industry, steel welding, and skin cancer treatment.