Praseodymium Production Cost Reports

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

Praseodymium (Pr) is a chemical element belonging to the lanthanide series. It is an extremely rare metal found in the planet's crust with a concentration of about 3.5 to 5.5 ppm. It is present in mineral ores like bastnasite and monazite, which are primarily produced using the process of ion exchange via monazite sand.

Praseodymium is a soft, pliable, and malleable precious earth element with atomic number 59 and an atomic weight of 140.9 amu. It gradually reacts with oxygen and rapidly with water. It appears to be silvery-white in colour with a slight yellow tinge. It classifies as a metallic commodity with a density of 6.77 g/cm3. Its respective melting and boiling points are 1204 K (931°C or 1708°F) and 3793 K (3520°C or 6368°F).

Praseodymium is extensively used to form many alloys, which is driving its market demand. It is combined with magnesium to create a high-strength alloy that is employed to make aircraft engines. Its Mischmetal alloy containing about 5% praseodymium is used to make cigarette lighter flints. Furthermore, it forms alloys for permanent magnets that are then put in wind turbines, electric generators, and hybrid cars, which further boosts its demand.

In the lighting sector, it can be employed in carbon arc electrodes for studio lighting and projection, along with floodlighting and film industry applications. Also, as a catalyst, it finds use in glass polishing as well as in household end-uses such as in colour televisions, fluorescent lamps, energy-saving lamps and yellow glasses for welders etc., which is furthering the industry's expansion.