The latest report titled “Praseodymium Production Cost Report” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of the Praseodymium
| Report Features | Details |
| Product Name | Praseodymium |
| Process Included | Praseodymium Production From Extraction Via Minerals (Bastnaesite and Monazite) |
| Segments Covered |
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| Currency | US$ (Data can also be provided in local currency) |
| Pricing and purchase options | Basic: US$ 1499 Premium: US$ 2999 Enterprise: US$ 4799 |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the manufacturing process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Praseodymium production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Praseodymium Production Process:
- Praseodymium Production From Extraction Via Minerals (Bastnaesite and Monazite): This report provides a comprehensive cost evaluation of petroleum jelly production from its extraction from rare earth phosphate minerals. During the process, praseodymium is primarily derived from the minerals monazite and bastnaesite. The following extraction process is carried out using solvent extraction and ion extraction processes.
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Product Definition:
Praseodymium (Pr) is a rare-earth metal that is a chemical element belonging to the periodic table’s lanthanide series. It has the atomic number 59 and appears to be a silvery-white metal. Its properties include being malleable, soft and ductile. It reacts rapidly with water but slowly with oxygen. It is mainly produced by the ion exchange process via monazite sand, which is a precious earth element.
Market Drivers:
Praseodymium has primary application in several alloys, which drives the market’s growth. When mixed with magnesium, it forms a high-strength alloy that is employed in engines of aircraft, boosting its demand. Its misch metal alloy (with around 5% praseodymium) is extensively employed in cigarette lighters for making flints. When used with alloys in permanent magnets, they are further used in wind turbines and motors. Further, lanthanide elements are used for studio lighting and projection in carbon arc electrodes. In the glass polishing application, it is used as a catalyst. Also, in household applications, it is used for fluorescent lamps, colour televisions, and energy-saving lamps, as well as glasses. Hence owing to the following applications, the market is witnessing increased growth.
Key Questions Answered in the Praseodymium Production Cost Report:
- What are the key drivers propelling the Praseodymium market?
- What are the various processes used for Praseodymium production?
- What are the raw materials required to produce Praseodymium?
- What are the different operations units involved in the production of Praseodymium?
- What are the manpower and utility requirements in the production process of Praseodymium?
- What are the various costs engaged in the production of Praseodymium?
- What are the construction costs involved in setting up a Praseodymium production facility?
- What are the working capital requirements?
- What is the process of raw material procurement for Praseodymium production?
- What is the time frame for Praseodymium plant start-up?
- What is the pricing mechanism of Praseodymium?
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About Us:
Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertakes extensive research to provide our customers with the latest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele.
Procurement Resource work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. As a team of experts, we also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with updated and reliable data.
We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate so that they can form strategies that ensure their optimum growth.
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