The Alchemist, Issue 28: This issue of The Alchemist examines the outlook for two rare earth elements with applications in modern energy technologies that are forecast to experience improved demand over the coming years.
Neodymium and Praseodymium, collectively known as NdPr, are metallic elements that belong to the lanthanide group of the periodic table.
Long-term success for NdPr is linked to the heavyweight automotive and industrial power industries. NdPr has the potential to follow in the footsteps of Lithium in experiencing a long-term increase in demand alongside advancing energy technologies. While Lithium is used for energy storage, NdPr is used in both the generation of electricity and its subsequent conversion to mechanical energy for vehicle propulsion.