When the metal is exposed to water or acids, neodymium reacts and creates hydrogen gas. It is slow to react with cold water but that reaction speeds up when it comes into contact with hot water. Air can also give the metal a yellow coating. Neodymium reacts rapidly with air and will flake and tarnish quickly. It is soft and only slightly malleable with a density of 7.01 g/cm3. This led to world-changing technological changes in later years. While coloring glass with neodymium started in 1927, it was not until 1983 that the metal was discovered to be extremely useful in magnets. Many of the resulting colors were green, blue or lavender. The first commercial application of neodymium was to use the metal in glass tinting. The first pure sample of neodymium was not produced until 1925. However, Auer's mentor, the renowned German chemist Robert Bunsen, immediately acknowledged the discovery. Since Auer was a student at the time, many established scientists did not buy into the existence of the new metal. He was convinced it was an unknown metal after he examined neodymium with the help of atomic spectroscopy. Karl Auer was working in Vienna when he made the discovery. In the following years, different elements were pulled from didymium including samarium in 1879 and gadolinium in 1880.įive years later, another new metal was obtained from didymium and this time it was neodymium. In 1839, a man named Carl Gustav Mosander worked with a sample of cerium when he extracted a blend of lanthanoid elements called didymium for the first time. Neodymium would never have been found if not for the discovery of cerium. Neodymium is represented by the symbol Nd and its atomic number is 60.
On the periodic table, it belongs to the lanthanide family of rare-earth metals that include 14 other elements. Neodymium is a rare-earth element with a dark and silvery appearance.
Just send a message to simon to give us a heads up.Neodymium is a Rare Earth Element that is used in the production of strong magnets and in specialized glass applications. “This phase of oversupply will ultimately sow the seeds of the battery materials super cycle over the second half of this decade.” After this, the “demand surge will more sustainably overcome current supply growth,” the analysts noted.ĭon’t hesitate to contact us with news tips. The analysts expect lithium to fall to an average of just over $16,000 in 2023. Despite their predictions, however, the Goldman analysts believe that prices could soar again after 2024. Lithium, on the other hand, is expected to see a “sharp correction,” with the metal averaging less than $54,000 per ton this year, down from a spot price of more than $60,000. Nickel is predicted to rise nearly 20% over the rest of this year to $36,500 a ton, but the analysts predict that “fundamental pressures” will be driving the price of the material lower after. The Goldman analysts predict that cobalt will likely drop to an average of $59,500 a ton about a year from now, down from about $80,000 today. The analysts noted that there has been a “surge in investor capital into supply investment tied to the long term EV demand story, essentially trading a spot driven commodity as a forward-looking equity.” This has resulted in a “fundamental mispricing” that has, in turn, “generated an outsized supply response well ahead of the demand trend,” according to a BNN Bloomberg report. While long-term prospects for battery metals are still strong due to the growing electric vehicle sector, the Goldman analysts noted that investor exuberance has led to an oversupply. The analysts noted that important battery components such as cobalt, lithium, and nickel would likely drop over the next two years.
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