About NdPr

Neodymium is a chemical element with symbol Nd and atomic number 60. It is a soft silvery metal that tarnishes in air. Neodymium was discovered in 1885 by the Austrian chemist Carl Auer von Welsbach.

Praseodymium is a chemical element with symbol Pr and atomic number 59. Praseodymium is a soft, silvery, malleable and ductile metal, valued for its magnetic, electrical, chemical, and optical properties.

Neodymium and praseodymium are commonly referred to as NdPr and are elements most commonly used in the creation of high strength permanent magnets.

As the world moves towards zero emissions NdPr electric motors and permanent magnet generators will be at the core of our clean energy future.


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The electrification of motive power is the biggest energy transformation in history.


From wind turbines to electric vehicles, bikes, buses to trains, trucks, drones, tools, heating, cooling, industrial automation and robotics the electric motor will be the driver of our clean and automated energy future.

Demand for the super strong NdPr permanent magnets in the continued expanding range of modern applications will certainly drive up demand for NdPr raw materials and new sources of supply will need to be developed.


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NdPr demand is expected to double by 2025 with a supply shortfall expected as early as 2021.


China controls well over 87% of the world’s NdPr production and Pensana is well placed to become a potential alternative source of these critical elements. 

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