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neodymium praseodymium is one of the light rare earth elements, along with Cerium (Ce), Lanthanum (La) and Gadolinium (Ga). The light rare earths make up a section of the periodic table that looks like a footnote. Names like Ytterbium, Europium and Praseodymium aren’t easy to pronounce – and they certainly weren’t in your science book.
But those metals occupy a crucial space in our new, high-tech economy. They’re essential to everything from EV drivetrains and wind turbines, to the magnets inside your smartphone. You don’t even notice them – but they’re there, making possible the silent ring in your phone and allowing you to adjust the focus of the camera lens with a single tap.
As a raw material in neodymium-iron-boron (NdFeB) permanent magnets, praseodymium is the ingredient that makes those tiny, powerful magnets three times stronger and a tenth of their size. Together with neodymium and dysprosium, praseodymium is the primary raw material used to make high-performance magnets.
Rare earths are a critical component of modern technology and are the building blocks for trillions in global GDP across clean energy, information technology and defense industries. They are also critically important for our clean energy future and are the key to enabling a low-carbon economy. MP Materials’ Mountain Pass deposit is one of the largest in the world, producing a concentrate that contains 15% of the total rare earth content consumed annually. Upon completion of Stage II optimization, expected in 2022, MP Materials will produce separated rare earths with a focus on high-purity Neodymium-Praseodymium (NdPr) oxide, which is used to manufacture permanent magnet materials and is the key raw material for NdFeB magnets.
