In recent decades, the rare earths industry has been primarily driven by the use of permanent NdFeB magnets, where neodymium plays a crucial role.
The inclusion of praseodymium enhances corrosion resistance without significantly compromising magnet performance, while terbium and dysprosium (future KMP products) each boost magnetic performance at elevated temperatures.
The KMP produces neodymium-praseodymium (NdPr) metal, which is a vital component of these magnets, in commercial quantities tailored to customer specifications.
