“Rare earth elements” involves a group of seventeen chemical elements. These elements belong to actinide and lanthanide series; lanthanum, cerium, neodymium, and praseodymium are the most common elements. These REEs find applications in numerous technological products such as batteries, television, permanent magnets, etc.
Neodymium is extensively used in the produce permanent magnets.These magnets are used in an array of gadgets such as headphones and hard disks.
Windowmate is the new window cleaning robot revolutionizing the window cleaning game. The robot is fueled by 4 smart sensors that include contact, ultrasonic, accelerometer, and magnetic sensors. These sensors can detect edges for meticulously cleaning purposes. It also recognizes the height and width of the window and automatically makes its way across the window to clean it.
The gadget’s push button simplicity makes it user friendly. This making includes attaching the robot to the window. Its strong neodymium magnets prevent it from falling during situations such as battery discharge, malfunction, etc. The robot holds itself on to the window inside and outside using these powerful magnets.
Magnetic Garage Doors
Acoustic Ceiling Products, LLC recently launched their new product magnetic garage accents. Their new products include house-style hinges and handles in a wrought-iron finish. The locks are made of extra strong rare-earth neodymium magnets. The locks easily snap into place. Therefore do not require drill, thus making them easy on the pocket. The magnets release 10 pounds of pressure, this makes it kid and pet friendly.
Market Insight
The global rare earth elements market is predicted to reach USD 10.96 billion by 2020; according to a new research by Grand View Research, Inc. Demand for permanent magnets is predicted to drive the need for neodymium.
Competitive Insight
Indian Rare Earths Ltd, Lynas Corporation Limited, Inner Mongolia Baotou Steel Rare Earth Hi-Tech Co., and Molycorp are some of the key rivals of the market.
In-Depth research report on rare earth elements (REE) market:
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