"Neodymium andPraseodymium, collectively known as NdPr, are metallic elements that belong tothe lanthanide group of the periodic table.
Long-term success forNdPr is linked to the heavyweight automotive and industrial power industries.NdPr has the potential to follow in the footsteps of Lithium in experiencing along-term increase in demand alongside advancing energy technologies.
WhileLithium is used for energy storage, NdPr is used in both the generation ofelectricity and its subsequent conversion to mechanical energy for vehiclepropulsion".