Compounds of rare earth metals, of yttrium or of scandium
CPC v2.1 Code: 34290
About compounds of rare earth metals, of yttrium or of scandium
cpc code 34290 covers the production and trade of compounds of rare earth metals, including yttrium and scandium. These materials play a crucial role in a wide range of high-tech applications, from electronics and renewable energy to medical devices and aerospace engineering. As global demand for advanced technologies continues to grow, the importance of this industry within the broader economy is expected to increase significantly in the coming years.
Production process
The production of compounds of rare earth metals, yttrium, and scandium typically involves a multi-step process. First, the raw materials, which are extracted from mineral deposits, are purified and separated into individual rare earth elements. These elements are then combined with other chemicals to form the desired compounds, often through processes like precipitation, ion exchange, and thermal decomposition. The final products are then refined, packaged, and distributed to various industrial and commercial customers.
Production inputs
The main inputs required for the production of cpc code 34290 products include rare earth mineral ores, such as monazite and bastnäsite, as well as various chemical reagents and processing equipment. Specialized machinery, including centrifuges, filtration systems, and furnaces, is also essential for the purification and compound formation stages. Additionally, a skilled workforce with expertise in materials science, chemistry, and engineering is necessary to ensure the efficient and high-quality production of these specialized compounds.
Production outputs
The compounds produced under cpc code 34290 are used in a wide range of applications, including 85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles, 88 Aircraft, spacecraft, and parts thereof, 90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof, and 28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals, of radioactive elements or of isotopes. As such, the outputs of this industry are essential inputs for many other high-tech sectors, making it a crucial component of the global supply chain.
Family tree for compounds of rare earth metals, of yttrium or of scandium
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