Holmium Price in China
- China: 68565 USD/MT
In H2 2023, the prices of holmium in the China region reached 68565 USD/MT.
The latest report by IMARC Group, titled "Holmium Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of holmium prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Report Offering:
- Monthly Updates: Annual Subscription
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The study delves into the factors affecting holmium price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/holmium-pricing-report/requestsample
Holmium Price Trend- Last Quarter
Holmium is a rare earth element belonging to the lanthanide series, identified by the symbol Ho and atomic number 67. Known for its high magnetic strength, holmium is utilized in various specialized applications, particularly in the production of high-strength magnets and as a flux concentrator in magnetic fields. It exhibits unique properties, including a high neutron absorption cross-section, making it valuable in nuclear reactors as a control rod material. Holmium also finds use in medical applications, notably in laser treatments for lithotripsy and other surgical procedures. Despite its specialized applications, holmium is relatively rare and typically extracted from minerals such as monazite and bastnäsite, often as a byproduct of the processing of other rare earth elements. Its availability is limited, and its extraction requires advanced technological processes, contributing to its high value in the market.
Holmium Industry Analysis
The global holmium market is driven by several key factors, primarily the increasing demand for advanced technological applications and the material's unique properties. Holmium's role as a critical component in the production of high-strength permanent magnets, particularly in the growing automotive and electronics industries, is a significant driver. These magnets are essential in electric vehicles (EVs), wind turbines, and various electronic devices, where their superior magnetic properties are highly valued.
Additionally, the expanding healthcare sector, particularly in developed regions, is contributing to the market's growth. Holmium is used in medical lasers for non-invasive surgeries, such as lithotripsy and prostate treatments, due to its precise and effective cutting capabilities. Furthermore, the material's application in nuclear reactors as a burnable poison, where it helps control the nuclear reaction, adds to its demand. The increasing focus on sustainable energy solutions, such as wind and solar power, further propels the market as Holmium-based magnets are integral in renewable energy technologies. The scarcity of holmium, coupled with its vital role in emerging technologies, is prompting increased exploration and mining activities, particularly in regions rich in rare earth elements.
Additionally, the global push towards reducing carbon emissions and promoting green technologies is expected to sustain and possibly accelerate the demand for holmium in the coming years. Regulatory support for the mining and utilization of rare earth elements, alongside investments in RD for new applications of holmium, are also key drivers influencing the market.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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