Holmium Price in China
- China: 68565 USD/MT
In H2 2023, the price 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 price trend. 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.
Holmium Prices December 2023:
- China: 68565 USD/MT
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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.
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Holmium Price Trend- Q4 2023
Holmium is a chemical element that belongs to the lanthanide series of the periodic table and is a rare earth metal. One of its primary uses is in the production of powerful magnets. When combined with other elements, such as iron and boron, holmium creates magnets that have a very high magnetic strength. These magnets are crucial for various applications in technology and industry, including medical imaging equipment like MRI machines, where they help generate the magnetic fields necessary for imaging tissues inside the body with high clarity. Holmium can absorb neutrons efficiently, making it useful in controlling nuclear reactors by regulating the rate of nuclear fission. Its ability to absorb neutrons without swelling or contracting under prolonged neutron bombardment makes it ideal for this critical function. It also finds applications in specialized glass and optical filters due to its ability to absorb infrared wavelengths.
Holmium Industry Analysis
At present, the increasing demand for rare earth metals in various high-tech industries represents one of the key factors strengthening the growth of the market. Holmium's unique properties, such as its ability to produce strong magnetic fields and its use in medical imaging equipment like MRI machines, ensure steady demand from sectors like healthcare and electronics. Additionally, the growth in renewable energy technologies, such as wind turbines and electric vehicles (EVS), requires magnets made with rare earth elements like holmium. These applications rely on efficient and powerful magnets to enhance performance and sustainability, thereby bolstering the holmium's market demand. Moreover, technological advancements and innovations are also driving the holmium market by expanding its applications. For instance, ongoing research into new materials and processes that utilize rare earth elements for enhanced efficiency and performance in various technologies continually opens new avenues for holmium's utilization. Furthermore, the rising awareness among the masses about the benefits of holmium is bolstering the growth of 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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