The volatility in the californium market peaked during the second half of 2024. Geopolitical issues coupled with supply chain challenges led to this condition. The most pressing concern was the borderline military conflict in Myanmar which is made californium imports extremely unstable. The Kachin Independence Army which is a dominant mining factor in the region took over other key geographic areas wreaking havoc for the rare earths market and thereby indirectly impacting the californium pricing situation.
China tertiary policies revolving around export tariffs and bans aggravated the situation. A major cause was the declining demand for the high-tech segments in several areas to which the car industry and renewable energies were an anomaly. A few processers and some analysts did indicate that rare earth materials were more than needed and this precipitated a decline in prices.
Furthermore, short-term issues affecting the market were notable, but the market continue to undergo periodic price changes due to speculations regarding stockpiling by the state or some strategic buying. Also, changes in the environmental protection requirements and the production limit of the country bound the market.