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Californium Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Californium in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Californium Price Trend for the Second Half of 2023
Rare earth prices attained their lowest point in the first half of 2023, but the rebound of this sector was strong in the third and fourth quarters of 2023. This strong momentum of the market was driven by heightened demand for electric vehicles and wind power. These industries, for promoting the production of renewable energy and eco-friendly alternatives to traditional choices, received a huge number of investments during the said period, which resulted in their exponential growth. China, the primary rare earth producer, also experienced an expansion of output quotas, further supporting price rebounds.
In the early months of the year 2023, prices notably declined, with some elements like praseodymium oxide dropping by 34%. However, the downward trend stabilized as certain elements, such as neodymium-praseodymium oxide, californium, and others, particularly utilized in the production of electromagnets and automotive parts, enjoyed the surge in procurement rates from these sectors. In view of this positive scenario of demand, China increased its production activities during the early months of the last quarter, but this was far below catering to the domestic and overseas demand of californium, giving a boost to californium price trends.
According to Procurement Resource, the price trend of Californium is expected to showcase a slight upward movement as the traders might benefit from the widening gap between the production and demand of rare earth metals.
Californium Price Trend for the First Half of 2023
In the first two quarters of 2023, the price trend of Californium declined due to the downward movement in the cost of rare earth metals. This decline was primarily attributed to the limited influx of new orders received by downstream manufacturers in the magnetic materials industry.
The well-established magnetic material factories had enough reserves to sustain for the long term, and thus, they were reluctant to place long-term orders. With no fresh orders coming in, the manufacturing sector suffered. In response, magnetic material producers became discerning in their rare earth metal purchases, impacting the Californium market adversely. This trend of declining Californium prices mirrored the overall trend observed in other rare earth metals.
On the supply side, production at metal and rare earth separation facilities remained consistent, ensuring a steady supply throughout the quarters. This declining demand, coupled with weakened buying potential from the buyer segment, ultimately led to the decline in the price trend of Californium.
According to Procurement Resource, the price of Californium is estimated to fluctuate in the upcoming months as the demand from the downstream sectors seems uncertain, while the supply of rare earth metals is expected to remain consistent.
Procurement Resource provides latest prices of Californium. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Californium, belonging to the actinide group, is the sixth transuranium element to be synthesised. It is a radioactive chemical element. Californium is one of the few transuranium elements which has practical applications. Two crystalline forms of californium exist under normal pressure while its third form exists at high pressure. The +3 oxidation state dominates the compounds of californium. In appearance, it is a silvery white actinide metal that slowly tarnishes in air at room temperature. This element is not found in nature and is manufactured through nuclear processes.
|Californium 252 isotope, Nuclear reactors, Neutron spectroscopy, Neutron diffraction, Strong neutron emitter, Research , Brachytherapy, Material scanners
|7440-71-3, Californium ion
|Frontier Technology Corporation, American Elements
|Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|US$ (Data can also be provided in local currency)
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Californium, that is, Californium-245 is produced by bombarding curium-242 with cyclotron-accelerated helium ions. While in general, Californium is produced in nuclear reactors and particle accelerators.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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Phone:+1 307 363 1045
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Phone: +44 7537 132103