Californium Price Trend and Forecast

Regional Price Overview

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.

Californium Price Chart

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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.

Analyst Insight

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.

Analyst Insight

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.