Indium Price Trend and Forecast

Indium Regional Price Overview

Get the latest insights on price movement and trend analysis of Indium in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Indium Price Trend for the Second Half of 2024

Indium's market in the second half of 2024 was marked by dramatic price escalations and strategic market tensions. Being a critical technology metal, its value surged dramatically due to constrained global supply and escalating technological demands.
 

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The overwhelming control of indium production by China gave the country huge market leverage, while export restrictions and environmental regulations further tightened global availability. The strategic importance of the metal in advanced technologies such as photovoltaics, electronics, and aerospace drove intense competition in the market.

Speculative trading and limited production capabilities added to the volatility in prices. The classification of the metal as a critical raw material by major economies underlined its strategic importance and attracted increased investor attention.

The demand was driven specifically by the emerging economic markets in Asia, where the expanding middle classes and their growing technological consumption put sustained pressure on the limited supply chain of indium.

Geopolitical uncertainties, including a possible shift in trade policies and international tensions, further add to the complexity of the indium market. The expected political transitions along with ongoing global economic recalibration make for an unpredictable trading environment.

Analyst Insight

According to Procurement Resource, further turbulence is predicted for Indium market in the coming times. The metal will still be a highly interesting strategic resource, and price stabilization may come from technological changes, source diversification, and geopolitical talks.
 

Indium Price Trend for the First Half of 2024

In the first half of 2024, indium prices experienced significant volatility, marked by a sharp increase during the second quarter, driven primarily by speculation and constrained supply from China. The rise in prices was fueled by environmental restrictions in key Chinese provinces, which limited the availability of indium feedstocks, along with heightened activity on the trading platforms. This surge brought indium prices to their highest levels in nearly a decade.

However, as activity on the Chinese platform slowed and sellers in Europe moved to capitalize on the gains by taking profits, prices began to stabilize towards the end of the period. Despite the substantial price movements, demand from European consumers remained relatively sluggish. The market continues to closely monitor China's supply situation, as Europe remains heavily dependent on Chinese exports for indium, making it susceptible to further fluctuations based on developments in the Chinese market.

Analyst Insight

According to Procurement Resource, Indium prices are likely to remain inclined in the coming months; the supply constraints will affect the global indium markets for the long term.
 

Indium Price Trend for the Second Half of 2023

Since the initiation of H2 of 2023, market participants noted a soft demand for indium despite recent price increases driven by supply constraints in China. Indium, being a rare earth metal, is crucial for various applications, including in electronic batteries, indium tin oxide for LCD screens, and semiconductors; it witnessed a continued reduction in demand as the constraints in the consumer spending budgets grew more intense with the passing of each month under the influence of the weak position of the global economy.

The traders also attributed the market's softness to poor macroeconomic conditions and loss of consumer confidence, particularly affecting the chemicals sector.

Indium prices surged post-export controls on gallium and germanium, with uncertain activity on the Liyang Zhonglianjin e-exchange in China driving the increase in the later months. Despite higher prices in China, the world's primary indium producer and consumer, lower prices in the rest of the world were the cause of concern for global traders.

Analyst Insight

According to Procurement Resource, the price trend of Indium is expected to be based on the trading activities and functioning of the global economy in the upcoming quarters.
 

Indium Price Trend for the First Half of 2023

The market activities of Indium were highly influenced by the performance of the downstream industries such as automotive, renewable energy, LED-OLED, etc. In China, the supply of rare earth metals such as Indium increased at a consistent pace due to the intake of several new mining projects, especially in Australia that flooded the market with the supply of Indium while its demand failed to meet the required pace.

The slowdown of Chinese auto industries, disruptions in the supply of essential raw materials, weak revival rate of major cities after the pandemic, and pessimistic behavior of the consumer sector affected the market of Indium negatively.

The industries witnessed almost no new orders, especially in the first quarter, not only from the domestic industries but also from the international players, which further hampered the growth of Indium prices. Further, tensions between the US and China and the decline in the dependence of global markets on Chinese exports ultimately led to the fall in the price trend of Indium.

Analyst Insight

According to Procurement Resource, the price of Indium is estimated to oscillate in the upcoming months as the opening of new mines is expected to influx the market with an excess of Indium while the demand for Indium seems to fall short as compared to the supply.

Procurement Resource provides latest prices of Indium. 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.