Get the latest insights on price movement and trends analysis of Osmium in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Osmium Price Trends for First Half of 2023
The price trends of osmium in the first two quarters declined gradually due to the significant drop in the market of rare earth metals. There were several factors collectively played a significant role in this falling trends of osmium or overall prices of rare earth metals. The main contributor to this trajectory was the imbalance between the supply and demand of osmium due to new mining initiatives emerging globally, the supply of rare earth elements inclined in the markets.
In addition to this, the ban on the export of rare earth elements caused serious complications in the US markets and the global supply chains. On the other hand, the demand for osmium did not match the excessive supply in the market. The growth of the osmium price trends was further affected by the fluctuations in the rate of consumption by electric vehicles. Thus, all the prices of osmium, along with several other rare earth elements, struggled in the first and second quarters of 2023.
According to Procurement Resource, the price of Osmium is expected to depict a declining trajectory as the demand from downstream industries, especially the electric vehicle sector, is likely to remain low. Further, with swinging global economic conditions, the price trends of osmium is estimated to face southwards.
Osmium Price Trends for the Second Half of 2022
The price trendss for the Osmium metal were similar to the price trendss followed by other rare earth elements. In the last two quarters of 2022, the prices of Osmium were affected by the resurgence of covid cases and uneven global economic conditions. The Russia-Ukraine war fueled the consumer confidence crisis with rising inflation in the European and North American region. This also led to the slowing of demand growth for new electronics, consumer appliances, cordless power tools, and other applications of Osmium.
The demand for rare earth metals was further affected by the severe crisis due to strict restrictions imposed by China to control the spread of the pandemic which made it difficult to produce mobile phones, electric vehicles, and related equipment.
In the automotive industry, the production of micromotors, sensors, and speakers worldwide which employ rare earth metals declined causing a worldwide shortage of microchips and other components that led to the slowing down in the production rates of this industry, further negatively impacting the price trends of Osmium.
According to Procurement Resources, the price trendss for Osmium are expected to incline as the automotive and electrical sectors are estimated to gear up their production rates driving the demand for rare earth metals thereby increasing the prices of Osmium.
Procurement Resource provides latest prices of Osmium. 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.
Osmium is a chemical compound with 76 as its atomic number. It is a hard, brittle, bluish-white transition metal. It belongs to the platinum group and is found as a trace element in alloys, mostly in platinum ores. It shows good resistance to corrosion and is used in some alloys as well as in industry as a catalyst.
|Industrial Uses||Cosmetics, Fountain pen tips, Electrical contacts, Phonograph styli, Filaments, Alloy, Other|
|Molecular Weight||190.2 g/mol|
|Synonyms||7440-04-2, Osmium (3+), Osmium Ion|
|Supplier Database||American Elements, Russian Platinum, Johnson Matthey, BASF SE, Manilal Maganlal & Company|
|Region/Countries Covered||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
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Osmium is derived industrially as a by-product from nickel and copper mining and processing. Osmium is removed from the other platinum group metals by distillation or extraction with organic solvents of the volatile osmium tetroxide.
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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