Rhenium Price Trend and Forecast

Rhenium Regional Price Overview

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


Rhenium Price Trend for the Second Half of 2023

Rhenium prices were mostly found to be oscillating at the lower levels during the said period of the second half of the year 2023. Prices of rare earth elements were found to be sinking lowest in July’23 since the year 2020. This depreciation in the market performance was primarily attributed to the weakening global economic sentiment across the globe that shook the customer and suppliers’ confidence.

Rhenium Price Chart

Rhenium Price Trends

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By the mid-year the Chinese rare metals exports were reported to decline by about 17% year on year. To stabilize the situation, China decided to withhold its exports temporarily around the end of the final quarter. However, rhenium’s market performance was usually dull during the said period.

Analyst Insight

According to Procurement Resource, the Rhenium price trends will take time to stabilize going forward as the end consumer offtakes and market sentiments will likely take some time to improve.

Rhenium Price Trend for the First Half of 2023

Rhenium is a rare earth metal renowned for its high resistance to heat and abnormally high melting point and thus is used widely in industries that require high-temperature applications. It is also an important component in the generation of superalloys that are used in jet engine manufacturing of electrical filaments, X-ray tubes, and thermocouples, which require high stability and reliability.

The prices of Rhenium suffered from the fall in the rates of imports in China as amid the weak demand for the metals; the region tried to protect its domestic prices. The automotive and alloys sector also faced severe disruptions and an uneven trend in its sales number that affected the overall demand and procurement rates in the Asian markets, causing a downfall in the Rhenium price trend.

Further, the rising mining initiatives raised the supply of rare earth elements that strengthened the supply chains in the US region while the demand for Rhenium continued to follow the trend observed in the Asian countries. The influx of a high number of imports also increased the competitiveness of the market, hampering the price trend of Rhenium.

Analyst Insight

According to Procurement Resource, the price of Rhenium is expected to fall as the demand from the downstream sectors is plunging, while due to the uptake of new mining initiatives, the supply has surpassed the demand.

Procurement Resource provides latest prices of Rhenium. 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.

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About Rhenium

Rhenium is a chemical element. In appearance, it is a silvery-grey, heavy, third-row transition metal in group 7 of the periodic table. Rhenium is known to be one of the rarest elements in the earth's crust. It has the 3rd-highest melting point as well as the 2nd-highest boiling point of any stable element at 5903 K.

Rhenium Product Details

Report Features Details
Product Name Rhenium
Industrial Uses Jet engine blade, Catalyst, Alloy, Filament
Chemical Formula Re
Synonyms 7440-15-5, Rhenium, elementar, renio
Molecular Weight 186.21 g/mol
Supplier Database Umicore N.V, Rhenium Alloys, Inc.
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.

Rhenium Production Process

  • Production of Rhenium via Extraction

Industrial Rhenium is extracted from molybdenum roaster-flue gas that is taken from copper-sulphide ores. Some molybdenum ores contain as much as 0.001% to 0.2% of Rhenium.


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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