Samarium Price Trend and Forecast

Regional Price Overview

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

Samarium Price Trend for the Second Half of 2022

The cost of rare earth metals such as Samarium continued to decrease in the later quarters of 2022. Due to the limited number of new orders that downstream manufacturers got, rare earth oxide and metal inquiries and transactions were both muted. Some of the best factories producing magnetic materials fulfilled only long-term orders and saw no fresh orders thereby, causing the manufacturers to be more selective in their rare earth metal purchases. This affected the Samarium market adversely and as a result, a steady decline in the price trend of Samarium along with other rare earth metals was observed.

On the supply side, the production at rare earth separation facilities was consistent and the supply was steady throughout the quarters. The demand, however, was substantially restrained as a result of manufacturers not receiving enough new orders. The declining demand from the end-user industries and weak buying potential from the buyer’s segment thus led to the decline in the samarium prices.

Analyst Insight

According to Procurement Resource, given the current market dynamics, the prices of Samarium are expected to decrease in the coming months. The weak demand from the end-user market industries, negligible fresh orders, and weak market dynamics will affect the market severely.

Samarium Price Trends For the First Half of 2022

The prices of rare earth elements are on a continuous rise as the demand rises manifolds compared to the limited supply. China dominates the mining, production, and processing of rare earth elements like samarium thus, any fluctuations in the Chinese market reverberate globally. Samarium is used in energy transitions and magnets required in the EV industry.

The strong robust demand from the EV sector amid the continuing trade bottlenecks and supply uncertainties caused the prices of samarium to inflate globally. The constricted supply lines resulted due to covid related disruptions and expensive logistics. The closure of the border with Myanmar from where China sources 50% of their rare earth elements negatively impacted the price trend for Samarium. The price of samarium metal (99.5% min) averaged 412072.50 USD/MT during the said period.

Procurement Resource provides latest prices of Samarium. 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.