Holmium Price in China
- China: 68565 USD/MT
In H2 2023, the prices of holmium in the China region reached 68565 USD/MT.
The latest report by IMARC Group, titled "Holmium Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of holmium prices. This report delves into globally, presenting a detailed analysis, along with informative holmium price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
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The study delves into the factors affecting holmium price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/holmium-pricing-report/requestsample
Holmium Price Trend- Last Quarter
Holmium belongs to the group of rare earth elements in the lanthanide series. Holmium is a soft, silvery-white metal that is relatively stable in dry air but reacts with water and oxidizes when exposed to moist air. It is characterized by its magnetic properties, having the highest magnetic strength of any element. This makes it valuable in the development of high-strength magnets and other magnetic applications. Holmium has a high neutron absorption capacity, which makes it useful in nuclear reactors for regulating nuclear chain reactions. It is not found free in nature but occurs in minerals such as monazite and bastnäsite. Holmium also emits a distinct yellowish color under certain conditions, making it useful in specialty glass and laser applications.
Holmium Industry Analysis
The global holmium market is propelled by its application in medical technologies, particularly in laser surgery, where holmium-based lasers are extensively used for precise tissue ablation, especially in urology and orthopedic procedures, due to their superior absorption characteristics in water. Concurrently, the growing need for minimally invasive surgeries has amplified the use of holmium in this domain.
Additionally, holmium’s exceptional magnetic properties, being one of the most magnetic materials, make it indispensable in creating strong magnets used in advanced medical imaging equipment and aerospace technologies. Moreover, the expanding medical and aerospace industries have driven demand for such high-performance magnets. In line with this, holmium is also crucial in nuclear reactors as a neutron absorber, where increasing energy demands and the rise of nuclear power generation have led to a steady increase in its consumption.
Besides this, in North America, demand for holmium-based lasers in medical applications is rising due to advancements in minimally invasive surgery. A growing healthcare industry and the adoption of cutting-edge medical technologies across the U.S. and Canada drive this surge. Furthermore, in the defense sector, holmium plays a role in the development of high-power military-grade lasers.
In line with this, In the Middle East, the defense sector is propelling demand for holmium in military laser systems as countries invest in upgrading their defense technologies to enhance national security capabilities. Along with this, the rise in demand for specialty glasses and optical fibers, driven by technological advancements in telecommunications and data transmission, utilizes holmium to enhance optical clarity and functionality. Apart from this, ongoing technological advancements, and innovations in electronic devices, coupled with the need for high-performance materials, are further bolstering the demand for holmium.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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