Gadolinium Prices

Gadolinium Prices H2 2023

In the second half of 2023, the price of gadolinium in China reached 29013 USD/MT.

Gadolinium Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Gadolinium Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of gadolinium pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of gadolinium at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of gadolinium price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing gadolinium price fluctuations, such as supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Gadolinium Market Analysis

• The extensive use of gadolinium in magnetic resonance imaging (MRI) as a contrast agent is driving the growth of the market. Gadolinium-based contrast agents (GBCAs) enhance the clarity and detail of MRI scans, leading to higher demand in the healthcare sector. For instance, in June 2023, GE HealthCare announced the FDA clearance and launch of Sonic DL- a state-of-the-art deep learning-based technology designed to dramatically accelerate image acquisition in magnetic resonance imaging (MRI). Sonic DL enables new imaging paradigms, such as high-quality cardiac MRI in a single heartbeat. This strikethrough expands GE HealthCare's industry-leading AI-enabled solutions portfolio.
• The increasing use of gadolinium in different electronic applications including electronic applications, like color televisions and LEDs, and manufacturing compact discs and computer memory is contributing to the growth of the market. The expansion of the electronics industry fuels market growth. According to the data from Invest India, currently, the electronics market in India is valued at $155 Bn with domestic production accounting for 65%. The country’s electronics export is expected to reach $120 BN by FY26. During Apr-Feb 2024, electronic goods exports were recorded at $25.60 Bn as compared to $20.69 Bn during Apr-Feb 2023, registering a growth of 23.72%. Electronic exports have become the 6th largest export commodity as of March 2023. Domestic production of electronics is valued at $101 Bn in FY23 and is segmented (basis FY22 data) as Mobile Phones (43%), IT Hardware (5%), Consumer Electronics (12%), Strategic Electronics (5%), Industrial Electronics (12%), Wearables & Hearables (0.3%), PCBA (0.7), Auto Electronics (8%), LED Lighting (3%) and Electronic Components (11%).
• The increasing healthcare spending globally boosts the demand for advanced diagnostic tools, such as MRI machines that use gadolinium-based contrast agents which is fueling the market growth. According to the American Medical Association, health spending in the US increased by 4.1% in 2022 to $4.4 trillion or $13,493 per capita. This growth rate is comparable to pre-pandemic rates (4,1% in 2019). Although government spending to manage the pandemic led to substantial increases in NHE, these expenditures significantly declined in 2021 while utilization of medical goods and services rebounded. By 2022, top-level patterns in health spending more closely reached that of the pre-pandemic.

Gadolinium News

The report covers the latest developments, updates, and trends impacting the global gadolinium market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the gadolinium price trend.

Latest developments in the gadolinium industry:

• In November 2023, Bracco a global leader in diagnostic imaging, and Ulrich GmbH Co KG, a renowned German medical device manufacturer specializing in contrast media injectors and spinal implants, announced a new long-term partnership that will bring a Bracco state-of-the-art MR injector to the United States under an exclusive private label arrangement.
• In September 2023, Bracco Imaging S.p.A., a global leader in diagnostic imaging, and Subtle Medical, Inc., a leading innovator in artificial intelligence (AI)-powered image acquisition, entered into a global agreement in the field of magnetic resonance imaging. This global agreement will begin primarily in the United States wave Bracco Imaging distributes its portfolio of products and services through its subsidiary, Bracco Diagnostics Inc.
   

Product Description

Gadolinium refers to a silvery-white, malleable, and ductile rare-earth metal with the symbol Gd and atomic number 64.
It is part of the lanthanide series and is known for its magnetic properties, which are particularly strong at low temperatures.
It has a high neutron absorption cross-section, making it valuable in nuclear reactors as a neutron poison to control reactor activity.
It is used as a contrast agent in magnetic resonance imaging (MRI) in medical applications due to its paramagnetic properties, enhancing the quality of MRI scans by improving the contrast of images. It is often used in the form of gadolinium-based contrast agents (GBCAs).
It is also used in different electronic and industrial applications such as phosphorus in color TV tubes, compact discs, and computer memory.

Regional Coverage

The report provides a detailed analysis of the gadolinium market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the gadolinium price trend. 

Global Gadolinium Price

The report offers a holistic view of the global gadolinium pricing trends in the form of gadolinium price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of gadolinium but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed gadolinium demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Gadolinium Price

Europe's gadolinium pricing trends are deeply affected by its stringent environmental regulations and the push towards sustainable and recycled materials. The automotive and aerospace industries in Europe, which demand high-quality specialty metals, further complicate the pricing landscape. Energy costs and the availability of renewable energy sources also significantly influence gadolinium production costs. Additionally, the region's dependency on gadolinium imports, coupled with fluctuating currency values, adds another layer of complexity to understanding price trends in this market.

Detailed price information for gadolinium can also be provided for an extensive list of European countries.

North America Gadolinium Price

In North America, gadolinium prices are closely tied to technological advancements in extraction and processing techniques, which aim to reduce costs and enhance efficiency. The region's emphasis on defense and technology sectors, which require precise and high-grade metals, drives demand variability. Furthermore, trade policies, particularly those involving major trade partners like Canada and Mexico, heavily influence gadolinium supply chains and pricing structures. The shift towards green energy and electric vehicles in North America also affects demand patterns for metals.

Specific gadolinium historical data within the United States and Canada can also be provided.

Middle East and Africa Gadolinium Price

The gadolinium pricing trends in the Middle East and Africa are increasingly impacted by infrastructural developments and investments in the construction and transportation sectors. The region’s political climate and its effect on operational stability and security are also crucial in determining price trends. Additionally, the Middle East's strategic initiatives to diversify away from oil dependency and invest in mining and metal production capabilities are reshaping its market dynamics. In Africa, the availability of resources combined with foreign investment in mining projects heavily influences local and global gadolinium supply and prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Gadolinium Price

In the Asia Pacific region, gadolinium pricing dynamics are significantly influenced by robust industrial growth and expanding manufacturing sectors, particularly in China and India. The region's high demand for metals is driven by its active construction industry and increasing investments in infrastructure projects. However, supply disruptions due to geopolitical tensions and regulatory changes in mining practices also play a critical role in shaping price fluctuations. Additionally, trade policies and import-export tariffs continue to impact the cost structures and availability of gadolinium, making the Asia Pacific market a complex environment for price trend analysis.

This gadolinium price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Gadolinium Price

Latin America's gadolinium market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in gadolinium prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, economic fluctuations and currency devaluation are critical factors that need to be considered when analyzing gadolinium pricing trends in this region.

This comprehensive review can be extended to include specific countries within Latin America.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of gadolinium pricing, covering global and regional trends, spot prices at key ports, and a breakdown of ex-works, FOB, and CIF prices.
• The study examines factors affecting gadolinium price trend, including supply-demand shifts and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The gadolinium price charts ensure our clients remain at the forefront of the industry.