Holmium Prices

Holmium Prices H2 2023

In H2 2023, the prices of holmium in the China region reached 68565 USD/MT.

Holmium Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Holmium Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of holmium 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 holmium at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of holmium price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing holmium 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.

Holmium Market Analysis

• One of the major drivers of the holmium market is its usage in numerous medical processes, including lithotripsy for eliminating kidney stones and in the treatment of benign prostatic hyperplasia (BPH). During the process of lithotripsy, holmium lasers provide an accurate targeting and seamless fragmentation of kidney stones, thereby minimizing the requirement for invasive surgical processes. The rising incidence of kidney stones worldwide can be accredited to factors such as lifestyle changes and dietary habits. Besides this, the rising geriatric population leads to the increasing prevalence of BPH, thus creating a positive market demand. According to the WORLD HEALTH ORGANIZATION (WHO), in the year 2020, the number of individuals above the age of 60 outnumbered children younger than 5 years.
• Another factor driving the market is the wide product utilization in the industrial applications, specifically in the manufacturing of specialized glass and ceramics. The distinctive optical qualities of holmium such as its ability to absorb and project particular wavelengths of light, make it a vital component in the production process of lenses, optical filters, and laser materials. Other than this, within the glass industry, holmium oxide is used as a colorant so as to manufacture glasses with unique optical properties, including infrared absorption and visible light transmission. These glasses are used in numerous fields, such as telecommunications, aerospace, and automotive thereby creating a positive market outlook. Besides this, holmium also plays a major role in the ceramic manufacturing industry. These ceramics display unmatched magnetic properties, thus making them a vital component in magnetic resonance imaging (MRI) machines, magnetic storage devices, and sensors. As per a research report published by the IMARC GROUP, the global ceramics marker has reached US$ 175.8 Billion in 2023, and is expected to reach US$ 311.7 Billion by 2032, exhibiting a CAGR of 6.37% during 2024-2032.
• The significant efforts made toward scientific exploration and research and development (R&D) activities are positively influencing the market growth. The distinctive qualities of holmium such as optical, magnetic, and thermal properties make it a promising choice for the next-generation magnetic devices and data storage solutions. Other than this, in the biomedicine field the ongoing research aims to utilize the qualities of holmium for targeted drug delivery, cancer therapy, and imaging. Holmium-based nanoparticles display potential for accurate drug delivery to specific tissues, minimizing systemic toxicity and enhancing therapeutic results. Besides this, holmium-based contrast agents improve the resolution and sensitivity of medical imaging techniques such as MRI making the diagnosis of early disease detection accurate and seamless.

Holmium News

The report covers the latest developments, updates, and trends impacting the global holmium 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 holmium price trend.

Latest developments in the holmium industry:

• In 2023, Holmium, a rare earth metal ion, has been integrated into ambient-air processed all-inorganic γ-CsPbI2.5Br0.5 perovskite solar cells, resulting in both high efficiency and stable performance.

Product Description

Holmium is a rare earth element with the atomic number 67 and symbol Ho, named after Stockholm, where it was discovered. It is classified as a lanthanide, belonging to the f-block of the periodic table. Holmium possesses unique magnetic properties, making it valuable in various applications.

One significant application of holmium is in medical settings, particularly in laser surgery. Holmium lasers are used for procedures such as lithotripsy, where they efficiently fragment kidney stones with minimal invasiveness. Additionally, holmium is utilized in the treatment of benign prostatic hyperplasia (BPH), a common condition in aging males. Beyond medicine, holmium finds application in industrial sectors, especially in the production of specialized glass and ceramics.

Regional Coverage

The report provides a detailed analysis of the holmium 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 holmium price trend. 

Global Holmium Price

The report offers a holistic view of the global holmium pricing trends in the form of holmium 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 holmium 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 holmium 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 Holmium Price

Europe's holmium 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 holmium production costs. Additionally, the region's dependency on holmium imports, coupled with fluctuating currency values, adds another layer of complexity to understanding price trends in this market.

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

North America Holmium Price

In North America, holmium 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 holmium supply chains and pricing structures. The shift towards green energy and electric vehicles in North America also affects demand patterns for metals.

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

Middle East and Africa Holmium Price

The holmium 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 holmium supply and prices.

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

Asia Pacific Holmium Price

In the Asia Pacific region, holmium 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 holmium, making the Asia Pacific market a complex environment for price trend analysis.

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

Latin America Holmium Price

Latin America's holmium 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 holmium 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 holmium 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 holmium 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 holmium 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 holmium price charts ensure our clients remain at the forefront of the industry.