Indium Price Trend

Indium Prices H2 2023

The price of the indium in USA reached 238800 USD/MT (H2 2023 Avg Price). Similarly, in China, the indium prices hit 349675 USD/MT (H2 2023 Avg Price).

Indium Price Trend, Market Analysis, and News

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

The report examines the elements influencing indium 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.

Indium Market Analysis

The global indium market size reached 990 Tons in 2023. By 2032, IMARC Group expects the market to reach 1225.56 Tons, at a projected CAGR of 2.40% during 2023-2032.

• The increasing demand for electric vehicles (EVs) to reduce greenhouse gas emissions represents one of the key factors propelling the market growth. Indium plays a vital role in multiple EV parts, especially in the production of eco-friendly batteries and electronic systems. The growing shift towards environment-friendly transportation and implementation of stringent environmental laws are encouraging the adoption of EVs. Additionally, the rising focus of the automotive sector on innovating and improving the performance and range of EVs is driving the demand for indium. In January 2024, a team of researchers at Cornell University, headed by Lynden Archer, made a noteworthy advancement by creating a lithium battery featuring indium anodes that could be fully charged in less than five minutes. This development was intended to ease concerns about EV range.
• In the production of thin-film solar cells, indium plays a crucial role, especially in copper indium gallium selenide (CIGS) solar cells, which are recognized for their superior efficiency and flexibility when compared to conventional silicon-based cells. In October 2023, Ascent Solar Technologies, which utilizes thin film solar cell technology made from copper indium gallium diselenide chemistry, received approval from the Department of Energy to seek federal funding through the Dual-use PV Incubator program. Their agrivoltaic project aimed to combine solar energy production with farming activities. The growing emphasis on renewable energy highlights the crucial importance of indium in advancing solar energy technologies and supporting sustainability goals.
• Indium is used in a variety of medical devices and equipment because of its biocompatibility and non-toxicity.  It is especially important for the creation of indium-111, a radioactive isotope used in nuclear medicine for imaging tests and treating cancer. The American Cancer Society's Cancer Facts & Figures 2023 report projected about 609,820 cancer-related deaths in the US in 2023, with an average of 1,670 deaths per day.
• The superior characteristics of indium, such as low friction and high corrosion resistance, make it a valuable material in a range of aerospace applications like bearing coatings, seals, and lubricants.
• Indium is vital in the advancement of nanomaterials, especially in the creation of indium tin oxide (ITO) nanoparticles and indium nanowires. The worldwide market size of indium tin oxide (ITO) was US$ 1.74 Billion in 2023, according to the data provided by the IMARC Group. These materials are crucial for developing clear conductive films, bendable electronics, and cutting-edge optoelectronic devices. The distinctive characteristics of indium in the nano size, like its excellent conductivity and see-through quality, are essential for innovative uses.
• Indium phosphide (InP) is a crucial substance utilized in high-speed optical communication systems and photonic devices necessary for contemporary telecommunication networks. The increasing need for faster and more reliable internet connectivity, because of the proliferation of smart devices, video streaming, and cloud computing, is leading to investments in telecommunications infrastructure. The use of 5G networks, which need advanced materials for high-frequency and high-bandwidth purposes, is catalyzing the demand for indium.

Indium News

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

Latest developments in the indium industry:

• November 2023: Iltani Resources (ASX: ILT) disclosed optimistic drill findings from its Orient project in Queensland, unveiling notable silver-lead-zinc-indium-antimony-tin mineralization, suggesting the presence of a sizable deposit.
• May 2024: Silver Elephant Mining Corp. discovered important deposits of gallium, indium, silver, zinc, and lead at its Pulacayo site in Bolivia. They found high-quality minerals in drill hole PUD 28, which contained notable levels of gallium and indium in addition to silver, zinc, and lead.

Product Description

Indium is a soft, malleable, and ductile metal with a silvery-white appearance, classified as a post-transition metal. It is primarily obtained as a byproduct of zinc ore processing, specifically from the residues of zinc refining.

Indium plays an important role in the production of thin-film solar panels, aiding in the creation of renewable energy options that are both more effective and affordable. It possesses strong thermal conductivity, assisting in the dispersion of heat in electronic devices, enhancing their effectiveness and durability. It offers efficient neutron-capturing properties, making it a valuable component in nuclear reactor control rods. It also has low melting points and excellent mechanical properties, which are vital for cryogenic uses. It is employed in semiconductors to enable the production of smaller, faster, and more efficient electronic components.

Regional Coverage

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

Global Indium Price

The report offers a holistic view of the global indium pricing trends in the form of indium 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 indium 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 indium 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 Indium Price

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

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

North America Indium Price

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

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

Middle East and Africa Indium Price

The indium 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 indium supply and prices.

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

Asia Pacific Indium Price

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

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

Latin America Indium Price

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