Lanthanum Prices

Lanthanum Prices December 2023

In the fourth quarter of 2023, the price of lanthanum in the USA reached 997 USD/MT by December.

Lanthanum Price Trend, Market Analysis, and News

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

The report examines the elements influencing lanthanum 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.

Lanthanum Market Analysis

The global lanthanum market size reached 31.12 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach 40.32 Thousand Tons, at a projected CAGR of 2.92% during 2023-2032.

• A report from UNESCO on behalf of UN-Water, released at the UN 2023 Water Conference in New York, revealed that 26% of people lack safe drinking water globally and 46% lack access to properly managed sanitation. Lanthanum compounds, like lanthanum chloride and lanthanum sulfate are utilized in water treatment to eliminate phosphates and other pollutants from water sources. This is especially crucial in stopping eutrophication, which occurs when too many nutrients in bodies of water cause damaging algal blooms and lack of oxygen. The growing concerns over water pollution and the need for effective water management solutions are encouraging the adoption of lanthanum-based water treatment products. Governments and environmental organizations are imposing more stringent rules on water quality, which is driving the need for lanthanum in the industry.
• Lanthanum carbonate is widely utilized in the treatment of hyperphosphatemia, a condition characterized by elevated levels of phosphate in the bloodstream, frequently seen in individuals with chronic kidney disease (CKD). According to the IMARC Group, the global market for hyperphosphatemia drugs was US$ 4.1 Billion in 2023. This compound efficiently decreases phosphate intake in the body, leading to better patient results. In addition to treating hyperphosphatemia, researchers are exploring the potential of lanthanum-based compounds in medical imaging and diagnostics because of their excellent contrast properties.
• Elderly individuals have a higher likelihood of developing long-term illnesses like CKD, which can result in hyperphosphatemia, marked by increased phosphate levels in the bloodstream. By reducing phosphate absorption, lanthanum carbonate is frequently used to treat hyperphosphatemia, improving patient outcomes and quality of life. As stated in the 2024 US Census Bureau report, the population of people 65 and older is expected to increase by 47%, reaching 82 million by 2050 from 58 million in 2022.
• The growing utilization of lanthanum in numerous renewable energy technologies, particularly in wind turbines and certain types of solar panels is offering a favorable market outlook.
• Lanthanum plays a vital role in manufacturing nickel-metal hydride (NiMH) batteries, frequently found in hybrid cars. The increasing manufacturing and use of hybrid and electric vehicles (EVs) because of the shift towards sustainable transportation is bolstering the market growth.

Lanthanum News

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

Latest developments in the lanthanum industry:

• January 2024: Researchers in Japan created a solid electrolyte with lanthanum hydrides to improve hydride ion conduction for hydrogen-based batteries and fuel cells at room temperature. By adding strontium and oxygen to the lanthanum hydrides, they successfully tackled the issue of hydrogen non-stoichiometry and showed significant improvement in ion conduction rates.
• January 2023: ReElement Technologies started producing rare earth elements domestically with the help of Purdue University's lanthanum-based chromatographic refining technology in order to enhance U.S. semiconductor production. This partnership sought to decrease reliance on foreign suppliers, especially China.

Product Description

Lanthanum is a metallic element that is soft, malleable, and silvery-white and is classified in the rare earth group of the periodic table. It is usually obtained from minerals, like monazite and bastnasite by intricate methods that include separation and purification techniques, such as solvent extraction and ion exchange. It can be generated by reducing calcium with anhydrous lanthanum fluoride as well. It exists in different oxidation states, with the +3 oxidation state being the most prevalent and stable.

Lanthanum is essential for environmental protection as it assists in producing catalytic converters that reduce harmful emissions from vehicles. The importance of this element in sustainable energy solutions is clearly seen in its role in making nickel-metal hydride (NiMH) rechargeable batteries, which are commonly found in hybrid vehicles. Additionally, lanthanum oxide is utilized in the glass sector to improve the optical properties of glass and for creating specialized optical lenses and camera lenses.

Regional Coverage

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

Global Lanthanum Price

The report offers a holistic view of the global lanthanum pricing trends in the form of lanthanum 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 lanthanum 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 lanthanum 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 Lanthanum Price

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

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

North America Lanthanum Price

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

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

Middle East and Africa Lanthanum Price

The lanthanum 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 lanthanum supply and prices.

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

Asia Pacific Lanthanum Price

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

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

Latin America Lanthanum Price

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