Terbium Prices

Terbium Average Prices 2023

The average price of 2023, the price of the terbium in China reached 873702 USD/MT.

Terbium Price Trend, Market Analysis, and News

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

The report examines the elements influencing terbium 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.

Terbium Market Analysis

The global terbium market size reached 0.28 thousand Tons in 2023. By 2032, IMARC Group expects the market to reach 0.35 thousand Tons, at a projected CAGR of 2.50% during 2023-2032.

• Terbium is a crucial component in high-performance magnets, such as those used in electric vehicles (EVs) and wind turbines. Its ability to maintain magnetic properties at high temperatures improves the efficiency and durability of these technologies, boosting its market demand.
• Additionally, the increasing use of terbium-doped phosphors in energy-efficient lighting solutions like fluorescent lamps and compact fluorescent light bulbs (CFLs) is contributing to the market growth. These phosphors produce high-quality white light, reducing energy utilization and extending the lifespan of lighting devices.
• Likewise, terbium's neutron absorption properties make it useful in nuclear reactors as a control material, creating a positive outlook for market expansion. Its ability to absorb neutrons helps regulate nuclear reactions and maintain reactor safety, supporting the growth of the nuclear energy sector.
• Moreover, terbium's luminescent properties make it valuable in optoelectronics, including the production of lasers and light-emitting diodes (LEDs), which further aid in market expansion. Its ability to discharge bright green light enhances the execution and efficiency of these devices.
• Another factor driving the market growth is the surging demand from the renewable energy sector, particularly wind power, which relies on terbium-containing magnets. These magnets are critical in the construction of efficient and reliable wind turbines, contributing to the growth of sustainable energy solutions.
• Besides this, the expanding product adoption in medical imaging technologies, such as contrast agents that are used in magnetic resonance imaging (MRI) scans to improve image clarity and diagnostic accuracy, thereby enhancing patient care, is fostering market expansion.
• Furthermore, the aerospace industry’s growing reliance on terbium for various high-temperature and high-stress applications is strengthening the market growth. Its stability and magnetic properties make it ideal for components in aircraft engines and other critical aerospace systems, bolstering the market demand.
• Along with this, the automotive sector also plays a crucial role in driving market expansion due to surging terbium use in electric and hybrid vehicles. Terbium-enhanced magnets improve the efficiency and performance of electric motors, supporting the transition to cleaner transportation options.
• Apart from this, the extensive use of terbium in advanced data storage technologies, such as magneto-optical drives is propelling the market forward. Its compelling properties enable higher storage densities and faster data retrieval, meeting the expanding demand for data storage solutions.

Terbium News

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

Latest developments in the terbium industry:

• In November 2023, Terbium-161, a new radiopharmaceutical developed at the Paul Scherrer Institute PSI, is being tested in clinical trials for drugs targeting prostate and neuroendocrine cancer. Funded by Swiss institutions, these trials assess safety and efficacy in collaboration with leading medical and scientific teams.
• In April 2023, ITM entered a cooperation agreement with the Paul Scherrer Institute (PSI) to co-develop and upscale the manufacturing of Terbium-161. This alliance aims to advance the theranostic treatment of Terbium-161, enhancing cancer treatment through advanced radiopharmaceutical solutions.

Product Description

Terbium is a chemical component that belongs to the lanthanide series, often referred to as rare earth elements. It is a silvery-gray metal that is soft and ductile, making it easy to cut and shape. Although being classified as a rare earth element, terbium is relatively abundant in the Earth's crust. However, it is found in combination with other minerals and requires extensive extraction and refinement processes.

Moreover, it is mainly used in the manufacturing of electronic devices, particularly in the innovation of green phosphors, which are essential for color television tubes, computer screens, and other display devices. Terbium is also used in solid-state devices and as a dopant in various materials to improve their performance. Its ability to absorb and emit light makes it valuable in the field of optoelectronics, where it is used in the production of lasers and light-emitting diodes (LEDs).

Regional Coverage

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

Global Terbium Price

The report offers a holistic view of the global terbium pricing trends in the form of terbium 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 terbium 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 terbium 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 Terbium Price

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

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

North America Terbium Price

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

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

Middle East and Africa Terbium Price

The terbium 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 terbium supply and prices.

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

Asia Pacific Terbium Price

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

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

Latin America Terbium Price

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