The price of rhenium rose significantly in the summer of this year. An eight-year high was reached in August. After stagnating, the price fell back to the July level in September and has remained relatively stable since then. How can this volatility be explained?
According to Frank Meier, the expert for technology metals at TRADIUM, the Price jump in summer 2024 This was largely due to the fact that the industry bought rhenium on a large scale in order to secure long-term supplies and increase stocks. There was practically a chain reaction: after the first buyers began to order larger quantities, other market participants quickly followed suit. As a result, stocks on the producer side were bought almost empty, which Prices to a record high.
Raw material producers have responded to the increased demand and adjusted their business activities in recent weeks so that more rhenium is now available on the market again, Meier continues. This has led to a new balance in prices, which are higher than before the increase in the summer. However, the market situation has eased noticeably overall. In principle, the rhenium market is relatively small, with only around 56 tonnes available according to Data from the U.S. Geological Survey 2023 The metals are produced worldwide, so changes in the demand structure can provoke much more severe price developments than for metals with large market volumes.
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