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United StatesQ1 2025
In Q1 2025, yttrium experienced a significant surge in market value, with prices increasing by $28533 per metric ton, FOB Shanghai marking an 0.35% rise over the previous period. This sharp uptick reflects heightened global demand, particularly from the renewable energy and electronics sectors, where yttrium is crucial for manufacturing LEDs, superconductors, and advanced battery technologies. Supply chain constraints, compounded by geopolitical tensions and export restrictions from key producing countries such as China, further pressured prices. Investors and industry stakeholders are closely monitoring these developments, anticipating continued volatility and upward momentum if supply issues persist into the next quarter.
Q4 2024
In Q4 2024, Yttrium experienced a modest downturn, with prices declining by $28,433 per metric ton, FOB Shanghai marking a 1.39% decrease. This drop likely reflects a combination of reduced demand in key end-use sectors such as electronics and green technologies, alongside improved supply conditions from major producers, particularly China.
The global market may have also reacted to strategic stockpiling adjustments or easing geopolitical tensions that had previously inflated rare earth prices. Despite this dip, the overall market for Yttrium remains relatively stable, underpinned by its essential role in applications like phosphors, LEDs, and advanced materials, suggesting that this price adjustment could be a short-term correction rather than a long-term trend.
Q3 2024
In Q3 2024, yttrium experienced a notable price decline of $28833 per metric ton, FOB Shanghai representing a 5.05% decrease. This significant drop suggests a shift in market dynamics, likely driven by reduced demand in key sectors such as electronics and green technologies, or increased supply from major producers like China. The price correction may also reflect broader economic pressures, including shifts in global manufacturing trends or strategic stockpiling policies easing. Investors and stakeholders should closely monitor geopolitical developments and supply chain adjustments, as these factors are critical in forecasting yttrium’s market trajectory in the coming quarters.
Q2 2024
In Q2 2024, the global yttrium market experienced a notable price decline of approximately $30,366 per metric ton, FOB Shanghai equating to a 1.83% decrease. This downturn was influenced by several interconnected factors. In China, a significant drop in the prices of gadolinium and europium oxides, along with a decrease in yttrium oxide prices to 49,000 RMB/ton, indicated a broader softening in rare earth metal prices.
Concurrently, the aluminum sector faced challenges, with aluminum sheet prices declining by 2% in October and an additional 6% in November, which likely exerted downward pressure on yttrium prices due to their interdependence in alloy production. Additionally, geopolitical factors, such as China’s export restrictions on rare earth elements, introduced volatility into the market, impacting yttrium’s price stability. These combined factors contributed to the observed price decrease in yttrium during Q2 2024.
Q1 2024
In Q1 2024, the market for yttrium experienced a significant downturn, marked by a sharp price decrease of $30933 per metric ton, FOB Shanghai equating to a 0.54% drop. This substantial decline can be attributed to a combination of factors, including weakened demand from key sectors such as electronics and clean energy, increased global supply, and the strategic stockpiling slowdown in major importing countries like China and the U.S. Additionally, broader macroeconomic uncertainties and tightening environmental regulations in mining regions may have further pressured prices. The sudden price correction reflects both market recalibration and investor caution amid fluctuating rare earth market dynamics.
Q1 2025
In Q1 2025, India’s yttrium market experienced a notable surge, with prices increasing by $30297 per metric ton, CIF Nhava Sheva (China) reflecting an 2.84% rise. This uptick was primarily driven by a combination of supply constraints and heightened demand across key industries. Notably, the suspension of rare earth exports from Myanmar led to a critical shortage of ion-adsorption ore, a primary source of yttrium.
This disruption, coupled with strong downstream demand from sectors such as electronics, automotive, and renewable energy, exerted upward pressure on prices. Additionally, the aluminum sector’s challenges, including price drops and supply chain issues, indirectly influenced yttrium pricing dynamics.
Despite these challenges, the market showed resilience, with manufacturers planning capacity expansions to meet the growing consumption needs in high-tech applications. However, stakeholders must remain vigilant, as ongoing supply chain constraints and fluctuating raw material availability continue to impact market stability.
Q4 2024
In Q4 2024, India’s yttrium market experienced a modest decline, with prices decreasing by $29,460 per metric ton, CIF Nhava Sheva (China) equating to a 0.33% drop. This slight downturn reflects a broader trend observed in the global yttrium market, where prices have been under pressure due to factors such as subdued demand in key sectors like electronics and aerospace, as well as challenges in the supply chain.
Despite this minor price reduction, the long-term outlook for yttrium remains positive, driven by its critical role in emerging technologies, including electric vehicles, renewable energy systems, and advanced electronics. The Indian market, while experiencing short-term fluctuations, is expected to benefit from these growing applications, potentially stabilizing prices and fostering sustained demand in the coming quarters.
Q3 2024
In Q3 2024, the yttrium market in India experienced a notable price decline of $29559 per metric ton, CIF Nhava Sheva (China) equating to a 3.65% decrease. This downturn was primarily influenced by global economic challenges, including reduced demand in key sectors such as construction and automotive, which are significant consumers of yttrium-based alloys. Additionally, China’s export restrictions on rare earth elements, implemented in October 2024, introduced supply uncertainties that contributed to market volatility.
Despite these challenges, India’s steady domestic production and strategic policy initiatives, such as the $10 billion Production Linked Incentive (PLI) scheme announced in September 2022, aimed at boosting semiconductor and display manufacturing, are expected to support long-term demand for yttrium. These factors collectively suggest a cautious yet optimistic outlook for India’s yttrium market in the coming quarters.
Q2 2024
In Q2 2024, the yttrium market in India experienced a notable decline, with prices decreasing by $30,679 per metric ton, CIF Nhava Sheva (China) reflecting a 0.98% drop. This downturn was influenced by several factors, including shifting export policies and global trade uncertainties that affected pricing dynamics. Despite steady domestic production, these external challenges contributed to the price decrease, indicating a complex interplay of domestic and international factors impacting the yttrium market during this period.
Q1 2024
In the first quarter of 2024, India’s yttrium market experienced a notable price increase of $30,983 per metric ton, CIF Nhava Sheva (China) equating to a 1.14% rise. This uptick aligns with global trends, where yttrium prices in China, a major producer, saw a 1.5% increase in February 2025 due to supply constraints and rising demand from high-tech sectors. The Indian market’s growth is driven by expanding applications in electronics, aerospace, and healthcare, sectors that are increasingly reliant on yttrium’s unique properties.
Additionally, India’s strategic initiatives, such as the $10 billion Production Linked Incentive (PLI) scheme announced in September 2022, aim to bolster domestic manufacturing capabilities, including in semiconductor and display technologies, further enhancing demand for yttrium. This combination of global price trends and domestic policy support positions India’s yttrium market for continued growth in the coming quarters.
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Yttrium is a transition metal known for its unique chemical and physical properties, which make it highly valuable in a range of modern technologies. Sourced primarily from minerals such as xenotime and monazite, yttrium is widely used in the production of phosphors for color televisions, LED displays, and energy-efficient lighting, where it helps produce vibrant colors. In addition, yttrium is essential in the production of high-performance superconductors, offering enhanced conductivity and efficiency in electronic and magnetic applications. Its ability to form stable compounds is critical in the development of advanced ceramics, which are used in high-temperature environments, including jet engines and nuclear reactors. Yttrium is also crucial in medical technologies, particularly in cancer treatment, where yttrium-based radiopharmaceuticals are employed for targeted therapy. As an important material in electronics, energy, and medical fields, yttrium plays a vital role in advancing both consumer and industrial innovations.
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PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
Applications
Aerospace: Yttrium is used in the aerospace industry for the development of high-temperature superconductors, advanced coatings, and components that improve the performance and durability of aerospace engines and systems, contributing to weight reduction and efficiency.
Yttrium’s unique properties, including its high melting point, excellent thermal stability, and its ability to form stable compounds with a variety of materials, make it a valuable resource in numerous high-tech fields. Yttrium is especially crucial in the production of phosphors for energy-efficient lighting and displays, as well as in superconducting materials, advanced electronics, and medical technologies. Its role in enhancing the performance of materials in extreme conditions, such as in jet engines and space applications, further underscores its importance in cutting-edge industries.
The pricing of Yttrium is influenced by several factors, including:
i. Supply & Availability
• Primary Production: Yttrium is primarily extracted from minerals such as monazite and bastnasite, which often contain other rare earth elements. The availability of yttrium is heavily dependent on mining and refining operations, especially in countries like China, which is the dominant producer of rare earth elements, including yttrium.
• Global Reserves: In addition to China, significant reserves of yttrium are found in countries like India, Russia, Australia, and the United States. Shifts in mining policies, production quotas, or export restrictions in these regions can impact global supply and pricing.
ii. Demand from Key Industries
• Phosphors & Display Technologies: Yttrium is a critical component in the production of phosphors used in color television displays, LEDs, and fluorescent lamps. As demand for advanced display technologies, energy-efficient lighting, and digital screens rises, so does the demand for yttrium.
• Nuclear Energy: Yttrium is used in nuclear reactors as a part of certain compounds, such as yttrium-90, which is used in cancer treatment and medical imaging. The growth of the nuclear energy sector and medical applications influences yttrium demand.
• Superconductors & Magnets: Yttrium is utilized in the creation of high-temperature superconductors and advanced magnets used in various high-tech applications, including in MRI machines, electric vehicles, and other high-tech devices. As these technologies expand, yttrium demand increases.
iii. Purity & Quality
• High-Purity Grades: Yttrium is available in different purities, with higher purity grades (e.g., 4N, 5N) often being used for precision technologies like electronics and aerospace applications. These higher purity grades tend to command a premium price due to the costlier refining processes involved.
iv. Geopolitical Factors
• Export Controls & Quotas: China’s control over the global rare earths supply, including yttrium, allows it to influence prices through export restrictions, quotas, and tariffs. These geopolitical actions can lead to price fluctuations or even supply shortages in certain regions.
• Strategic Stockpiling: Governments or corporations may stockpile yttrium for national security, strategic reserves, or industrial uses. This behavior can impact market supply and influence pricing, especially in times of crisis or technological advancement.
v. Market Speculation & Investment Trends
• Commodities Markets: As with other rare earths, yttrium is subject to speculation in commodities markets. Investments driven by technological trends, such as the rise of electric vehicles or renewable energy, can drive price volatility.
• Short-Term Volatility: Yttrium prices can experience short-term volatility due to shifting demand, technological breakthroughs, or disruptions in the supply chain, especially when there is sudden demand in sectors like electronics, aerospace, or renewable energy.
vi. Alternative Materials & Substitutes
• Substitution Research: Ongoing research into alternative materials and new technologies that can replace yttrium in various applications, such as new types of phosphors or alternative superconductors, may reduce yttrium’s demand and affect its price stability.
• Efficiency Gains: Improvements in the efficiency of yttrium use in products like LEDs, displays, and magnets may reduce the amount of yttrium needed per device, potentially lowering demand and impacting prices.
vii. Processing & Refinement Costs
• Complex Separation: Yttrium is often found in ores that contain other rare earth elements and requires complex processing to extract. The costs of these refining processes, especially with rising energy and labor costs, can impact the price of refined yttrium.
• Environmental Regulations: In countries like China, stricter environmental regulations around mining and refining rare earth elements may limit production capacities or increase operational costs, which would be reflected in the market price of yttrium.
viii. Currency Exchange Rates
• Global Trading Impact: Yttrium, like other rare earths, is typically traded in U.S. dollars. Fluctuations in the exchange rate between the U.S. dollar and other major currencies, such as the Chinese yuan or euro, can impact the cost for countries importing or exporting yttrium, influencing its global price dynamics.
Rising feedstock prices increase the cost of producing Yttrium, leading to higher market prices and potential supply constraints.
Inflation can raise yttrium prices by increasing the costs of mining, refining, and energy, which are key components in its production. Additionally, inflation may drive up demand for yttrium in high-tech industries such as electronics, superconductors, and medical imaging technologies, as well as in renewable energy applications. This increased demand, combined with higher production costs, can lead to upward pressure on prices.
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