Rhenium (Re) is a rare, heavy, third-row transition chemical element. It is grey-silverish in colour. It is among the most scarcely available elements in the earth’s crust, having an average concentration of part per billion (ppb).
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Rhenium is commonly derived as a b-product of molybdenum smelting and usually finds application in alloys and catalysts. It has the second-highest boiling point and the third-highest melting point of any stable element. It is also corrosion resistant but gradually tarnishes in a moist atmosphere.
Belgium and United States are the leading global Rhenium producing countries.
Key Details About the Rhenium Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Rhenium price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Rhenium prices, pricing database, and analysis can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Rhenium Price Trend:
Rhenium price trend is being impacted by Industrial uses mainly because it is added with superalloys at high temperatures to make jet engine parts that use 70 percent of the total global rhenium production. It is also heavily employed in making platinum–rhenium catalysts that are further used in making high-octane gasoline that is lead-free.
Rhenium, due to its ability to withstand high temperatures, makes it an ideal metal for use in rocket motors. It is added to molybdenum and tungsten to make alloys function as filaments in lamps and ovens. It can also measure temperatures above 2000 C in thermocouples and electrical contacts that can handle electric arcs.
When mixed with platinum, it finds application in petroleum-reforming catalysis to produce high-octane hydrocarbons to make lead-free gasoline. Other uses include rhenium-tungsten alloys in X-ray tubes, rotating X-ray anodes in superconductors, and plating jewelry.
Key Market Players:
- Umicore NV
- Rhenium Alloys, Inc.
News and Events:
- August 31, 2022 – Culpeo Minerals in Chile is yielding positive results for the Lana Corina copper project as the latest assays produce significant levels of rare mineral rhenium and high-grade molybdenum.
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