Rhenium (Re) is a silvery-white rare earth metal from the periodic table’s Group 7, which is naturally found in nature or can be mined from the crust of the earth. Its commercial production is done by extracting the flue dust of molybdenum smelters.
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It does not have any mineral characteristics and is typically found in typical platinum and molybdenite ores. It has an extremely high melting point and respective melting and boiling point of 3185°C and 5590°C.
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 Price chart, including India Rhenium price, USA Rhenium price, pricing database, and analysis can prove valuable for 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 serves as an additive added to tungsten- and molybdenum-based alloys to enhance the properties of the commodity, which drives its market expansion. In addition, these alloys are used in X-ray machines and oven filaments, which boosts the market growth further. As an electrical contact material, it gets used owing to its properties of being wear and corrosion-resistant. The metal’s catalysts have high resistance to poisoning (deactivation), which makes it ideal for it to be used in chemical hydrogenation. It also works as a petroleum reforming catalyst and also as a superalloy in high-temperature parts of turbine engines. Other applications that lead to advancement in the industry include its function in mass spectrographs and ion gauges as filaments; in the photography segment; in thermocouples rhenium and tungsten alloys; as rhenium wire in photoflash lamps; and for plating jewellery.
Key Players:
- Umicore N.V
- Rhenium Alloys, Inc.
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