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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).
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 price chart, 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 N.V
- 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.
We Provide Lots of Industries Reports With Full Analysis, For That You Should Visit Our Procurement Resource Website, Apart From This, We Also Provide the Latest Price Trends of Various Products Including acetone price forecast and ammonia prices
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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