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Title Cerium Demand & Supply Trend, Forecast Data | IMARC Group
Category Business --> Materials
Meta Keywords Cerium Prices
Owner stephenthomas
Description

North America Cerium Prices Movement Last Quarter: 

Cerium Prices in the United States:

In the last quarter of 2024, the cerium price trend in the United States reached 995 USD/MT for cerium oxide, reflecting a notable moment for the rare earth element market. This price level was largely influenced by several interconnected factors that shaped both the supply and demand dynamics of cerium oxide, a crucial component in a variety of industries, including electronics, automotive, and catalysts. These industries, which rely heavily on cerium oxide for manufacturing key products such as hard disk drives, catalytic converters, and fuel cells, drove steady demand throughout the year. Despite challenges in the global supply chain, including disruptions from key suppliers like China, which remains a dominant player in cerium production, the U.S. market maintained relatively stable pricing. China's control over much of the global supply of cerium, coupled with fluctuations in its domestic production levels and export policies, had a significant impact on global availability. However, in the U.S. market, cerium oxide prices remained resilient, thanks in part to a well-established distribution network and consistent domestic demand.

Additionally, there was a notable rise in interest in clean energy technologies, such as electric vehicles and renewable energy systems, which rely on cerium for various applications like fuel cell production and emission control. The increasing use of cerium in catalytic converters, driven by stricter environmental regulations and growing demand for cleaner vehicles, further bolstered market stability. As a result, the balance between demand, supply, and the broader market conditions ensured that cerium prices remained consistent throughout the year. This steady pricing environment, coupled with cerium's importance in various industrial applications, underscored its critical role in both traditional and emerging sectors. The stability in cerium prices reflects its continued value as a key element in the global industrial and clean energy landscapes, even as the rare earth market remains subject to geopolitical, economic, and technological shifts.

 

APAC Cerium Prices Movement Last Quarter:

Cerium Prices in China:

In the last quarter, the price of cerium in China reached 1,023 USD/MT, reflecting a strong market driven by both domestic and global demand. Cerium oxide, a key component in various industries such as electronics, catalysts, and polishing agents, saw increased consumption throughout the year. China's dominant role in cerium production and supply significantly impacted global prices, with the country facing supply constraints due to factors like production challenges and logistical issues. Additionally, the rising demand for cerium oxide in sectors like automotive, renewable energy, and clean technologies further contributed to the price surge. This combination of factors, including higher demand and tighter supply, positioned cerium oxide prices in China at a relatively high level in 2023.

How IMARC Pricing Database Can Help

The latest IMARC Group study, “Cerium Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of the Cerium price trend, offering key insights into global Cerium market dynamics. This report includes comprehensive price charts, which trace historical data and highlight major market shifts.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Cerium demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the price report uncovers critical factors influencing current and future prices.

Unlock Real-Time Cerium Prices Trend Today: https://www.imarcgroup.com/cerium-pricing-report

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.

Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No: (D) +91 120 433 0800
United States: +1-631-791-1145