Terbium Price in China
- China: 873702 USD/MT
The average price of 2023, the price of the terbium in China reached 873702 USD/MT.
The latest report by IMARC Group, titled "Terbium Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of terbium prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Report Offering:
- Monthly Updates: Annual Subscription
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The study delves into the factors affecting terbium price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/terbium-pricing-report/requestsample
Terbium Price Trend- Last Quarter
Terbium is a chemical element with the symbol Tb and atomic number 65. It is a rare earth metal, part of the lanthanide series, and is known for its silvery-white appearance. Terbium is used primarily in various high-tech applications due to its unique magnetic and optical properties. It is employed in the manufacturing of phosphors for colour displays and lighting, such as in green phosphors for fluorescent lamps and LED displays. Additionally, terbium is used in certain alloys and as a dopant in various materials to enhance their performance. Its role in advanced technologies, combined with its rarity, makes it an important element in modern electronics and materials science.
Terbium Industry Analysis
The increasing demand for high-definition displays, LEDs, and energy-efficient lighting solutions fuels the need for terbium. Terbium’s unique properties make it essential in the production of phosphors for displays and lighting. Its role in enhancing the colour quality and brightness of screens drives its market growth. Terbium is used in various advanced materials and technologies, including those in renewable energy applications. It is utilized in certain types of magnets and energy storage systems, which are critical for the development and efficiency of green technologies like wind turbines and electric vehicles.
Terbium’s magnetic properties make it valuable in data storage devices and high-performance computing applications. As data storage needs expand and computing technologies advance, the demand for terbium in these high-tech sectors increases. Ongoing research and development (R&D) in material science and electronics drive the need for new applications of terbium. Innovations in its use, such as in advanced alloys or specialized coatings, expand its market potential. Terbium’s rarity and the concentration of its sources in a few regions affect market dynamics. Efforts to secure and diversify the supply chain, along with advancements in extraction and processing technologies, impact market stability and growth. The increasing focus on sustainable and environmentally friendly technologies encourages the use of terbium in eco-friendly products. Regulatory support for green technologies boosts its market prospects.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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