Rhenium Prices 2011-2012

How much does rhenium cost?

Rhenium (Chemical Element)
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Primary rhenium is recovered as a by-product of copper-molybdenum ores. The US Geological Survey (USGS) estimates that 52,900 kilograms (116,380lbs) of rhenium was recovered from mined materials in 2012. 

While precise rhenium production figures are difficult to obtain, it is believed that about an additional 15,000 kilograms (33,000lbs) of rhenium was produced through the recycling of turbine blades and aerospace alloys.

 

Due to the concentrated nature of the rhenium market, there is no transparent benchmark price for rhenium metal, which is usually sold in pellet form. 

However, as a global producer of catalyst chemicals, BASF is a major consumer and processor of the metal. The company offers trading and hedging services for rhenium and other precious metals, including ​​gold, silver,​ and the platinum group metals.

Chemical and catalyst prices are dependent upon metal prices, which are set by the company on a daily basis and published under the heading Engelhard Industrial Bullion Prices (Engelhard Corp. was acquired by BASF in 2006).

Prices are set in US dollars per pound for 99.9% min. rhenium content.

Prices indicated below reflect the prices published on the first day of each month per one pound (454g) of rhenium.

Rhenium prices

YearMonthUSD/Pound
2012December$3000
November$3000
October$3000
September$3000
August$3000
July$3000
June$3000
May$3000
April$3000
March$3000
February$3000
January$3000
2011December$3000
November$3000
October$3000
September$3000
August$3000
July$3000
June$3000
May$3000
April$3000
March$3000
February$3000
January$3000

Source: BASF Corporation

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