Osmium Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Osmium in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Osmium Price Trend for the Second Half of 2023

Osmium prices exhibited a positive market performance during the second half of the year 2023. After a plateaued run of the first half the osmium prices showcased fluctuations in the second half. Since the supply and demand dynamics kept getting disturbed because of various geopolitical and geoeconomic turbulences, the global trade dynamics also suffered.

Osmium Price Chart

Please Login or Subscribe to Access the Osmium Price Chart Data
 

The osmium market generally exhibits stagnancy because of its rare occurrence and limited applicability; however, the availability was really affected during the said time period, which made procurement difficult for the downstream industries. Overall, rising price trends were witnessed for osmium during the second half of the year.

Analyst Insight

According to Procurement Resource, going forward, the Osmium market will strive for stabilization, so the prices are expected to fall initially and then stabilize in the coming months.

Osmium Price Trend for First Half of 2023

The price trend of osmium in the first two quarters declined gradually due to the significant drop in the market of rare earth metals. There were several factors collectively played a significant role in this falling trend of osmium or overall prices of rare earth metals. The main contributor to this trajectory was the imbalance between the supply and demand of osmium due to new mining initiatives emerging globally, the supply of rare earth elements inclined in the markets.

In addition to this, the ban on the export of rare earth elements caused serious complications in the US markets and the global supply chains. On the other hand, the demand for osmium did not match the excessive supply in the market. The growth of the osmium price trend was further affected by the fluctuations in the rate of consumption by electric vehicles. Thus, all the prices of osmium, along with several other rare earth elements, struggled in the first and second quarters of 2023.

Analyst Insight

According to Procurement Resource, the price of Osmium is expected to depict a declining trajectory as the demand from downstream industries, especially the electric vehicle sector, is likely to remain low. Further, with swinging global economic conditions, the price trend of osmium is estimated to face southwards.

Osmium Price Trend for the Second Half of 2022

The price trend for the Osmium metal were similar to the price trend followed by other rare earth elements. In the last two quarters of 2022, the prices of Osmium were affected by the resurgence of covid cases and uneven global economic conditions. The Russia-Ukraine war fueled the consumer confidence crisis with rising inflation in the European and North American region. This also led to the slowing of demand growth for new electronics, consumer appliances, cordless power tools, and other applications of Osmium.

The demand for rare earth metals was further affected by the severe crisis due to strict restrictions imposed by China to control the spread of the pandemic which made it difficult to produce mobile phones, electric vehicles, and related equipment.

In the automotive industry, the production of micromotors, sensors, and speakers worldwide which employ rare earth metals declined causing a worldwide shortage of microchips and other components that led to the slowing down in the production rates of this industry, further negatively impacting the price trend of Osmium.

Analyst Insight

According to Procurement Resources, the price trend for Osmium are expected to incline as the automotive and electrical sectors are estimated to gear up their production rates driving the demand for rare earth metals thereby increasing the prices of Osmium.

Procurement Resource provides latest prices of Osmium. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.