- Global rhenium markets remained tight in Q2’26 as limited primary supply, aerospace demand and recycling importance supported elevated valuations.
- Feedstock availability stayed constrained as rhenium recovery depends on molybdenum and copper processing streams with limited production flexibility.
- Downstream demand remained firm, supported by aerospace superalloys used in high-temperature engine components and advanced industrial applications.
In China, the prices of Rhenium were ~USD 3,818,220.00/MT and ~USD 3,771,620.00/MT, respectively, in the first and last month of the second quarter of 2026. The market remained supported by restricted material availability and cautious supplier releases during Q2’26. Rhenium supply continued to depend on recovery from molybdenum and copper processing streams, with China’s molybdenum production reaching 3,184 tonnes in Q1 2026, supporting potential rhenium feed availability. However, buyers resisted higher procurement levels, leading to a mild correction later in the quarter.
In India, the prices of Rhenium were ~USD 3,818,270.00/MT in April and ~USD 3,771,708.00/MT in June, showing a ~1.2% decrease. The market remained influenced by global supply conditions, as India relies mainly on imported rhenium material. Limited availability from major producing regions and steady demand from aerospace and specialty alloy applications supported prices, while softer procurement activity reduced upward momentum.
In the United States, the prices of Rhenium were ~USD 3,818,307.00/MT in April and ~USD 3,771,775.00/MT in June. U.S. supply remained dependent on imports, with sourcing from Chile, Canada, Germany and Poland forming the major supply base. Recycling also gained importance as companies expanded efforts to recover rhenium from superalloy scrap.
Analyst Insight
According to Procurement Resource, rhenium prices are expected to remain firm, supported by aerospace demand and limited supply, while recycling capacity expansions may gradually improve availability.
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