Lutetium Prices in China
- China: 757596 USD/MT
In the second half of 2023, the price of Lutetium in China reached 757596 USD/MT. The latest report by IMARC Group, titled “Lutetium Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of Lutetium Price Trend. This report delves in globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trend. 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.
Lutetium Prices December 2023:
- China: 757596 USD/MT
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The study delves into the factors affecting Lutetium 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/lutetium-pricing-report/requestsample
Lutetium Price Trend- Q4 2023
Lutetium is a chemical element that belongs to the lanthanide series of the periodic table. It is a silvery-white metal and one of the rarest and most expensive of the rare earth elements. It can be alloyed with other metals to improve their properties, such as strength and corrosion resistance. It is particularly useful in high-performance alloys used in aerospace and other advanced technologies. It is employed as a catalyst in various chemical reactions, particularly in the petrochemical industry and in organic synthesis. It is also utilized in studies involving high-temperature materials, superconductors, and other specialized applications where precise control over properties is crucial.
At present, the increasing use of lutetium-177 in targeted radionuclide therapy (TRT) for cancer treatment represents one of the key factors bolstering the growth of the market. Additionally, ongoing advancements in light-emitting diode (LED) lighting technology, where lutetium-based phosphors are used to improve efficiency and color rendering, are driving the demand for lutetium in the lighting industry. In line with this, lutetium compounds are used as catalysts in various chemical processes, particularly in the petrochemical industry and for organic synthesis, which is strengthening the market growth.
Moreover, the thriving electronics industry is increasing the need for lutetium, integral to various high-tech applications, thereby facilitating the growth of the market. Besides this, the growing geriatric population is catalyzing the demand for advanced medical treatments, especially those harnessing lutetium. This, along with the rising prevalence of cancer and other age-related diseases, is increasing the need for effective therapies.
In addition, rising research and development (R&D) activities continue to explore new applications and improve existing technologies, leading to the need for lutetium for research purposes. Furthermore, the increasing environmental regulations and sustainability concerns among the masses are prompting industries to seek alternative materials and processes that use rare earth elements more efficiently.
The role of lutetium in enhancing energy efficiency and reducing environmental impact in various applications is supporting the market growth. Apart from this, the growing utilization of lutetium in certain components of renewable energy technologies, such as wind turbines and electric vehicle (EV) motors, is offering a favorable market outlook.
Key Points Covered in the Lutetium Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Lutetium Prices
- Lutetium Price Trend
- Lutetium Demand & Supply
- Lutetium Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Lutetium Price Analysis
- Lutetium Industry Drivers, Restraints, and Opportunities
- Lutetium News and Recent developments
- Global Event Analysis
- List of Key Players
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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