Is Rhenium the new Hafnium? 8.8% price increase since last week
Last week, Rhenium experienced its long-awaited price surge. After a period of suspicious quiet surrounding this (potentially) hot technology metal, the now recovering aviation industry finally impacted the price of the turbine metal, which rose by 8.8% last week.
The increased demand for liquid gas turbines in 2022 and the military use of the technology metal as part of vehicle armor may also have played a role. We do not know the exact cause of the price surge, only that it is long overdue.
Rhenium, like Hafnium, withstands extreme temperatures
Without Rhenium, aircraft would not be able to take off. As part of alloys in turbines, it ensures that they withstand the high operating temperatures during a flight. The metal’s melting point is 3,186 degrees Celsius. Only tungsten, primarily used in the incandescent filament industry, is more heat-resistant with its melting point of 4,450 degrees Celsius. However, another technology metal is also used in aviation due to its heat resistance: Hafnium. This technology metal, extracted from zirconium ore, melts at 2,227 degrees Celsius. Hafnium and Rhenium share their function as turbine metals. Since the price of Hafnium has risen sharply recently, it is quite possible that many industries are currently switching to the (still) inexpensive Rhenium – a circumstance that investors could capitalize on.
Hot commodity for investors!
Previously, the price of Rhenium stagnated at a high level, but this inertia has now been broken. In just one week, the price per kilogram has risen from 1,660 to 1,880 Euros. Of course, no one can predict how the rally will continue, but there is a certain chance for good to superior returns. For those who prefer to think pessimistically: 220 Euros have already been lost. However, one week is not much time, and it is definitely still possible to jump on the bandwagon now – tax-free purchase and tax-free profits after a one-year holding period included!