The current price of Hafnium is $5,445.70 per kg.
Please note that the price provided above is the retail price for private investors and is aligned with industry retail pricing. For bulk hafnium purchases, whether investment or industry, please contact us directly for a quotation.
Table: Hafnium Historical Prices and Price Changes
|Date||Hafnium Price||Change % to Today||Annual Change %|
|Sep 27 2023||$5,445.70 / kg|
|Jan 1 2023||$4,560.00 / kg||+19.42%|
|Jan 1 2022||$1,632.40 / kg||+233.60%||+179.34%|
|Jan 1 2021||$1,404.30 / kg||+287.79%||+16.24%|
|Jan 1 2020||$1,565.76 / kg||+247.80%||-10.31%|
|Jan 1 2019||$1,856.40 / kg||+193.35%||-15.66%|
|Jan 1 2018||$2,011.70 / kg||+170.70%||-7.71%|
Hafnium Historical Price Movement
At today’s price of $5,445.70 per kg, hafnium has changed +19.42% so far this year. Since the beginning of last year ( $1,632.40 per kg), it has gained a massive +233.60%, and compared to its price of $1,404.30 per kg on Jan 1st 2021 hafnium has increased +287.79% today. If we go back further to Jan 1st 2018, when the cost of hafnium was $2,011.70 per kg, then this rare metal is up +170.70%.
Hafnium is a chemical element with the symbol Hf and atomic number 72. Found in zirconium minerals, it’s a shiny, silvery, ductile metal that resists corrosion due to the formation of a tough, impenetrable oxide film on its surface.
This strategic metal is used in a variety of industries and applications, including:
- Nuclear plants: Hafnium is used in nuclear reactors because it can absorb high levels of radiation. Its neutron-absorbing properties make it an ideal material for use in control rods in nuclear reactors.
- Aerospace industry: This industry uses hafnium because of its high melting point and resistance to corrosion. It is often used in rocket engines and spacecraft components.
- Chemical industry: This industry uses hafnium as a catalyst, often in the production of ammonia and other chemicals.
- Microelectronics: Hafnium oxide is used as a dielectric material in microelectronics. Intel™ also proclaim the use of hafnium in their Pentium processors, adding heat resistance.
- Other applications: This metal is used to make anti-reflective coated glass in camera lenses and eyeglasses. Because of its ability to shed electrons into air, it’s also used as the electrode in plasma cutting.
Where is Hafnium Produced?
Commercial sources of hafnium-bearing zirconium minerals are found in beach sands and river gravel in the United States (principally Florida), Australia, Brazil, India, and Western Africa.
Currently, the major hafnium-producing countries are the US and France. Russia produces smaller amounts too, and it’s believed that Ukraine, another notable producer, has ceased production since the war and that raw material passes to Russia for processing. India and China have some low-volume hafnium production for domestic use, but they don’t export.
What Factors Determine the Price of Hafnium?
Simply put, the laws of supply and demand determine the price of this strategic metal, as they do with all other commodities. As mentioned above, hafnium is a critical component in several industries. So, for example, if the demand for jet engines or Intel Pentium increases, so will the demand for hafnium.
Regarding the supply, we already noted that there’re no independent hafnium deposits, and this strategic metal is always a by-product of mining zirconium. While zirconian is more than twice as abundant as copper and zinc, it’s usually only found in minimal quantities and tiny crystals (typically around 0,1 mm). Therefore, it was considered rare in ancient times. However, the costly hafnium extraction process mainly constrains the supply.
Unlike with many other strategic metals and rare earths, China isn’t a contributing factor in the supply chain. China currently only produces hafnium to satisfy its own demand, and most of the demand from the West is met by production from France and the US.
Hafnium Price Forecast
Historically most of hafnium’s demand came from the nuclear industry, where it’s used for control rods within nuclear equipment. While this demand will continue, it’s unlikely to increase as most nations move to greener energy supplies.
However, today, the primary use of this strategic metal is for super alloys in aerospace and industrial gas turbine blades and vanes. More than half of hafnium’s yearly production goes into this sector, and it’s predicted that the demand from this industry will double over the next 20 years.
The demand for hafnium in other applications, such as adding heat resistance to Intel Pentium processors or in tips used for plasma cutting, also shows steady growth. All of this will put pressure on the existing producers, already constrained by the limiting output of zirconium needed as raw material to produce hafnium. The price of hafnium, especially the purest form required by the aerospace industry, is therefore expected to keep increasing over the next 10 to 20 years.
And it’s particularly this increasing demand from the aerospace industry that was the major contributor to the massive price spike of +179% last year, as the supply couldn’t keep up with the demand. If you like more info on this, we made a 5-minute video explaining the reason behind hafnium’s price increase in 2022.
While one might expect some price correction in 2023 after such stellar gains, there’s currently no sign yet of this happening. But for the medium to long-term, hafnium is still a good buy and a great addition to any mixed strategic metals portfolio. It was by far the largest contributor to the profits made by our investors, holding a portfolio of all our 9 metals & rare earths last year.
How to Buy Hafnium Bars
If you Google search “buy hafnium bars”, you’ll find several suppliers and online marketplaces like Alibaba, eBay, and Amazon selling this metal. It’s worth noting though that unless you purchase from a reputable dealer, there’s no guarantee of the purity and no possibility of liquidation to anyone other than hobbyists.
Corporate buyers like Pratt & Whitney, Rolls-Royce, GE Aviation, and Intel only use licensed metal dealers to buy the industry-grade hafnium they need in their production process. Experienced metals dealers, such as ourselves, act as key intermediaries between the industry users and the producers of strategic raw materials.
Any discerning investor who wants to benefit from future hafnium price increases by purchasing and owning this metal can do this through us, the only globally licensed industry supplier offering this option to private investors. We sell industry-grade hafnium at a minimum of 99.9% purity and less than 0.2% zirconium: Hf+Zr min. 99,9% (Zr < 0,2%). Please note that this is the purest form of hafnium that is preferred by the aerospace industry.
You can also trade hafnium futures contracts in the Shanghai Metal Market (SMM).
How to Sell Hafnium
If you own some hafnium bars, you can sell them online to other hobbyists at sites like eBay, Amazon Marketplace, or Alibaba. However, you won’t get market rates because industry buyers like Safran, Intel, General Electric, and Rolls-Royce only buy pure industrial-grade hafnium from established industry suppliers.
They will only transact with a seller that can provide documentary evidence of the entire chain of custody, purity reports, and proper storage facilities. Because we’re a reputable industry supplier, we guarantee the safe and fast liquidation of our investors’ hafnium and other strategic metals to the market.
All prices on this page last updated Sep 27 2023.