Year-by-year annual average price for boron in USD/metric ton, sourced from U.S. Geological Survey, Mineral Commodity Summaries 2025. Boric acid (H₃BO₃); Turkey (ETI Maden) controls 70% of global reserves.
Turkey controls over 70% of the world's boron reserves. Boron is essential for fiberglass, heat-resistant glass, and advanced boron carbide armor used in military applications. Demand is driven primarily by Borosilicate glass for laboratory and cookware, Fiberglass insulation, Agricultural fertilizers and herbicides. Supply is concentrated in Turkey, United States, Russia, so output disruptions or trade-policy shifts in those countries are the main long-run drivers of Boron prices.
Boron prices fell -2.1% from 2023's $970 per USD/metric ton to $950 per USD/metric ton in 2024.
Boron prices fell -3.0% from 2022's $1,000 per USD/metric ton to $970 per USD/metric ton in 2023.
Boron prices rose +8.7% from 2021's $920 per USD/metric ton to $1,000 per USD/metric ton in 2022. That made 2022 the highest annual average in the recorded series.
Boron prices rose +4.5% from 2020's $880 per USD/metric ton to $920 per USD/metric ton in 2021. That made 2021 the highest annual average in the recorded series.
Boron prices fell -2.2% from 2019's $900 per USD/metric ton to $880 per USD/metric ton in 2020.
Movement summaries above are calculated directly from the annual averages shown in the table. Critical Minerals HQ does not attribute price moves to specific events except where backed by sourced reporting.
| Year | Average Price (USD/metric ton) | YoY Change |
|---|---|---|
| 2024 | $950 | -2.1% |
| 2023 | $970 | -3.0% |
| 2022 | $1,000 | +8.7% |
| 2021 | $920 | +4.5% |
| 2020 | $880 | -2.2% |
| 2019 | $900 | +0.0% |
| 2018 | $900 | +5.9% |
| 2017 | $850 | +6.3% |
| 2016 | $800 | -3.6% |
| 2015 | $830 | -3.5% |
| 2014 | $860 | -2.3% |
| 2013 | $880 | -2.2% |
| 2012 | $900 | +0.0% |
| 2011 | $900 | +38.5% |
| 2010 | $650 | +8.3% |
| 2009 | $600 | -14.3% |
| 2008 | $700 | +27.3% |
| 2007 | $550 | +22.2% |
| 2006 | $450 | +12.5% |
| 2005 | $400 | +14.3% |
| 2004 | $350 | +9.4% |
| 2003 | $320 | +3.2% |
| 2002 | $310 | +3.3% |
| 2001 | $300 | +0.0% |
| 2000 | $300 | — |
Source: U.S. Geological Survey, Mineral Commodity Summaries 2025. Boric acid (H₃BO₃); Turkey (ETI Maden) controls 70% of global reserves
The most recent annual average we track is $950 per USD/metric ton for 2024. Live spot prices are shown on the Boron live-price page.
down -2.1% — from $970 per USD/metric ton in 2023 to $950 per USD/metric ton in 2024.
up +5.6% — from $900 per USD/metric ton in 2019 to $950 per USD/metric ton in 2024.
up +10.5% — from $860 per USD/metric ton in 2014 to $950 per USD/metric ton in 2024.
Turkey controls over 70% of the world's boron reserves. Boron is essential for fiberglass, heat-resistant glass, and advanced boron carbide armor used in military applications. Demand is driven primarily by Borosilicate glass for laboratory and cookware, Fiberglass insulation, Agricultural fertilizers and herbicides. Supply is concentrated in Turkey, United States, Russia, so output disruptions or trade-policy shifts in those countries are the main long-run drivers of Boron prices.
The highest annual average boron price in our recorded series was $1,000 per USD/metric ton in 2022.
U.S. Geological Survey, Mineral Commodity Summaries 2025. Boric acid (H₃BO₃); Turkey (ETI Maden) controls 70% of global reserves