Year-by-year annual average price for gadolinium in USD/kg, sourced from U.S. Geological Survey, Mineral Commodity Summaries 2025. Gadolinium oxide (Gd₂O₃), 99% REO, Chinese export price.
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Gadolinium is medically irreplaceable as an MRI contrast agent and has unique nuclear applications. Supply concentration in China creates healthcare supply chain risks. Demand is driven primarily by MRI contrast agents (gadolinium chelates), Nuclear reactor neutron absorbers, Magnetocaloric refrigeration research. Supply is concentrated in China, Australia, United States, so output disruptions or trade-policy shifts in those countries are the main long-run drivers of Gadolinium prices.
Gadolinium prices fell -4.8% from 2023's $42 per USD/kg to $40 per USD/kg in 2024.
Gadolinium prices fell -23.6% from 2022's $55 per USD/kg to $42 per USD/kg in 2023.
Gadolinium prices rose +22.2% from 2021's $45 per USD/kg to $55 per USD/kg in 2022. That was the highest 2022 reading in 8 years.
Gadolinium prices rose +28.6% from 2020's $35 per USD/kg to $45 per USD/kg in 2021. That was the highest 2021 reading in 6 years.
Gadolinium prices rose +16.7% from 2019's $30 per USD/kg to $35 per USD/kg in 2020. That was the highest 2020 reading in 4 years.
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/kg) | YoY Change |
|---|---|---|
| 2024 | $40 | -4.8% |
| 2023 | $42 | -23.6% |
| 2022 | $55 | +22.2% |
| 2021 | $45 | +28.6% |
| 2020 | $35 | +16.7% |
| 2019 | $30 | -6.3% |
| 2018 | $32 | +14.3% |
| 2017 | $28 | +12.0% |
| 2016 | $25 | -28.6% |
| 2015 | $35 | -30.0% |
| 2014 | $50 | -37.5% |
| 2013 | $80 | -60.0% |
| 2012 | $200 | -55.6% |
| 2011 | $450 | +718.2% |
| 2010 | $55 | +31.0% |
| 2009 | $42 | -6.7% |
| 2008 | $45 | +40.6% |
| 2007 | $32 | +28.0% |
| 2006 | $25 | +25.0% |
| 2005 | $20 | +25.0% |
| 2004 | $16 | +14.3% |
| 2003 | $14 | +7.7% |
| 2002 | $13 | -7.1% |
| 2001 | $14 | -6.7% |
| 2000 | $15 | — |
Source: U.S. Geological Survey, Mineral Commodity Summaries 2025. Gadolinium oxide (Gd₂O₃), 99% REO, Chinese export price
The most recent annual average we track is $40 per USD/kg for 2024. Live spot prices are shown on the Gadolinium live-price page.
down -4.8% — from $42 per USD/kg in 2023 to $40 per USD/kg in 2024.
up +33.3% — from $30 per USD/kg in 2019 to $40 per USD/kg in 2024.
down -20.0% — from $50 per USD/kg in 2014 to $40 per USD/kg in 2024.
Gadolinium is medically irreplaceable as an MRI contrast agent and has unique nuclear applications. Supply concentration in China creates healthcare supply chain risks. Demand is driven primarily by MRI contrast agents (gadolinium chelates), Nuclear reactor neutron absorbers, Magnetocaloric refrigeration research. Supply is concentrated in China, Australia, United States, so output disruptions or trade-policy shifts in those countries are the main long-run drivers of Gadolinium prices.
The highest annual average gadolinium price in our recorded series was $450 per USD/kg in 2011.
U.S. Geological Survey, Mineral Commodity Summaries 2025. Gadolinium oxide (Gd₂O₃), 99% REO, Chinese export price