Year-by-year annual average price for holmium in USD/kg, sourced from U.S. Geological Survey, Mineral Commodity Summaries 2025. Holmium oxide (Ho₂O₃), 99% REO, Chinese export price.
Holmium's unique magnetic properties make it irreplaceable in specialized medical lasers and high-field research magnets. Demand is driven primarily by High-field magnets and magnetic flux concentrators, Holmium:YAG surgical and dental lasers, Nuclear reactor control systems. 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 Holmium prices.
Holmium prices fell -5.2% from 2023's $58 per USD/kg to $55 per USD/kg in 2024. That was the lowest 2024 reading in 17 years.
Holmium prices fell -17.1% from 2022's $70 per USD/kg to $58 per USD/kg in 2023.
Holmium prices rose +7.7% from 2021's $65 per USD/kg to $70 per USD/kg in 2022. That was the highest 2022 reading in 6 years.
Holmium prices rose +8.3% from 2020's $60 per USD/kg to $65 per USD/kg in 2021.
Holmium prices rose +3.4% from 2019's $58 per USD/kg to $60 per USD/kg 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/kg) | YoY Change |
|---|---|---|
| 2024 | $55 | -5.2% |
| 2023 | $58 | -17.1% |
| 2022 | $70 | +7.7% |
| 2021 | $65 | +8.3% |
| 2020 | $60 | +3.4% |
| 2019 | $58 | -10.8% |
| 2018 | $65 | +8.3% |
| 2017 | $60 | -7.7% |
| 2016 | $65 | -35.0% |
| 2015 | $100 | -50.0% |
| 2014 | $200 | -42.9% |
| 2013 | $350 | -56.3% |
| 2012 | $800 | -33.3% |
| 2011 | $1,200 | +1100.0% |
| 2010 | $100 | +17.6% |
| 2009 | $85 | -5.6% |
| 2008 | $90 | +38.5% |
| 2007 | $65 | +30.0% |
| 2006 | $50 | +25.0% |
| 2005 | $40 | +14.3% |
| 2004 | $35 | +16.7% |
| 2003 | $30 | +7.1% |
| 2002 | $28 | +0.0% |
| 2001 | $28 | -6.7% |
| 2000 | $30 | — |
Source: U.S. Geological Survey, Mineral Commodity Summaries 2025. Holmium oxide (Ho₂O₃), 99% REO, Chinese export price
The most recent annual average we track is $55 per USD/kg for 2024. Live spot prices are shown on the Holmium live-price page.
down -5.2% — from $58 per USD/kg in 2023 to $55 per USD/kg in 2024.
down -5.2% — from $58 per USD/kg in 2019 to $55 per USD/kg in 2024.
down -72.5% — from $200 per USD/kg in 2014 to $55 per USD/kg in 2024.
Holmium's unique magnetic properties make it irreplaceable in specialized medical lasers and high-field research magnets. Demand is driven primarily by High-field magnets and magnetic flux concentrators, Holmium:YAG surgical and dental lasers, Nuclear reactor control systems. 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 Holmium prices.
The highest annual average holmium price in our recorded series was $1,200 per USD/kg in 2011.
U.S. Geological Survey, Mineral Commodity Summaries 2025. Holmium oxide (Ho₂O₃), 99% REO, Chinese export price