Year-by-year annual average price for rhenium in USD/kg, sourced from U.S. Geological Survey, Mineral Commodity Summaries 2025. Rhenium metal (99.9%+); byproduct of molybdenum/copper. Spiked 6x in 2008.
Rhenium is irreplaceable in high-performance jet engine turbine blades that enable fuel-efficient aviation. No other metal can match its combination of high melting point and high-temperature strength. Demand is driven primarily by Single-crystal jet engine turbine blades, Petroleum reforming catalysts, Filaments for mass spectrometry and scientific instruments. Supply is concentrated in Chile, Peru, Poland, so output disruptions or trade-policy shifts in those countries are the main long-run drivers of Rhenium prices.
Rhenium prices fell -5.9% from 2023's $1,700 per USD/kg to $1,600 per USD/kg in 2024.
Rhenium prices fell -5.6% from 2022's $1,800 per USD/kg to $1,700 per USD/kg in 2023.
Rhenium prices rose +5.9% from 2021's $1,700 per USD/kg to $1,800 per USD/kg in 2022.
Rhenium prices rose +6.3% from 2020's $1,600 per USD/kg to $1,700 per USD/kg in 2021.
Rhenium prices fell -11.1% from 2019's $1,800 per USD/kg to $1,600 per USD/kg in 2020. That was the lowest 2020 reading in 13 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 | $1,600 | -5.9% |
| 2023 | $1,700 | -5.6% |
| 2022 | $1,800 | +5.9% |
| 2021 | $1,700 | +6.3% |
| 2020 | $1,600 | -11.1% |
| 2019 | $1,800 | -14.3% |
| 2018 | $2,100 | +5.0% |
| 2017 | $2,000 | +11.1% |
| 2016 | $1,800 | -28.0% |
| 2015 | $2,500 | -21.9% |
| 2014 | $3,200 | -8.6% |
| 2013 | $3,500 | -12.5% |
| 2012 | $4,000 | -33.3% |
| 2011 | $6,000 | +20.0% |
| 2010 | $5,000 | +0.0% |
| 2009 | $5,000 | -50.0% |
| 2008 | $10,000 | +400.0% |
| 2007 | $2,000 | +33.3% |
| 2006 | $1,500 | +50.0% |
| 2005 | $1,000 | +25.0% |
| 2004 | $800 | +14.3% |
| 2003 | $700 | +7.7% |
| 2002 | $650 | -7.1% |
| 2001 | $700 | -6.7% |
| 2000 | $750 | — |
Source: U.S. Geological Survey, Mineral Commodity Summaries 2025. Rhenium metal (99.9%+); byproduct of molybdenum/copper. Spiked 6x in 2008
The most recent annual average we track is $1,600 per USD/kg for 2024. Live spot prices are shown on the Rhenium live-price page.
down -5.9% — from $1,700 per USD/kg in 2023 to $1,600 per USD/kg in 2024.
down -11.1% — from $1,800 per USD/kg in 2019 to $1,600 per USD/kg in 2024.
down -50.0% — from $3,200 per USD/kg in 2014 to $1,600 per USD/kg in 2024.
Rhenium is irreplaceable in high-performance jet engine turbine blades that enable fuel-efficient aviation. No other metal can match its combination of high melting point and high-temperature strength. Demand is driven primarily by Single-crystal jet engine turbine blades, Petroleum reforming catalysts, Filaments for mass spectrometry and scientific instruments. Supply is concentrated in Chile, Peru, Poland, so output disruptions or trade-policy shifts in those countries are the main long-run drivers of Rhenium prices.
The highest annual average rhenium price in our recorded series was $10,000 per USD/kg in 2008.
U.S. Geological Survey, Mineral Commodity Summaries 2025. Rhenium metal (99.9%+); byproduct of molybdenum/copper. Spiked 6x in 2008