Year-by-year annual average price for terbium in USD/kg, sourced from U.S. Geological Survey, Mineral Commodity Summaries 2025. Terbium oxide (Tb₄O₇), 99% REO, Chinese export price.
Terbium is irreplaceable for high-performance EV and wind turbine magnets. It is produced almost exclusively in China, creating a critical supply chain chokepoint. Demand is driven primarily by NdFeB magnet performance enhancement, Green phosphors in fluorescent lamps and displays, Solid oxide fuel cells. 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 Terbium prices.
Terbium prices fell -14.5% from 2023's $1,100 per USD/kg to $940 per USD/kg in 2024.
Terbium prices fell -31.3% from 2022's $1,600 per USD/kg to $1,100 per USD/kg in 2023.
Terbium prices rose +60.0% from 2021's $1,000 per USD/kg to $1,600 per USD/kg in 2022. That was the highest 2022 reading in 9 years.
Terbium prices rose +61.3% from 2020's $620 per USD/kg to $1,000 per USD/kg in 2021. That was the highest 2021 reading in 7 years.
Terbium prices rose +6.9% from 2019's $580 per USD/kg to $620 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 | $940 | -14.5% |
| 2023 | $1,100 | -31.3% |
| 2022 | $1,600 | +60.0% |
| 2021 | $1,000 | +61.3% |
| 2020 | $620 | +6.9% |
| 2019 | $580 | -17.1% |
| 2018 | $700 | +12.9% |
| 2017 | $620 | +6.9% |
| 2016 | $580 | -17.1% |
| 2015 | $700 | -22.2% |
| 2014 | $900 | -40.0% |
| 2013 | $1,500 | -40.0% |
| 2012 | $2,500 | -37.5% |
| 2011 | $4,000 | +300.0% |
| 2010 | $1,000 | +81.8% |
| 2009 | $550 | -21.4% |
| 2008 | $700 | +16.7% |
| 2007 | $600 | +50.0% |
| 2006 | $400 | +33.3% |
| 2005 | $300 | +20.0% |
| 2004 | $250 | +25.0% |
| 2003 | $200 | +11.1% |
| 2002 | $180 | +0.0% |
| 2001 | $180 | -10.0% |
| 2000 | $200 | — |
Source: U.S. Geological Survey, Mineral Commodity Summaries 2025. Terbium oxide (Tb₄O₇), 99% REO, Chinese export price
The most recent annual average we track is $940 per USD/kg for 2024. Live spot prices are shown on the Terbium live-price page.
down -14.5% — from $1,100 per USD/kg in 2023 to $940 per USD/kg in 2024.
up +62.1% — from $580 per USD/kg in 2019 to $940 per USD/kg in 2024.
up +4.4% — from $900 per USD/kg in 2014 to $940 per USD/kg in 2024.
Terbium is irreplaceable for high-performance EV and wind turbine magnets. It is produced almost exclusively in China, creating a critical supply chain chokepoint. Demand is driven primarily by NdFeB magnet performance enhancement, Green phosphors in fluorescent lamps and displays, Solid oxide fuel cells. 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 Terbium prices.
The highest annual average terbium price in our recorded series was $4,000 per USD/kg in 2011.
U.S. Geological Survey, Mineral Commodity Summaries 2025. Terbium oxide (Tb₄O₇), 99% REO, Chinese export price