Selenium Demand, Supply Trend, Forecast Data

Stephenthomas06 Jan, 2025Business

In the last quarter of 2024, selenium prices in China surged to 18,430 USD/MT, driven by robust demand from industries like electronics, photovoltaics, and steel production, where selenium plays a vital role in manufacturing. The price increase was further compounded by supply constraints within China and disruptions in the global supply chain. Geopolitical and economic factors also contributed, limiting production and export capacities, which intensified the price surge. As a result, selenium prices reached their highest levels of the year in late 2024.