Hafnium is among the least-produced metals globally, with annual production (in tons) between that of rhenium and platinum. As befits such a low-volume metal, hafnium’s applications (mainly in superalloys, semiconductors, nuclear power and alloys for space/hypersonics) are all high value, with aggregate demand elasticity very low.

CPM Group expects the hafnium market to experience large and sudden movements, with global demand projected to grow nearly 40% by 2030. Hafnium prices can also display sharp fluctuations, evidenced by the more than fivefold increase in prices during 2023.

This critical mineral is recovered solely as a by-product from the production of nuclear-grade zirconium metal. There are no primary hafnium mines or mineral deposits. The hafnium supply base is small, limited to companies in China, France, Russia and the United States, and their primary focus is on supplying zirconium.

CPM Group’s Hafnium report answers a clear need for detailed and expert analysis of this small but critical market.

This report is created with the intent to provide hafnium research, information, data, and analysis at a much higher level than is currently available on the market; with the same level knowledge and accuracy that CPM Group brings to all of its commodities research.

“Our goal is to bring greater transparency and market intelligence to the hafnium industry, for industry insiders and downstream companies reliant on hafnium. To achieve this, we are moving away from the conventional model of producing long reports containing a large amount of historical information. Instead, clients will receive detailed analysis of the areas we know to be of the most value.”

– Dr. Andrew Matheson