The latest report titled “Rhenium Production Cost” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of the Rhenium.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the manufacturing process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Rhenium production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Rhenium Production Process:
- Rhenium Production From Mining: This report provides a comprehensive cost evaluation of Rhenium production via mining. Rhenium is mainly extracted by mining copper as a by-product of this process. NextlyNext, via the recovery of the flue dust, Rhenium is obtained, which gets synthesised in the roasting process of molybdenite concentrates from porphyry copper deposits.
Rhenium (Re) is a rare earth metal which comes among the world's rarest chemical elements. It is not available naturally and has to be mined from the Earth's crust. It belongs to the Group 7 of the periodic table with the atomic number 75. It has a silvery-white colour that is a heavy, polyvalent transition metal that resembles manganese. Its melting, and boiling points are 3185°C and 5590°C, respectively.
Rhenium is primarily used as an additive in tungsten- and molybdenum-based alloys for adding useful properties to them. These alloys further find application in oven filaments and x-ray machines which is primarily boosting the industry's growth. It also getsis employed as an electrical contact material as it has properties like being wear and arc corrosion resistant which furthers the market demand. Furthermore, rhenium catalysts are resistant to poisoning (deactivation), which is why they are used in the hydrogenation of fine chemicals.
Its other applications include that of a petroleum reforming catalyst, its use in mass spectrographs and ion gauges as filaments; in the photography segment, rhenium wire is used in photoflash lamps and for plating jewellery and in thermocouples including rhenium and tungsten alloys which are used to estimate temperatures up to 2200 ° C. Hence, due to its wide range of applications in many sectors, it is witnessing high demand.
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Procurement Resource work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. As a team of experts, we also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with updated and reliable data.
We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate so that they can form strategies that ensure their optimum growth.
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