Indium Price: Range, Benchmarks and Drivers

USGS reports the average 2025 price of indium at $370/kg (US warehouse, free on board; +22% on 2024). The price has changed by an average of +15% a year since 2021. The table gives the annual averages for each year available, and the sections after it give the dealer price where one is listed and the recent events the sources report.

Indium price: what the sources report

The USGS text puts the estimated 2025 US warehouse average at $390 per kilogram, 11% above 2024. Argus reported the price at $383 at the start of the year and a peak of $408 in June.

What recent events affect the indium market?

• February 2025. China's Ministry of Commerce subjected several critical minerals, including indium, to new export restrictions. Asian Metal reported that exports of unwrought indium fell 72% year over year from September 2024 to September 2025.
• 2025. Fifth-generation (5G) technologies continued to increase demand for indium. USGS expects artificial intelligence to raise demand for specialized chip materials, including those made from indium phosphide.

Frequently asked questions

How much does indium cost?

USGS reports the average 2025 price of indium at $370/kg (US warehouse, free on board; +22% on 2024). EarthRarest, our sister business, lists In min. 99.995% metal bar at $1,172.63/kg (20 kg metal bar), read on October 14, 2026; a dealer list price covers one grade and pack size and is not a market benchmark.

Which country produces the most indium?

China produces the most indium: an estimated 760 t, or 69% of the world total, in 2025, according to the USGS refinery production figures.

Is indium a critical mineral?

Yes. Indium is on the US, Australian and Canadian critical minerals lists. Indium was already on the 2022 US list and stays on the final 2025 list of 60 minerals. US net import reliance for indium in 2025 was 100%.

What is indium used for?

Indium is used in indium tin oxide (ITO) coatings, alloys, solders and compounds and electrical components and semiconductors. Indium tin oxide (ITO) coatings: most global consumption; electrically conductive thin films in flat-panel displays, most commonly liquid crystal displays.

Sources

Read on October 13, 2026. Figures on this page come from these documents; where a number is an estimate, the source says so.

1. USGS Mineral Commodity Summaries 2026: Indium. Production, reserves, uses, substitutes, recycling and events
2. USGS Mineral Commodity Summaries 2026: introduction (Table 7 and Figures 10A and 10B). Net import reliance, leading producer and price changes for critical minerals
3. Federal Register: Final 2025 List of Critical Minerals
4. EUR-Lex: Regulation (EU) 2024/1252
5. Department of Industry, Science and Resources: Australia’s Critical Minerals List and Strategic Materials List
6. Government of Canada: Canada’s critical minerals
7. EarthRarest price list. Dealer list price, read October 14, 2026; our sister business
8. Yunnan Tin Company: 2025 annual report, in Chinese (30 March 2026)
9. Korea Zinc: product information
10. Teck: other metals (indium and germanium)
11. Nyrstar: Auby smelter
12. Indium Corporation: company website