Aero engine metal rhenium jumps on supply concerns

Newswire

LONDON, March 31 (Reuters) - Prices of rhenium rose over the last week, as earthquakes in top producer Chile in the last month highlighted the heavy dependence on the South American country for supplies. Prices of refined rhenium pellets, widely used in heat-resistant alloys by the aircraft industry, were quoted at between $4,000-$5,200 per kg, according to European market sources, up from around $3,600/$5,000 per kg last week. "We have been more active in rhenium in the last month and ...

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