Europium (Eu): Phosphor and Display REE

Key Facts

• Atomic Number: 63 | Production: ~400 tonnes/year
• Primary use: Red phosphors in flat-panel displays, fluorescent lighting
• Pricing: €/kg (HREE premium)
• Demand cycle: Tied to consumer electronics production cycles

Applications

• Red phosphors (Eu3+) in LCD/LED backlighting and flat-panel displays
• Fluorescent lighting tubes (declining with LED adoption)
• UV absorbers/dampers in glass

Market Dynamics

• Demand is cyclical; follows display and consumer electronics cycles
• LED adoption reduces phosphor intensity but creates LED phosphor demand
• Stable but not growth-oriented market

Investment Angle

• Eu is bundled with other HREE in integrated producers
• Not pure-play investable; inclusion in ETFs only