IMARC Report Highlights Global Sodium Cyanide Price Fluctuations in Q2 2025

11-Sep-2025

The global sodium cyanide market has undergone varying price trends in Q2 2025, with price shifts indicating a combination of supply chain interruptions, changes in raw material costs, and ongoing demand from major sectors, especially gold mining. Essential elements affecting regional pricing trends comprise feedstock price instability, logistical issues, currency exchange rate variations, and ongoing regulatory demands on production methods. IMARC's recent pricing report named Sodium Cyanide Price Trend, Index and Forecast Data Report 2025 Edition, which presents updated insights for Q2, reveals that the pricing environment differs markedly across various regions such as North America, South America, Asia Pacific, and Europe.

Q2 2025 Sodium Cyanide Prices:

USA: USD 3066/MT
Thailand: USD 2485/MT
Australia: USD 2163/MT
Brazil: USD 2138/MT
Argentina: USD 2456/MT

Q2 2025 Sodium Cyanide Prices

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Sodium cyanide prices in these areas show that, although they are mostly increasing globally, significant regional differences still exist. These regional price differences emphasize the intricacies of the global sodium cyanide supply chain, where shifts in one area can swiftly create ripple effects on prices elsewhere.

Key Regional Price Trends and Market Drivers:

USA: In the second quarter of 2025, the price of sodium cyanide in the USA increased to USD 3066/MT, influenced by various factors including escalating feedstock costs for ammonia, natural gas, and caustic soda, as well as ongoing demand from the gold mining industry. The gold mining sector in the U.S. continues to be a major factor in sodium cyanide usage, especially in states such as Nevada, where extensive mining activities are still prosperous.
Thailand: In Thailand, sodium cyanide prices reached USD 2485/MT in Q2 2025, a slight increase from the previous quarter. This price hike can be attributed to the nation's dependence on imports for essential raw materials, especially hydrogen cyanide and caustic soda. As global supply chain issues persist, transportation costs have increased, exacerbating pricing pressure. Despite these challenges, demand from the gold mining and electroplating sectors remains strong.
Australia: In Australia, sodium cyanide prices stood at USD 2163/MT in Q2 2025, which remains relatively stable compared to earlier in the year. The demand for sodium cyanide in the Australian gold mining industry, particularly in Western Australia, continues to drive market activity. Australia's reliance on domestic production has allowed it to maintain relatively stable pricing compared to regions heavily reliant on imports.
Brazil: In Brazil, sodium cyanide prices reached USD 2138/MT in Q2 2025, influenced by a combination of supply chain challenges and the country’s dependence on imported ammonia and hydrogen cyanide. While Brazil remains a key player in the global mining sector, particularly for gold and silver, its reliance on imports for critical feedstocks means that regional pricing is vulnerable to fluctuations in the global supply of these materials.
Argentina: Sodium cyanide prices in Argentina were recorded at USD 2456/MT in Q2 2025, reflecting a modest increase compared to Q1 2025. Argentina’s market is heavily influenced by a combination of currency depreciation, logistical disruptions, and energy tariffs, all of which contribute to higher production and transportation costs.

Q2 vs Q1:

Country	Q2 2025	Q1 2025	Q2 vs. Q1 Trends
USA	USD 3066/MT	USD 3030/MT	Prices increased due to rising feedstock costs, higher compliance costs, and logistical disruptions
Thailand	USD 2485/MT	USD 2400/MT	A slight increase in prices, driven by rising import costs and regional shipping delays
Brazil	USD 2138/MT	USD 2080/MT	A minor increase in prices driven by raw material import costs and fluctuating exchange rates
Argentina	USD 2456/MT	USD 2420/MT	A small increase in prices driven by domestic production challenges and supply chain disruptions

Sodium Cyanide Industry Overview:

The global sodium cyanide market was valued at USD 2.73 Billion in 2024, and is projected to reach USD 4.31 Billion by 2033, growing at a CAGR of 4.70% during 2025-2033. Sodium cyanide plays a vital role in the gold and silver extraction process, where it is used in the cyanidation method to separate precious metals from ores. The market for sodium cyanide is closely tied to the performance of the mining sector, particularly in regions rich in gold and silver deposits such as Latin America, Africa, and parts of Asia. As global demand for gold continues to rise, driven by both industrial uses and investor interest, the need for sodium cyanide is expected to remain robust. Additionally, industries such as electroplating and chemical manufacturing, which also utilize sodium cyanide, further support the growing product demand.

Key market drivers for the sodium cyanide industry include the continued expansion of the global gold mining sector, which remains the primary consumer of sodium cyanide, particularly in regions with significant gold reserves. The rising demand for precious metals, driven by both industrial applications and investment purposes, is fueling the need for more efficient gold extraction processes. Additionally, the growing adoption of sodium cyanide in electroplating and chemical manufacturing sectors further enhances market demand.

Recent Market Trends and Industry Analysis:

As environmental regulations become stricter and mining practices evolve, the sodium cyanide market must adapt. Sodium cyanide remains essential in the gold extraction process, particularly in low-grade ore deposits, which are abundant in regions like Latin America and Africa. The production of sodium cyanide depends on key raw materials such as ammonia, hydrogen cyanide, and caustic soda. Price volatility in these materials creates unpredictability in sodium cyanide pricing, impacting both producers and consumers.

Innovations such as the development of more efficient and environmentally friendly cyanidation methods, as well as alternative technologies, may impact the demand for traditional sodium cyanide in the long run. Furthermore, increased awareness of the environmental and health risks associated with sodium cyanide may lead to the adoption of safer and more sustainable alternatives, which influence the overall market dynamics.

Strategic Forecasting and Analysis:

IMARC’s report incorporates forecasting models that project near-term price movements based on evolving trade policies, raw material supply, and technological trends. These tools enable businesses to mitigate risk, enhance sourcing strategies, and support long-term planning.

Key Features of the Report:

Price Charts and Historical Data
FOB and CIF Spot Pricing
Regional Demand-Supply Assessments
Port-Level Price Analysis
Sector-Specific Demand and Supply Insights

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