This market resolves YES if APR (ammonium perrhenate) Rotterdam price exceeds 8000 USD/kg on October 31, 2026.

What is being measured: Ammonium perrhenate (APR) catalytic-grade spot price, in-warehouse Rotterdam, USD/kg, on or nearest to October 31, 2026.

YES if: APR Rotterdam price >= 8000 USD/kg on October 31, 2026 NO if: APR Rotterdam price < 8000 USD/kg on October 31, 2026

Resolution sources (priority order):

Fastmarkets — rhenium ammonium perrhenate, in-whs dup Rotterdam (MB-RE-0001)

Metal Bulletin rhenium APR price assessment

USGS Mineral Commodity Summaries — rhenium APR annual average price (annual reference)