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United StatesQ1 2025
In Q1 2025, dysprosium experienced a notable price decline of $292,460 per metric ton, FOB Shanghai representing a 3.88% decrease. This drop reflects ongoing market corrections following a period of heightened demand and speculative pricing in 2024. The softening demand from key sectors such as electric vehicles and wind turbines, coupled with increased production outputs from major suppliers like China, contributed to the downward pressure on prices. Additionally, global economic uncertainty and inventory adjustments by manufacturers led to reduced procurement activity. Despite the dip, the long-term outlook for dysprosium remains cautiously optimistic due to its strategic role in high-performance magnets and clean energy technologies.
Q4 2024
In Q4 2024, the price of dysprosium experienced a notable decrease of $304,267 per metric ton, FOB Shanghai representing a 6.38% decline. This drop can be attributed to several factors, including weakening demand from key sectors such as electric vehicle (EV) manufacturing and wind turbine production, where dysprosium is used in permanent magnets. Additionally, increased supply from Chinese producers and a buildup of inventory contributed to downward pressure on prices. Geopolitical stability and easing export restrictions may have also played a role in improving supply chains, further influencing the price decline. This shift signals a potential rebalancing of the rare earth market as demand softens, and supply becomes more predictable.
Q3 2024
In Q3 2024, the price of dysprosium experienced a notable decline, decreasing by $325,000 per metric ton, FOB Shanghai representing a 5.34% drop. This downturn likely reflects a combination of softened demand in key sectors such as electric vehicles and high-performance magnets, as well as improved supply stability from major producers like China. Additionally, strategic reserves and ongoing recycling initiatives may have reduced urgency for spot market purchases. This price movement signals potential short-term oversupply or cautious market sentiment, prompting stakeholders to monitor geopolitical developments and technology adoption trends closely in the coming quarters.
Q2 2024
In Q2 2024, dysprosium experienced a notable price decrease of $343,333 per metric ton, FOB Shanghai representing a decline of approximately 4.63%. This drop reflects a combination of factors, including reduced demand from key sectors such as electric vehicles and wind turbines, alongside improved supply chain stability and increased production in China, the dominant global supplier. Additionally, market sentiment has been influenced by ongoing shifts toward alternative magnet technologies that reduce reliance on heavy rare earths like dysprosium. This price movement may signal a short-term correction within a broader trend of cautious optimism about rare earths, as global efforts to diversify supply chains and develop substitutes continue.
Q1 2024
In Q1 2024, dysprosium prices experienced a notable decrease of $360,000 per metric ton, FOB Shanghai which represents a 16.92% drop. This decline could be attributed to a combination of factors, including shifting supply-demand dynamics, potential reductions in production costs, or changes in global market conditions. As dysprosium is a critical rare-earth element used in high-tech applications like magnets, batteries, and electronics, fluctuations in its price can significantly impact industries relying on these materials. The price drop may also reflect broader trends in the rare earth market, where alternative materials or more efficient production methods might be emerging, contributing to a lessened demand for dysprosium. This price change could create both challenges and opportunities for manufacturers, as they adjust to the shifting costs of this essential component.
Q1 2025
In Q1 2025, dysprosium prices in India experienced a decline of $307,691 per metric ton, CIF Nhava Sheva (China) reflecting a 1.33% decrease. This drop aligns with global trends, particularly in China, where the price of dysprosium oxide fell due to reduced downstream demand and market corrections after previous price hikes. India’s market sensitivity to global supply factors is apparent, as it has not yet fully tapped into resources like those in Myanmar, unlike China, which has bolstered its supply by increasing imports. Despite the short-term price dip, the long-term outlook for dysprosium remains strong, with demand expected to rise by 4.9% annually in 2025, driven by its key role in high-performance magnets for electric vehicles and renewable energy technologies. Therefore, while volatility may persist, the overall market fundamentals suggest potential price recovery in the medium term.
Q4 2024
In Q4 2024, India’s dysprosium market witnessed a notable price decrease of $311,835 per metric ton, CIF Nhava Sheva (China) reflecting a 5.26% drop. This decline can be attributed to a combination of subdued demand from the high-tech and clean energy sectors, increased inventory levels, and improved global supply, particularly from major producers like China. Additionally, market sentiment was influenced by broader economic uncertainties and trade policy adjustments, which pressured prices further. The price correction signals a temporary market realignment, but underlying long-term demand for dysprosium in EVs, wind turbines, and defense applications remains strong, suggesting potential stabilization or recovery in the coming quarters.
Q3 2024
In Q3 2024, India’s dysprosium market experienced a notable price decline, with dysprosium oxide prices decreasing by approximately $329,164 per metric ton, CIF Nhava Sheva (China) representing a 4.19% drop. This downturn was influenced by several factors, including weak demand from downstream sectors such as permanent magnet manufacturers, who exhibited cautious purchasing behavior amid economic uncertainties. Additionally, global supply chain dynamics, particularly China’s export restrictions on rare earth elements, contributed to market volatility. Despite these challenges, the Indian market’s exposure to international supply fluctuations and the limited domestic production of dysprosium underscores the need for strategic measures to stabilize prices and ensure a reliable supply for critical industries like electric vehicle manufacturing and renewable energy systems.
Q2 2024
In Q2 2024, dysprosium prices in India experienced a significant decline, with a decrease of $343,544 per metric ton, CIF Nhava Sheva (China) equating to a 3.81% drop. This downturn was influenced by weak terminal demand, leading to cautious trading and reduced purchasing activity among downstream manufacturers. The oversupply of rare earth materials, coupled with a slowdown in new energy vehicle production, further pressured prices. Despite the critical role of dysprosium in high-performance magnets for electric vehicles and renewable energy systems, these factors contributed to the price reduction observed during this period.
Q1 2024
In Q1 2024, the Indian market for dysprosium witnessed a notable price decline, dropping by $357,158 per metric ton, CIF Nhava Sheva (China) representing a 15.85% decrease. This significant downturn can be attributed to a combination of factors including subdued demand from key end-use sectors such as permanent magnets and electric vehicles, increased inventory levels, and easing global supply constraints. Additionally, weak economic sentiment and shifts in China’s rare earth export dynamics may have contributed to the downward pressure on prices. This price correction reflects a recalibration in the market following the elevated prices seen in previous quarters.
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Molecular Weight[g/mol]
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Molecular Formula
Dysprosium is a rare earth metal known for its exceptional magnetic properties, high melting point, and resistance to oxidation. It is primarily sourced from the byproducts of mining rare earth ores and plays a critical role in advanced technologies. Dysprosium is essential in the production of high-performance permanent magnets, particularly in electric vehicles, wind turbines, and advanced electronics. Its unique characteristics make it vital for applications that require strong and stable magnetic fields, contributing to the development of energy-efficient and sustainable technologies.
Packaging Type
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Incoterms Used
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PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Property | Specification |
| Element Symbol | Dy |
| Atomic Number | 66 |
| Standard | ASTM |
| Chemical Purity | 99% |
| Density | 8.54 g/cm³ |
Applications
Aerospace: Dysprosium is used in advanced aircraft and spacecraft components, particularly in high-performance alloys for turbines and jet engines, which need to withstand extreme temperatures.
• Automotive: Dysprosium is a key component in the production of high-strength permanent magnets for electric vehicle (EV) motors, providing better performance and energy efficiency in EV powertrains.
• Construction: Dysprosium is utilized in energy-efficient lighting systems and solar panels, enhancing the performance of light-emitting diodes (LEDs) and photovoltaic materials.
Dysprosium is rare-earth element with distinct properties that make it highly valuable in high-tech applications. Its high magnetic susceptibility and ability to maintain strong magnetic properties at elevated temperatures make it crucial for permanent magnets used in applications such as electric motors, wind turbines, and hard disk drives. Dysprosium’s resistance to demagnetization at high temperatures makes it an essential material for energy-efficient technologies that operate in extreme conditions. Additionally, it is used in various nuclear applications due to its ability to absorb neutrons. Its role in advanced electronics and green technologies, particularly in energy storage and conversion, underscores its importance in the modern technological landscape.
The pricing of Dysprosium is influenced by several factors, including:
i. Supply & Availability
Primary Production: Dysprosium is a rare earth element primarily extracted from bastnasite and other rare earth ores. The supply is limited due to the concentrated nature of its production in countries like China.
Global Reserves: China is the dominant supplier of dysprosium, followed by Australia and the United States. Any geopolitical changes, production limits, or export restrictions from these countries can significantly impact global availability and pricing.
ii. Demand from Key Industries
Permanent Magnets: Dysprosium is crucial for producing high-performance permanent magnets used in electric vehicle motors, wind turbines, and other green technologies.
Aerospace & Defence: Increasing use of dysprosium in military and defence applications, especially for high-temperature-resistant magnets and alloys.
Electric Vehicles (EVs) & Renewable Energy: As demand for EVs and renewable energy technologies grows, so does the need for dysprosium, particularly in permanent magnets for motors.
iii. Purity & Quality
Higher Purity Dysprosium: Dysprosium of higher purity (such as 5N or 6N) commands higher prices because it requires advanced purification and refining processes to remove impurities.
iv. Geopolitical Factors
Export Restrictions/Tariffs: Dysprosium, like other rare earth elements, is significantly influenced by geopolitical tensions. China’s role as the main producer means any export restrictions or trade tariffs can cause price volatility in the global market.
Supply Chain Disruptions: Political factors, such as trade wars or supply chain disruptions in major producing countries, can further affect the price of dysprosium.
v. Market Speculation & Investment Trends
Volatility: Investment interest and market speculation can lead to short-term price volatility. As dysprosium is a critical material for future technologies, investors may drive up prices during times of uncertainty in the market.
vi. Alternative Materials & Substitutes
Research into Substitutes: Efforts to reduce dysprosium usage by finding alternative materials or developing more efficient magnet designs could lower demand. Potential substitutes could include less dysprosium-intensive materials or new magnet technologies that don’t require the element.
vii. Processing & Refinement Costs
Refining Challenges: The refining of dysprosium is energy-intensive and costly, requiring complex separation techniques from other rare earth elements. As energy prices rise, these costs could drive up dysprosium prices.
viii. Currency Exchange Rates
Global Trade Impact: As dysprosium is traded globally, fluctuations in currency exchange rates (USD, EUR, CNY) can affect the market price, especially in terms of how it is priced internationally.
Rising feedstock prices increase the cost of producing dysprosium, leading to higher market prices and potential supply constraints.
Inflation can raise dysprosium prices by increasing mining and energy costs, and boosting demand for technologies like EVs and wind turbines.
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