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Dysprosium Iron Alloy Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Dysprosium Iron Alloy in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Dysprosium Iron Alloy Price Trend for Second Half of 2023
Dysprosium iron alloy is critical in high-performance magnet production, particularly in industries like automotive, wind energy, and electronics. Its unique magnetic properties, including high coercivity and thermal stability, make it indispensable in applications requiring strong and reliable magnets. The increasing demand for electric vehicles, wind turbines, and electronic devices fuels the need for dysprosium iron alloy, as it enhances the efficiency and performance of motors and generators.
The global transition to zero-carbon energy and transportation drove the demand for rare earth elements and their alloys, such as dysprosium iron alloy, which possess strong magnetic properties essential for EV motors, wind turbines, and high-tech devices. This demand led to an oversupply of other REEs, leading to a disparity in prices and market dynamics during the third and fourth quarters of 2023. Companies like Stellantis, therefore, became stagnant in securing the supplies of magnet REEs for their EV production while scientists and engineers explored innovative uses for oversupplied REEs.
Projects funded by the U.S. Department of Energy, on the other hand, focused on developing advanced alloys and technologies that utilize abundant REEs with an aim to balance the rare earth market. Thus, the price trend of dysprosium iron alloy inclined during the initial phase of H2 of 2023, but soon was burdened by the problem of excessive availability and thus declined by the end of the year.
According to Procurement Resource, the price trend of Dysprosium Iron Alloy is estimated to showcase limited growth as the present level of inventories is sufficient to cater to the projected demand of near future quarters.
Dysprosium Iron Alloy Price Trend for the First Half of 2023
Dysprosium Iron Alloy is sourced from Dysprosium Oxide and fluorochemicals like CFCs (Chloro Fluro Carbons), so the Dysprosium Iron Alloy price trend closely follow that of its feedstocks. Prices plummeted throughout the first quarter as the downstream demands from metallurgical and magnet industries were negligible because of high inventory stocks.
As the second quarter approached, the Dysprosium Iron Alloy prices continued to decline, but the pace of decline started getting slower, and the steepness of the price curve started decreasing until mid-Q2. In June’23, the price trend started showing reverse oscillations, and the prices started rising as the demands finally started picking up the pace. The revival of manufacturing activities in China was the major reason for the rise in demand. After a long period of demand destruction, the market ultimately strived for stability.
According to Procurement Resource, the Dysprosium Iron Alloy prices are expected to continue fluctuating within a narrow range, as the demands from downstream industries are going to drive the market fundamentals. The demand is projected to be in equilibrium with the supplies ensuring market stability, at least for some time.
Procurement Resource provides latest prices of Dysprosium Iron Alloy. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Dysprosium iron alloy is a rare material composed of dysprosium and iron. It is a grey metallic solid found in different forms, such as sheets, discs, foils and ingots. It finds applications in grain refining, hardening and making alloys more ductile.
|Dysprosium Iron Alloy
|Permanent magnet alloys, smelting additives, grain refining, hardening and improving alloy performance
|dysprosium ferroalloy, ferro dysprosium, ferro dysprosium, Dysprosium-iron
|China Southern Rare Earth Group Co., Ltd., Xiamen Tungsten, China Minmetals Rare Earth Co.,Ltd., Inner Mongolia Baotou Steel Rare-Earth, Guangsheng Nonferrous, Ganzhou Qiandong Rare Earth Group, Ganzhou Goring Hightech Material, Guangxi Hezhou Jin Guang Rare-earth, Heli Rare Earth.
|Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|US$ (Data can also be provided in local currency)
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Dysprosium iron alloy is produced by the molten salt electrolysis method, where dysprosium oxide is mixed with a fluorochemical melt at very high temperatures and in the presence of a DC electric field leading to the separation of Dysprosium (III) on the iron cathode forming the Dysprosium -iron alloy.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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Phone:+1 307 363 1045
Phone: +91 1203185500
Phone: +44 7537 132103