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Dysprosium Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Dysprosium in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Dysprosium Price Trend for the First Half of 2023

The first two quarters of 2023 witnessed a gradual decline in the prices of dysprosium as the overall market of rare earth elements followed a bearish trend. The primary driver of this southward trajectory of dysprosium prices was the imbalance between supply and demand. The new mining projects, especially in Australia and India, increased the influx of products in the global markets; the demand, however, is falling short to cater to this sudden rise in supply.

Dysprosium Price Trends

In addition to this, the export ban on rare earth elements created significant complications in US markets and global supply chains. Moreover, the demand for Dysprosium failed to keep pace with the abundant supply available in the market. Additionally, the price trend of Dysprosium was further influenced by fluctuations in the rate of consumption by the electric vehicle industry. Along with Dysprosium, numerous other rare earth elements faced substantial challenges during the first and second quarters of 2023.

Analyst Insight

According to Procurement Resource, the price of Dysprosium is expected to be influenced by the number of inquiries from the automotive and renewable energy sectors and uncertain equilibria between supply and demand.

Procurement Resource provides latest prices of Dysprosium. 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.

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About

Dysprosium is known as a chemical element. It is one of the rare elements with a metallic silver luster. It is found in numerous minerals, like xenotime. Naturally occurring dysprosium is made of 7 isotopes, the most abundant of which is 164Dy. It is widely utilised for its high thermal-neutron absorption cross-section in making control rods in nuclear reactors for the high magnet susceptibility of reactor.

Product Details

Report Features Details
Product Name Dysprosium
Chemical Formula Dy
Industrial Uses Medium source rare-earth lamps (MSRs), Alloys for neodymium-based magnets, Nuclear reactor control rods
Molecular Weight 162.5 g/mol
Synonyms 7429-91-6, Dysprosium Metal
Supplier Database American Elements, Northern Minerals Limited, Ucore Rare Metals Inc.
Region/Countries Covered 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
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Process

  • Production of Dysprosium via Extraction from Monazite Sand.

It is derived mainly from monazite sand via ion exchange process and solvent extraction process. Another way of extracting Dysprosium is via reduction of dysprosium trifluoride with calcium.

Methodology

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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Subscribe to Unlock Access

  • Price Across Multiple Locations
  • Market Insights
  • Download Data in Excel Format
  • Short Term Price Forecasts
  • Prices of More than 400 Commodities and Utilities

Get in Touch With Us

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UNITED STATES

Phone:+1 307 363 1045

flag
INDIA

Phone: +91 1203185500

flag
UNITED KINGDOM

Phone: +44 7537 132103

Email: sales@procurementresource.com

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