Dysprosium Prices

Dysprosium Prices December 2023

The price of dysprosium in the USA for Q4 2023 reached 321385 USD/MT in December.
In China, the dysprosium price reached 276112 USD/MT during the fourth quarter of 2023.

Dysprosium Price Trend, Market Analysis, and News

IMARC's latest publication, “Dysprosium Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the dysprosium market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of dysprosium at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed dysprosium price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting dysprosium pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Dysprosium Market Analysis

The global dysprosium market size reached 2.67 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach 3.24 Thousand Tons, at a projected CAGR of 2.20% during 2023-2032.

• In the production of neodymium-iron-boron (NdFeB) magnets, which is a precursor in electric vehicles (EVs) and wind turbines, dysprosium plays a crucial role. The demand for dysprosium is increasing as the economy shifts to a low-carbon model and a greater emphasis is placed on greener transportation and energy producing methods.
• The production of dysprosium is further reinforced by ongoing research and development (R&D) activities to reduce dysprosium content in magnets. These activities are further responsible for the maintaining its performance to mitigate supply chain risks and lower production costs.
• The market share is expanding on account of innovations in recycling technologies for reusing dysprosium. This will lower the reliance on primary production and enhance resource sustainability. To enhance the efficiency and performance of dysprosium, continuous improvements in manufacturing processes and magnet design is important.
• In the healthcare sector, dysprosium plays a vital role in cancer treatment. Dysprosium is critical in targeted therapy approaches because dysprosium-containing drugs are used to selectively deliver radiation to cancer cells. According to an article published on the website of the World Health Organization (WHO), 35 million additional cancer cases are expected by 2050.
• The dysprosium demand is amplified by environmental regulations implemented by the governing agencies of several countries to reduce greenhouse gas emissions and promote sustainable practices. They are also focusing on rare earth element (REE) and processing projects, which is also increasing the adoption of dysprosium-intensive technologies.
• Dysprosium is increasingly popular due to its employment in the production of high-performance neodymium-iron-boron (NdFeB) magnets. Dysprosium assists in enhancing coercivity and temperature stability of magnets, which make them highly valuable in electric vehicle (EV) motors.
• According to the IMARC Group’s report, the global LED lighting market reached US$ 83.2 Billion in 2023. Phosphorus used in LEDs, which provide white light essential for energy-efficient lighting can be produced with the help of dysprosium. As the application of LEDs is increasing in the residential, commercial, and industrial sector, there is a rise in the demand for dysprosium worldwide.

Dysprosium News

The report covers the latest developments, updates, and trends impacting the price of dysprosium, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the dysprosium price trend.

Latest developments in the dysprosium industry:

• In 2024, Arafura Rare Earths announced that it had secured up to $300 million in debt financing from Export Development Canada (EDC) for its Nolan Project in Australia's Northern Territory.
• In 2024, Fastmarkets announced the rollout of the next phase in its rare earth prices to improve the transparency of rare earth magnet supply chains.
   

Product Description

Dysprosium is a chemical element with the symbol Dy and the atomic number 66. It is classified as a lanthanide in the periodic table, with a silvery-white color and a high melting point. It is known for its remarkable magnetic characteristics, which make it an essential component in a variety of high-tech applications.

One of its principal applications is in the creation of neodymium-based magnets, where dysprosium improves the material's resistance to demagnetization at high temperatures, making these magnets critical in the fabrication of wind turbines, EVs, and other modern electronics. It is also employed in the manufacturing of laser materials and commercial lighting due to its propensity to emit brilliant light.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the dysprosium price trend.

Global Dysprosium Price

The report offers a holistic view of the global dysprosium pricing trends in the form of dysprosium price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of dysprosium, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed dysprosium demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Dysprosium Price

European dysprosium prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

Detailed price information for dysprosium can also be provided for an extensive list of European countries.

North America Dysprosium Price

The analysis of dysprosium prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.

Specific dysprosium historical data within the United States and Canada can also be provided.

Middle East and Africa Dysprosium Price

The report explores the dysprosium pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Dysprosium Price

The dysprosium pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This dysprosium price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Dysprosium Price

The analysis of dysprosium prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of dysprosium pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting dysprosium price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The dysprosium price charts ensure our clients remain at the forefront of the industry.