Dysprosium Iron Alloy Price Trend and Forecast

Dysprosium Iron Alloy Regional Price Overview

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 the First Half of 2024

In the first half of 2024, Dysprosium Iron Alloy (Ferro-Dysprosium) experienced a notable upward price trend, mirroring the overall increase in dysprosium prices. This rise was driven by tighter supply conditions and strong demand from key industries such as electric vehicles, wind turbines, and advanced electronics, where the alloy is crucial for producing high-performance) magnets. As China, the dominant producer and exporter of rare earth elements, saw a reduction in rare earth imports, particularly heavy rare earth ion-absorbed ores, concerns over supply shortages intensified.
 

Dysprosium Iron Alloy Price Chart

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These concerns led to more bullish market sentiment, with sellers maintaining higher price levels amidst expectations of continued demand growth. The industrial significance of Dysprosium Iron Alloy—its ability to enhance the coercivity and thermal stability of magnets, making them suitable for high-temperature applications—ensured its continued demand from manufacturers seeking to improve the performance and reliability of their products. Overall, the price trend for Dysprosium Iron Alloy in H1'24 was characterized by firm upward momentum, reflecting the impact of constrained supply chains on its market behavior.

Analyst Insight

According to Procurement Resource, no relief in the current market situation in the near future, the supply constraints will take time to get better. Therefore, the prices are likely to remain inclined.
 

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.

Analyst Insight

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.

Analyst insight

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.