Dysprosium Oxide Price Trend and Forecast

Dysprosium Oxide Regional Price Overview

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

Dysprosium Oxide Price Trend for the Second Half of 2023

Dysprosium oxide prices were observed to be fluctuating during the last six months of the year 2023. In July dysprosium oxide prices fell slightly along with some other rare metal oxides in the biggest exporting market of China as the demands weakened globally and the supplies kept piling up. The trading and operating rate of magnetic material enterprise generally reduced which primarily pushed the dysprosium oxide demands down.
 

Dysprosium Oxide Price Chart

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However, as the fourth quarter began, marginal improvements were seen in the dysprosium oxide markets. Despite the news about Myanmar’s customs closure and some maintenance shutdowns, the supplies got a little restricted during this time, which primarily caused this normalization of prices. Overall, a dull market performance was witnessed in H2’23.

Analyst insight

According to Procurement Resource, Dysprosium Oxide price trends are likely to continue to waver low in the coming months since the demands do not seem to be picking up anytime soon.
 

Dysprosium Oxide Price Trend for the First Half of 2023

Dysprosium oxide is widely renowned for its high refractive index and thus is used in optical lenses and imaging devices. It is also a crucial component of high-strength magnets that are popularly used in electric vehicles and wind turbines. In electronics, it is employed in the production of capacitors and data storage devices, and thus, its price trend is dictated by the market activities of EVs and magnets.

In global markets, the prices of dysprosium oxide fluctuated as the shortage of mine-produced dysprosium proved to be a challenge in the fields of automobiles and magnets. Further, China banned the exports of rare earth metals to support its domestic markets, which, in turn, elevated the problem of a supply crunch of dysprosium oxide.

From the demand perspective, there was only a marginal incline in the procurement of dysprosium oxide from the automotive sectors due to the weak supply. The permanent magnets sector performed better than the automotive industries and was a significant driver of the price trend of dysprosium oxide.

Analyst Insight

According to Procurement Resource, the price of Dysprosium Oxide is estimated to oscillate as the demand from the end-user sectors seems to be stable, but the supply of dysprosium oxide is likely to remain poor, negatively impacting the market.

Procurement Resource provides latest prices of Dysprosium Oxide. 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.