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 Second Half of 2023

Dysprosium prices were observed to be oscillating throughout the last two quarters of 2023. The beginning of the third quarter was very disappointing as the prices observed record lows during this time. The Chinese rare earth metal industry was witnessing a massive supply surplus after a long time.

Dysprosium Price Chart

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The imports from Myanmar were also adding to the dysprosium inventories. Apart from this, a very dull demand outlook was also unable to aid the global dysprosium market. However, as the news of Myanmar’s customs closure started surfacing around mid-November, some stabilization was seen in the dysprosium prices.

The shutdown of some separation plants for maintenance purposes further provided some upstream restrictions. So, because the demands maintained slumping patterns, not many significant alterations were seen in the price trend; however, with supplies limiting, a little flattening of the price graph was observed in the later months of Q4.

Analyst Insight

According to Procurement Resource, given the current supply and demand dynamic, the Dysprosium price trends are likely to remain downward wavering in the coming months.

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.

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.