Dysprosium Price Trend and Forecast

Dysprosium 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 2024

In the first half of 2024, dysprosium prices showed a clear upward trend, influenced by tighter supply conditions and higher domestic pricing in China. The decline in China’s rare earth imports, particularly in heavy rare earth ion-absorbed ores, fueled concerns about a potential supply shortage for medium and heavy rare earth products. This led sellers to hold firm on higher prices, with many refusing to sell at lower rates despite increased demand.
 

Dysprosium Price Chart

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As a result, dysprosium prices steadily rose throughout the period, supported by a rise in inquiries from downstream buyers who were keen to secure supplies amid these supply constraints. The market's focus on securing adequate stock in the face of limited availability and the sustained demand for magnetic applications played a key role in driving the upward price momentum. Overall, the trend in H1'24 was characterized by firm price increases, reflecting the market's response to reduced imports and the ongoing need for dysprosium in various industrial applications.

Analyst Insight

According to Procurement Resource, Dysprosium prices are expected to remain firm in the coming months as well. The market will require serious supply improvements to ease down.
 

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.

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.

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