Understanding the Dynamics of Dysprosium Oxide Prices: Index, Historical Chart, Trend, and Forecast

Dysprosium Oxide (Dy2O3) is a chemical compound that is slightly hygroscopic in nature. It is commonly known as Dysprosia, a pale-yellow or white chemical powder with a chemical composition comprising two dysprosium atoms and three oxygen atoms. Dysprosium is a rare earth metal found in minerals, namely, monazite and bastnaesite.

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The melting point of the compound measures around 2408° C, exhibiting insolubility in the water while being soluble in acid. Industrial applications such as metal halide lamps, ceramics, glasses, lasers, rotators, etc., uses the metal oxide compound in their manufacturing processes.

India, Vietnam, and Oman are the key importing countries for Dysprosium Oxide. On the other hand, the primary exporting countries are the United Kingdom, the United States, and India.

Key Details About the Dysprosium Oxide Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the dysprosium oxide price forecast in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Dysprosium Oxide Price chart, including India Dysprosium Oxide price, USA Dysprosium Oxide price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Dysprosium Oxide Price Trend:

Dysprosium oxide is a rare earth compound that finds significant application in various industrial sectors, particularly in the production of high-strength permanent magnets used in motors and generators. The price trend of dysprosium oxide can be heavily influenced by several industrial uses and market dynamics. Here are some key factors impacting its price trend:

1. Demand from the Electronics Industry: Dysprosium oxide is used in the manufacturing of electronics, particularly in capacitors, lasers, and compact discs. The demand for dysprosium oxide in electronics can significantly affect its price trend, especially with the growing consumption of electronic devices globally.
2. Green Technologies: Dysprosium oxide is essential in the production of high-performance magnets used in wind turbines and electric vehicles. With the increasing focus on renewable energy and the transition towards electric vehicles, the demand for dysprosium oxide is expected to rise, impacting its price trend accordingly.
3. Military Applications: Dysprosium oxide is also used in defense technologies, such as guidance systems, radar, and sonar equipment. Any fluctuations in military spending or geopolitical tensions can influence the demand for dysprosium oxide and subsequently its price.
4. Supply Constraints: Dysprosium is considered one of the critical rare earth elements due to its limited global supply and the challenges associated with its extraction and processing. Any disruptions in the supply chain, geopolitical issues affecting production, or changes in export policies from major producing countries like China can lead to fluctuations in dysprosium oxide prices.
5. Substitution and Recycling: Efforts to find substitutes for dysprosium in magnet production or to recycle dysprosium-containing products can affect its demand and price trend. Technological advancements that reduce the reliance on dysprosium or improve recycling efficiency may mitigate price volatility to some extent.
6. Investor Speculation: Like other rare earth elements, dysprosium oxide prices can also be influenced by investor speculation and market sentiment. Changes in macroeconomic factors, currency fluctuations, and investor perceptions about future demand trends can impact dysprosium oxide prices in the short term.

Overall, the price trend of dysprosium oxide is subject to a complex interplay of industrial demand, technological advancements, supply chain dynamics, and market speculation. Understanding these factors is essential for stakeholders in the rare earth industry to make informed decisions regarding investment, production, and procurement strategies.

Key Players:

Dysprosium oxide, a compound composed of dysprosium and oxygen, is an essential material in various technological applications, especially in the production of high-performance magnets like neodymium-iron-boron magnets (NdFeB). The key players in the dysprosium oxide market typically include:

1. Lynas Corporation Limited: Lynas is one of the largest producers of rare earth elements (REEs) outside of China. The company operates the Mount Weld mine in Australia, which is one of the richest sources of rare earth minerals globally. Lynas is a significant player in the dysprosium market, producing dysprosium as a byproduct of its rare earth mining operations.
2. China Northern Rare Earth Group High-Tech Co., Ltd.: China Northern Rare Earth Group is one of the major state-owned enterprises in China involved in the mining, refining, and distribution of rare earth elements. Dysprosium oxide is among the products they produce, as China is the dominant player in the global rare earth market.
3. Great Western Minerals Group Ltd.: Great Western Minerals Group is a Canadian-based company with operations focused on rare earth exploration, mining, and production. The company’s Steenkampskraal mine in South Africa is known for its high concentrations of heavy rare earth elements, including dysprosium.
4. Arafura Resources Limited: Arafura Resources is an Australian-based company engaged in the exploration and development of rare earth deposits. They are working on the Nolans Bore project in the Northern Territory of Australia, which has significant dysprosium resources.
5. Alkane Resources Ltd.: Alkane Resources is an Australian mining company with operations in rare earths and gold. Their Dubbo Project in New South Wales, Australia, aims to produce a range of rare earth products, including dysprosium oxide.
6. Neo Performance Materials Inc.: Neo Performance Materials is a global leader in the production of rare earth and rare metal-based materials. They are involved in the refining, alloying, and fabrication of rare earth products, including those containing dysprosium oxide.
7. Molycorp (formerly): Molycorp was a major player in the rare earth market before it filed for bankruptcy in 2015. At its peak, it operated the Mountain Pass mine in California, which was one of the largest sources of rare earth elements outside of China. While it’s not currently operational, its historical significance in the dysprosium market cannot be overlooked.

These companies represent some of the key players in the dysprosium oxide market, but it’s worth noting that market dynamics can change due to various factors such as regulatory changes, technological advancements, and shifts in global supply chains.

News & Recent Development

• Date: June 19, 2023-An Australian company, Ionic Rare Earth (IonicRE), has begun the production of rare earth oxides, including neodymium sesquioxide and Dysprosium Oxide at Belfast, UK

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