Dysprosium price December 2024 and outlook (see chart below)
- Northeast Asia:US$296.54/KG, -1.9% down
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Dysprosium price index
This post is a summary of the Dysprosium price developments since 2020
Dysprosium price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
Further information on the Dysprosium price index
What is dysprosium
Dysprosium is a chemical element with the symbol Dy and atomic number 66. It is a rare earth metal that is silver-white in appearance and has a relatively high melting point. Dysprosium is one of the least abundant of the rare earth elements, but it has important uses in a variety of fields, including nuclear reactors, magnets, and lighting. It is also used in the production of high-strength magnets used in electric vehicles and wind turbines. Dysprosium is named after the Greek word “dysprositos,” which means “hard to get at.”
How is dysprosium produced
What is dysprosium used for
Dysprosium has a variety of uses due to its unique properties. Some common uses of dysprosium include:
Nuclear reactors
Dysprosium is used as a control material in nuclear reactors due to its ability to absorb neutrons.
Magnets
Dysprosium is used to make high-strength magnets, which are used in various applications, including electric vehicles, wind turbines, and computer hard drives.
Lighting
Dysprosium is used in lighting applications, including halogen bulbs, fluorescent lamps, and high-intensity discharge lamps.
Glass and ceramics
Dysprosium is used as a dopant in glass and ceramics to improve their thermal and electrical conductivity and other properties.
Data storage
Dysprosium is used as a data storage material in some types of computer memory.
Medical imaging
Dysprosium is used in magnetic resonance imaging (MRI) as a contrast agent to improve image quality.
Overall, dysprosium is an important element for a variety of high-tech applications, and its unique properties make it an essential material in many industries.
How big is the dysprosium market
The global dysprosium market is relatively small compared to other metals, as dysprosium is a rare earth element and is relatively rare in the Earth’s crust. However, it is still an important material for various high-tech applications, and the market for dysprosium is expected to grow in the coming years.
The exact size of the global dysprosium market is difficult to estimate, as prices and demand can fluctuate widely depending on various factors such as supply and demand, production costs, and geopolitical factors. However, according to a report by Allied Market Research, the global dysprosium market was valued at approximately $88.6 million in 2019 and is expected to reach $151.9 million by 2027, growing at a CAGR of 7.0% from 2020 to 2027.
Factors such as increasing demand for high-strength magnets in various industries, including automotive and wind energy, are expected to drive the growth of the dysprosium market in the coming years.
Further information
- Wikipedia for general, history, production and usage information
- PubChem for chemistry and property information
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