Investing

Investing in Dysprosium

The investment landscape for Dysprosium offers 3 primary vehicles for exposure, ranging from equities of mining and processing companies to ETFs and commodity instruments. With prices currently around 900-935 $/kg oxide, the Dysprosium market reflects both structural demand growth and ongoing supply chain challenges.

Investment Vehicles

Key investment vehicles providing exposure to Dysprosium:

Key Companies

The Dysprosium value chain includes these publicly listed and major private companies:

Market Drivers

Dysprosium investment performance is driven by demand growth in neodymium-iron-boron permanent magnets and nuclear reactor control rods, supply concentration in China (98% share), new project development timelines, and government policies including export restrictions and strategic stockpiling programs.

Risk Factors

Investing in Dysprosium carries risks including commodity price volatility (see price history below), geopolitical risk in producing regions, regulatory uncertainty, and potential substitution. The high supply risk can create both opportunities from supply-driven price spikes and risks from sudden policy interventions.

Recent Price History

Dysprosium experienced a dramatic price surge through 2025, climbing from approximately $280-350/kg in early 2024 to over $930/kg by early 2026. The rally was driven by a confluence of factors: Myanmar's Kachin State - a major source of heavy rare earth ionic clay ores - faced continued mining disruptions due to armed conflict and Chinese border controls. Simultaneously, demand for dysprosium intensified as EV traction motors require dysprosium-doped NdFeB magnets to maintain performance at high operating temperatures. China's consolidation of rare earth production quotas and tighter export licensing further constrained supply. Dysprosium remains one of the most supply-critical elements in the clean energy transition, with no effective substitute for its role in high-temperature magnet applications.