Price

Dysprosium Pricing and Market Data

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.

Pricing Mechanisms

Dysprosium is priced using benchmarks from Asian Metals/Shanghai Metals Market. Dysprosium pricing operates through a combination of exchange-based benchmarks, price reporting agency assessments, bilateral negotiation, and long-term offtake contracts. The specific mechanism depends on product form, grade, and the buyer-seller relationship.

Price History and Notable Market Events

The Dysprosium market has been shaped by the following key events:

Price Drivers

Key factors influencing Dysprosium prices include production levels in China (98% of global supply), demand from neodymium-iron-boron permanent magnets and nuclear reactor control rods, inventory levels, energy costs, and government policy actions such as export restrictions or strategic stockpiling.

Spot vs. Contract Pricing

The Dysprosium market features both spot transactions and longer-term contracts. Spot prices reflect current conditions and are more volatile, while multi-year offtake agreements provide supply security for both producers and consumers. Current spot pricing is in the range of 900-935 $/kg oxide.