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Dysprosium Price
The Dysprosium prices and rates shown reflect the standard retail rate for individual investors and is consistent with typical market pricing. For larger orders of dysprosium, whether for investment purposes or industrial use, please get in touch with us to receive a tailored quote. These quotes are obtained from an industry supplier by an API.
Current reference price: $1,023.77/kg
Key Price Drivers
China's Dominance
Over 95% of global dysprosium comes from China. Any export quota changes or disruptions (e.g., unrest in Myanmar) can send prices soaring - or crashing.
Clean Tech Demand
High-performance magnets in EVs, wind turbines, and electronics rely on dysprosium. Massive EV and renewable rollouts push demand sharply higher.
Supply Extraction Challenges
Economically recoverable dysprosium is scarce, and extraction is complex. New projects take years, keeping supply tight even as demand surges.
Limited Substitutes
Dysprosium's unique role in high-temperature magnets makes it hard to replace. Manufacturers can try to use less, but performance trade-offs keep it indispensable.
Dysprosium Price Trends & Forecast
A notable peak in the price of Dysprosium occurred in 2011, when China’s rare earth export curbs sent prices skyrocketing to all-time highs. Prices then retreated significantly and through the late 2010s, prices remained relatively soft amid adequate supply and only modest demand growth.
The landscape began changing in the 2020s. Dysprosium prices were on a steady upward trend for the beginning of the decade before strict export licensing requirements from China on dysprosium saw prices surge.
The cost of Dysprosium now sits at a structurally higher level than in the early 2020s, and the dysprosium market is expected to remain tight and volatile. Demand from magnet manufacturers is strong and growing, while on the supply side China’s export policies continue to introduce uncertainty. Any sign of quota tightening from China can send prices climbing sharply, as seen in early 2025.
Global inventories of dysprosium outside China are limited, so consumers have little buffer. Periods of consolidation or minor pull-backs are possible if, for example, China temporarily boosts export quotas or if economic slowdowns dampen demand.
By the latter half of the decade, dysprosium prices are forecast to strengthen further on the back of structural trends. EV production is projected to multiply annually, and wind turbine installations (especially offshore) are also set to surge – both pointing to significantly higher dysprosium consumption each year. On the supply side, new non-Chinese dysprosium production will still be in its infancy. Projects in Australia, the US, and elsewhere (such as Lynas’s expansion into heavy rare earth separation) are positive developments but will not fully redress the supply imbalance in the short term.
Consequently, many analysts foresee a supply–demand gap emerging in the dysprosium market. For example, industry forecasts indicate a potential dysprosium supply deficit of several thousand tonnes by 2030 if current trends continue, which could propel prices higher.
The era of abundant cheap dysprosium appears to be over. Even with recycling efforts and material efficiency gains (for instance, engineering magnets to use slightly less dysprosium), the sheer scale of clean energy demand is set to keep the market under strain. National stockpiling initiatives – like those of the US and Japan – and the introduction of strategic reserves in various countries may further remove available supply from the open market.