Dysprosium Metal Ingot Market Size, Production, Average Price and Trends Analysis, till 2030

Dysprosium Metal Ingot Market Size is estimated to be 210 million in 2025 and is expected to grow at an average yearly rate of around 7.3% during the timeframe (2025-2030).

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The research and analytics firm Datavagyanik released the updated version of its report on "Dysprosium Metal Ingot Market - Detailed Analysis, Business Opportunities and Forecasts".

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Dysprosium Metal Ingot price trend in 2024 vs 2025

Dysprosium is a rare earth metal that plays a crucial role in the production of high-performance magnets used in electric vehicles (EVs), wind turbines, aerospace components, and various high-tech applications. Given its strategic importance and limited global supply, the price trend for dysprosium metal ingots is influenced by several factors including global demand, mining capacity, supply chain dynamics, and geopolitical influences. As we approach 2024 and 2025, the price of dysprosium metal ingots is expected to exhibit certain trends due to shifts in these variables.
Dysprosium Price Trend in 2024
Increased Demand from Green Energy and Electric Vehicles
• Electric Vehicle (EV) Production: As the automotive industry continues to shift towards electric mobility, the demand for dysprosium is expected to rise significantly. Dysprosium is an essential component in the neodymium-iron-boron (NdFeB) magnets used in EV motors. Increased EV production and the rising adoption of green energy technologies will drive the demand for dysprosium ingots in 2024.
• Wind Energy Growth: The global push for renewable energy, particularly wind power, also contributes to dysprosium's demand. High-performance magnets used in direct-drive wind turbines require dysprosium for enhanced efficiency and thermal stability.
As a result of this heightened demand, the price of dysprosium metal ingots is likely to experience upward pressure in 2024, as suppliers face challenges in meeting the growing global demand.
Supply Chain Constraints
• Limited Global Production: China, which controls over 60% of global rare earth production, remains the dominant supplier of dysprosium. However, as supply chain challenges persist-particularly in China due to environmental restrictions on mining and production-prices are expected to increase in the short term. These supply limitations may hinder the ability of manufacturers to meet global demand, further escalating prices.
• Geopolitical Factors: Trade tensions and geopolitical uncertainty-especially between the U.S. and China-could result in fluctuations in supply availability. In the event of disruptions to supply lines, prices could rise further due to scarcity.
Given these supply constraints and growing demand, dysprosium ingot prices in 2024 are expected to see modest price increases compared to 2023.
Environmental and Regulatory Considerations
• Sustainability Pressures: Environmental concerns and regulatory changes related to mining activities could lead to higher production costs, especially in regions with stricter environmental laws. These regulations may further impact the price of dysprosium, as producers may need to invest more in sustainable mining practices and recycling technologies.
Dysprosium Price Trend in 2025
Further Growth in EV and Renewable Energy Demand
By 2025, electric vehicle production is expected to accelerate further, especially as major automakers ramp up their EV offerings in line with regulatory mandates on carbon emissions. Additionally, the global wind energy sector will continue its expansion. As these sectors grow, the demand for high-performance magnets containing dysprosium will likely increase, continuing the upward trend in prices.
The growing demand for high-efficiency motors in various industrial applications, including aerospace and defense, will also contribute to increased dysprosium consumption.
Increased Global Mining and Refining Capacity
Over the next few years, efforts to diversify the rare earth supply chain outside of China will result in new projects in countries like Australia, Canada, and the U.S. These efforts are expected to help mitigate the supply constraints seen in 2024. With the opening of new dysprosium production facilities and refining technologies, global supply may increase, providing some relief to rising prices.
However, it will take time to ramp up these operations, and producers will likely face challenges in meeting the exponential demand from industries like electric vehicles and renewable energy. In 2025, prices may stabilize somewhat as new projects come online, but they will still be higher than in previous years due to the increasing demand.
Potential Market Fluctuations
• Price Volatility: The price of dysprosium is highly susceptible to market volatility, driven by fluctuations in rare earth mining output, changes in government policies, and shifting demand patterns. If China, for example, decides to impose stricter export controls or reduces mining output, dysprosium prices could experience sharp increases.
• Recycling and Substitution: As the rare earth metals market matures, there may be more initiatives around recycling dysprosium-containing materials from used magnets or electronic devices. These efforts could help stabilize prices in 2025, though the impact on supply is expected to be gradual.

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Important target segments driving the demand for Dysprosium Metal Ingot Market

Dysprosium, a rare earth metal, is primarily used in the manufacturing of high-performance magnets that are crucial for several advanced technologies. The demand for dysprosium metal ingots is driven by the growth in key sectors such as electric vehicles (EVs), renewable energy, aerospace, electronics, and defense. Dysprosium's unique properties, such as its ability to withstand high temperatures and maintain magnetic properties, make it indispensable in these industries. Below are the primary target segments driving the demand for dysprosium metal ingots:
Electric Vehicle (EV) Industry
The electric vehicle (EV) market is one of the largest drivers of dysprosium demand. Dysprosium is a critical component in neodymium-iron-boron (NdFeB) magnets, which are used in electric motors that power EVs. As the automotive industry increasingly shifts from internal combustion engines to electric powertrains, the demand for high-performance magnets, which rely heavily on dysprosium for their high thermal stability and durability, is on the rise.
• Growth of EV Production: Global EV sales are projected to grow exponentially as countries tighten emission standards and push for a cleaner transportation future. This is expected to fuel the demand for dysprosium as EV manufacturers require high-performance magnets for efficient motor operations.
• Longer Battery Life and Efficiency: Dysprosium's role in enhancing the performance and thermal stability of magnets is essential for improving the efficiency and lifespan of electric vehicle batteries and motors.
Renewable Energy Sector
The renewable energy sector, particularly wind power, is another significant driver of dysprosium demand. Dysprosium is used in the production of high-strength magnets for direct-drive wind turbines, which are more efficient and require less maintenance than traditional turbines.
• Expansion of Wind Energy: With the growing emphasis on green energy and the transition away from fossil fuels, the demand for wind turbines is expected to increase globally. These turbines require high-performance magnets made with dysprosium to operate effectively at low speeds and generate high power output.
• Global Wind Energy Installations: As wind energy capacity expands, the need for dysprosium-based magnets in turbines will continue to grow, particularly in the offshore wind farm market, where direct-drive turbines are favored.
Aerospace and Defense
Dysprosium's high-temperature stability and ability to retain magnetic properties under extreme conditions make it highly valuable in the aerospace and defense industries.
• Aerospace Applications: Jet engines, actuators, and control systems in aerospace require magnetic materials that can withstand extreme temperatures and high-stress environments. Dysprosium is vital for these applications due to its ability to perform well under such conditions.
• Defense Industry: The defense sector also heavily relies on high-performance magnets for guidance systems, missiles, radar systems, and communications equipment. The strategic importance of dysprosium for defense technologies ensures its continued demand.
Electronics Industry
Dysprosium is used in various electronic devices, including hard disk drives (HDDs), smartphones, tablet computers, and flat-screen TVs, where it contributes to the high-performance magnetic storage systems.
• Miniaturization and Performance: As electronic devices continue to shrink in size while increasing in performance, the demand for dysprosium-based magnets to maintain strong magnetic fields in compact forms grows. Dysprosium enables manufacturers to produce high-density storage systems required for modern electronics.
• Consumer Electronics: Dysprosium's application in permanent magnets and data storage systems drives its demand in consumer electronics. The growing global demand for devices like smartphones, laptops, and TVs further boosts the need for dysprosium.
Automotive Industry (Beyond EVs)
While electric vehicles are the primary driver, other segments of the automotive industry, particularly hybrid vehicles, also require dysprosium for the production of high-efficiency magnets used in traction motors and energy recovery systems.
• Hybrid Electric Vehicles (HEVs): Dysprosium is used in both hybrid and electric vehicles for high-efficiency electric motors, and with the increasing adoption of hybrid vehicles as a transitional technology, dysprosium demand is likely to remain high.
• Energy Recovery Systems: Energy regeneration systems in vehicles, such as regenerative braking systems, require magnets that rely on dysprosium for their high-performance properties.
High-Tech and Emerging Technologies
Dysprosium is increasingly being used in cutting-edge technologies like laser systems, sensors, medical devices, and quantum computing.
• Laser Systems: Dysprosium-doped lasers are used in various industrial applications, including medical diagnostics and communication systems, further driving its demand.
• Emerging Technologies: As new technologies like quantum computing and next-gen sensors emerge, dysprosium's role in magnetic and electronic applications will expand. The need for high-precision materials in these fields is set to increase dysprosium consumption.
Recycling and Reprocessing Industry
As demand for dysprosium increases, the recycling and reprocessing of dysprosium from old magnets and electronic waste becomes a more crucial segment. This process not only helps address supply constraints but also supports the sustainability goals of industries relying on rare earth metals.
• Circular Economy: Companies are investing in recycling technologies to recover dysprosium from used magnets and electronics to meet growing demand without having to rely solely on mining.
Key Players in Dysprosium Metal Ingot Production

The production of dysprosium metal ingots is a highly specialized process, driven by the demands of industries such as electric vehicles (EVs), wind energy, aerospace, and electronics. Dysprosium, as a rare earth metal, is primarily produced through mining operations and refining processes, which require advanced technologies and significant investments. A few key players dominate the global dysprosium production landscape, with China maintaining its position as the largest producer. These players play a vital role in meeting the increasing demand for dysprosium ingots, which are essential for high-performance magnets and other critical applications.
1. China Northern Rare Earth Group High-Tech Co. Ltd.
• Market Position: As the largest global producer of rare earth metals, China Northern Rare Earth Group High-Tech Co. Ltd. holds a dominant position in dysprosium production. The company operates mines, refining plants, and separation facilities, giving it control over the entire supply chain.
• Production Capabilities: China Northern Rare Earth's dysprosium production is integrated across multiple stages, from extraction to separation and refining. It sources dysprosium primarily from light rare earth elements (LREEs), where the metal is often found in combination with neodymium and praseodymium.
• Market Influence: As China is the largest producer and consumer of rare earths, China Northern Rare Earth Group plays a pivotal role in the global supply of dysprosium ingots, significantly influencing prices, supply levels, and market stability. The company also benefits from the support of the Chinese government, which prioritizes rare earth supply security.
2. Lynas Corporation Limited
• Market Position: Based in Australia, Lynas Corporation is one of the few non-Chinese companies capable of producing and supplying rare earths, including dysprosium. The company has been expanding its presence in the global market due to the rising demand for dysprosium and other rare earth elements.
• Production Capabilities: Lynas operates the Lynas Advanced Materials Plant (LAMP) in Malaysia, where it processes rare earth elements sourced from its Mt. Weld mine in Australia. Lynas produces dysprosium as part of its separation and refining processes, and it is one of the primary suppliers of dysprosium outside of China.
• Market Influence: As the largest producer of rare earths outside China, Lynas is positioned to play a significant role in meeting the growing demand for dysprosium. The company's operations are critical to diversifying the global supply chain and reducing reliance on China.
3. MP Materials Corp.
• Market Position: MP Materials, based in the United States, is a key player in the production of rare earth materials, including dysprosium. The company owns and operates the Mountain Pass mine in California, which is the largest rare earth mine in the United States.
• Production Capabilities: MP Materials focuses on extracting and processing rare earth concentrates from its Mountain Pass mine, which contains a significant amount of dysprosium. The company plans to expand its capabilities to produce more value-added rare earth products, including dysprosium.
• Market Influence: MP Materials is critical to reducing U.S. dependence on China for rare earth elements, including dysprosium. By focusing on the re-establishment of domestic supply chains, the company plays an important role in the global market, particularly in the context of geopolitical tensions and national security concerns surrounding rare earth supplies.
4. Shenzhen Chuanyuan High-Tech Rare Earth Co., Ltd.
• Market Position: Located in China, Shenzhen Chuanyuan High-Tech Rare Earth Co., Ltd. is another important player in the production of dysprosium. The company is involved in the separation, refining, and manufacturing of rare earth products, including dysprosium.
• Production Capabilities: The company has a strong focus on the research and development of rare earth separation technologies and new applications for rare earth elements. Shenzhen Chuanyuan specializes in high-purity dysprosium and other rare earth products used in high-tech industries.
• Market Influence: The company's advanced technologies and production scale make it a significant contributor to the global supply of dysprosium, particularly for high-end industrial applications such as magnets for electric motors and wind turbines.
5. Japan Metals & Chemicals Co. Ltd.
• Market Position: Japan Metals & Chemicals Co., based in Japan, is another important player in the global rare earth production market. The company specializes in the refining and separation of rare earth elements, including dysprosium.
• Production Capabilities: Japan Metals & Chemicals has developed innovative technologies for rare earth separation and purification, enabling it to produce high-purity dysprosium. The company focuses on sustainable mining and environmentally friendly production processes, aiming to meet the growing demand for high-tech materials.
• Market Influence: Although Japan does not have significant rare earth mining operations, Japan Metals & Chemicals is a critical player in the supply chain for dysprosium, particularly as Japan is a key consumer of high-performance materials for industries like electronics, automotive, and aerospace.
6. Rare Earth Salts (U.S.) LLC
• Market Position: Rare Earth Salts is an emerging player in the rare earth sector based in the U.S. The company is focused on innovative rare earth processing techniques that aim to improve the efficiency of rare earth production, including dysprosium.
• Production Capabilities: The company is involved in rare earth refining and aims to provide a sustainable supply of dysprosium through its patented processes. Rare Earth Salts focuses on separating rare earth elements from industrial waste streams and other sources.
• Market Influence: As part of the U.S. effort to increase domestic rare earth production, Rare Earth Salts is an important company in the development of technologies that could improve supply chain resilience and reduce reliance on foreign sources of dysprosium.

Key Questions Answered in the Dysprosium Metal Ingot market report:
• What is the total global Dysprosium Metal Ingot production volume, and how has it changed over the past five years?
• What is Dysprosium Metal Ingot price trend, what has been the historical cadmium prices?
• What will be the Dysprosium Metal Ingot price trend in 2025?
• Which countries have the highest Dysprosium Metal Ingot production capacity, and what factors contribute to their dominance in the market?
• How does Dysprosium Metal Ingot production capacity vary across key manufacturers, and what expansions or closures have been observed recently?
• What is the current global revenue generated from Dysprosium Metal Ingot production, and how does it compare to previous years?
• How does the country-wise Dysprosium Metal Ingot demand correlate with its production capacity and supply chain logistics?
• What are the recent trends in Dysprosium Metal Ingot pricing, and how do price fluctuations impact overall market revenue?
• Which industries drive the highest demand for Dysprosium Metal Ingot, and how is this demand expected to evolve in the next five years?
• What are the major challenges impacting Dysprosium Metal Ingot production and supply chain operations across key markets?
• How do government policies, environmental regulations, and trade restrictions affect Dysprosium Metal Ingot production and market dynamics?

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