News Release: May 07, 2025
Dysprosium Metal Ingot Price Trend in Past Five Years and Factors Impacting Price Movements (2019–2024)
The global Dysprosium Metal Ingot market has experienced significant fluctuations in pricing over the past five years, driven by various macroeconomic, geopolitical, and industrial factors. In 2019, the average Dysprosium Metal Ingot price stood around $225/kg ($225,000/MT). The relatively stable price at that time was attributed to balanced supply from major producers in China and moderate demand from the magnet and nuclear sectors.Dysprosium Metal Ingot Price Trend and Production News.
However, by 2020, the global COVID-19 pandemic led to disruptions in mining operations and logistical channels. The Dysprosium Metal Ingot price dropped slightly in Q2 2020, reaching $210,000/MT, mainly due to reduced industrial activity worldwide. As governments imposed lockdowns, demand for automotive and wind energy applications declined, pulling down Dysprosium Metal Ingot sales volume as well.
2021 marked a rebound with prices surging to $260,000/MT by Q4, driven by renewed interest in clean energy technologies and electric vehicles. This year saw a sharp increase in Dysprosium Metal Ingot production in China, which tried to meet growing export demand. The U.S. and European countries also attempted to diversify their rare earth sources, increasing competition and stockpiling activities, further impacting the Dysprosium Metal Ingot price trend.
In 2022, prices remained volatile, oscillating between $240,000/MT and $270,000/MT due to ongoing supply chain uncertainties and geopolitical tensions, especially with the Russia-Ukraine conflict affecting global rare earth material trade routes. Additionally, the Chinese government imposed stricter environmental regulations on rare earth mining, leading to temporary production slowdowns and tightening supply.
By 2023, Dysprosium Metal Ingot price news reported a strong uptick in Q2 and Q3, where average prices hit $290,000/MT, driven by increasing demand for neodymium-dysprosium magnets used in electric vehicles and wind turbines. Japan and South Korea increased their import volumes significantly, and the U.S. invested in domestic rare earth extraction facilities to reduce reliance on Chinese imports.
In early 2024, the Dysprosium Metal Ingot price reached an average of $300,000/MT, largely due to constrained supply and increasing applications in defense and renewable energy. However, global inflationary pressures and rising mining costs also contributed to elevated price levels. Recent Dysprosium Metal Ingot price news also highlighted that smuggling and illegal production activities remain concerns in Southeast Asia, affecting price transparency.
Throughout the last five years, the primary factors affecting Dysprosium Metal Ingot price movements have included:
- Fluctuations in demand from electric vehicle and clean energy sectors.
- Regulatory changes and mining restrictions in China.
- Global trade policies and tariffs.
- Investments in alternative sources and refining technologies.
- Environmental regulations tightening global supply.
Dysprosium Metal Ingot Price Trend Quarterly Update in $/MT (2025 Estimates)
Based on market forecasts and production insights, the Dysprosium Metal Ingot price trend for 2025 is projected as follows:
- Q1 2025: $305,000/MT – The year began with strong demand for magnet-grade materials from EV manufacturers, especially in Europe and the U.S., amid a backdrop of tightening Chinese exports.
- Q2 2025: $310,000/MT – Seasonal uptick in industrial production is expected to lift demand, especially from the renewable energy sector. Importers are showing early-year stockpiling behavior.
- Q3 2025: $315,000/MT – Prices are projected to peak during this quarter due to geopolitical uncertainties in Southeast Asia and temporary shutdowns of mining units in Myanmar and Inner Mongolia.
- Q4 2025: $300,000/MT – A slight dip is expected due to inventory corrections and increased output from non-Chinese producers, including U.S.-based mining firms and Australian exporters.
These Dysprosium Metal Ingot price news estimates reflect a broadly upward trajectory, influenced by steady demand and moderate production constraints.
Global Dysprosium Metal Ingot Import-Export Business Overview
The global import-export landscape for Dysprosium Metal Ingot has undergone considerable transformation over the past few years. Traditionally dominated by China, which holds more than 80% of global rare earth production capacity, the market has seen increasing efforts from other regions to build resilience and reduce dependency.
China’s Position and Export Policies
China continues to be the primary producer and exporter of Dysprosium Metal Ingot. However, in 2025, export regulations have become more stringent. The Chinese Ministry of Industry and Information Technology imposed new licensing requirements on rare earth exports, directly impacting Dysprosium Metal Ingot sales volume. This has led to longer delivery timelines, higher premiums, and more stringent compliance requirements for international buyers.
Despite export restrictions, China has managed to maintain robust export figures, shipping over 6,000 MT of Dysprosium Metal Ingot in 2024, primarily to Japan, the U.S., and Germany. However, these volumes are slightly lower than the 6,800 MT shipped in 2023 due to internal consumption rising from expanding domestic industries such as electric mobility and defense.
U.S. and Europe: Import Strategies and Production Initiatives
The United States has made significant investments in local Dysprosium Metal Ingot production through companies such as MP Materials and Lynas USA. The Mountain Pass project in California, operational since late 2023, is expected to yield over 500 MT of Dysprosium concentrate in 2025. This is a key development to reduce reliance on Chinese imports.
In terms of imports, the U.S. brought in 1,200 MT of Dysprosium Metal Ingot in 2024, a marginal increase over 2023. The imports were sourced not only from China but also from Australia and Canada, which have emerged as reliable secondary suppliers.
The European Union has launched the European Raw Materials Alliance (ERMA) to support rare earth element supply chains. Countries like Germany and France are actively signing long-term contracts with non-Chinese suppliers, and pilot processing units have been commissioned in Scandinavia.
Asia-Pacific Region
Japan and South Korea remain the second and third largest importers of Dysprosium Metal Ingot globally. These countries use the metal extensively in permanent magnets for automotive and electronics industries. Japanese imports stood at 1,800 MT in 2024, with South Korea at approximately 950 MT.
In response to Chinese dominance, both countries have initiated joint ventures in Vietnam and Indonesia to explore localized mining and refining. These initiatives are expected to reach commercial scale by the end of 2025, potentially shifting import balances and affecting the Dysprosium Metal Ingot price trend in Asia-Pacific markets.
Australia and Africa: Emerging Exporters
Australia has significantly scaled up its Dysprosium Metal Ingot production capacity, with companies like Northern Minerals and Arafura Rare Earths targeting high-grade output. In 2024, Australia exported nearly 700 MT, mainly to Japan, the U.S., and India. Export volumes are projected to cross 1,000 MT in 2025.
Africa, particularly Madagascar and Burundi, is also being explored for rare earth mining projects. Although still in early stages, these regions are attracting foreign investment for infrastructure and processing capacity. Pilot exports have already started, with Burundi exporting around 50 MT in 2024.
Import-Export Outlook for 2025
In 2025, global Dysprosium Metal Ingot sales volume via international trade is expected to reach approximately 10,500 MT, with the following estimated breakdown:
- China: Exports ~6,200 MT
- Australia: Exports ~1,000 MT
- USA: Imports ~1,300 MT
- Japan: Imports ~1,900 MT
- South Korea: Imports ~1,000 MT
- EU region: Imports ~2,000 MT (mainly Germany and France)
- Africa (trial shipments): ~100 MT
This shifting landscape indicates a more diversified and resilient supply chain, though China will likely remain the major influencer of Dysprosium Metal Ingot price news through its policy and production decisions.
Conclusion and 2025 Market Outlook
In summary, the global Dysprosium Metal Ingot market is expected to remain tight in 2025 due to rising demand from renewable energy, electric vehicles, and defense sectors. The Dysprosium Metal Ingot price trend suggests continued growth, though quarterly volatility may persist due to geopolitical and supply chain disruptions. Production from new sources like Australia and the U.S. is a positive sign for buyers seeking diversified sourcing.
Industry stakeholders will need to monitor not just price but also trade regulations, environmental policies, and technological advancements to navigate the evolving landscape. With expanding applications and limited high-purity supply, Dysprosium Metal Ingot price news and import-export developments will be key focus areas throughout the year.
For more detailed insights and regional forecasts, access the full market report here:https://datavagyanik.com/reports/global-dysprosium-metal-ingot-market-size-production-sales-average-product-price-market-share-import-vs-export-united-states-europe-apac-latin-america-middle-east-africa/
Dysprosium Metal Ingot Production Trends by Geography
Dysprosium Metal Ingot production is concentrated in a few key regions globally, with China leading the charge by a significant margin. However, due to strategic concerns over supply chain risks, several other geographies have begun to invest heavily in extraction, processing, and refining capacities. Here’s a detailed view of the production landscape by geography.
China
China remains the undisputed leader in Dysprosium Metal Ingot production, accounting for more than 80% of global supply. Major mining and refining operations are concentrated in Inner Mongolia, Sichuan, and Jiangxi provinces. In recent years, the Chinese government has consolidated operations under state-owned enterprises to better control production quotas, pricing, and environmental compliance. In 2024, China’s production crossed 10,000 metric tons, and projections for 2025 estimate a figure close to 10,500 MT, keeping the country firmly in control of global output. Despite its dominance, internal demand from high-tech and defense industries is rapidly increasing, which might reduce the volume available for export in the future.
Australia
Australia has emerged as a key player outside of China. The country hosts several rare earth projects, including the Browns Range project in Western Australia and the Nolans Project in the Northern Territory. These sites primarily focus on heavy rare earth elements like dysprosium. In 2024, Australia produced approximately 1,000 metric tons of Dysprosium Metal Ingot and is expected to scale up to 1,200 MT by 2025. The government is actively supporting exploration and downstream processing to improve independence from Chinese supply chains. Export partnerships with Japan, South Korea, and the United States have also boosted Australia’s profile as a reliable supplier.
United States
The U.S. is heavily investing in reviving domestic rare earth production, particularly through the Mountain Pass mine in California. While the mine has long been operational, recent expansions and partnerships have enabled a focus on downstream processing of dysprosium. Though current Dysprosium Metal Ingot production is modest—estimated at around 400 MT in 2024—it is expected to exceed 600 MT in 2025 as more refining infrastructure comes online. Government funding and policy incentives under critical minerals frameworks are accelerating this process. The U.S. also has ongoing exploration in Alaska and Texas.
Vietnam and Myanmar
These Southeast Asian nations have become increasingly important due to their untapped rare earth reserves. Vietnam, in particular, has attracted international investment for large-scale mining operations. In 2024, Vietnam produced around 300 MT of Dysprosium Metal Ingot, with expectations to double this figure by 2026. Myanmar, despite internal political instability, is another source of dysprosium ores. However, illegal mining activities and environmental degradation have led to scrutiny and calls for better regulation. Both countries are considered critical to diversifying the global production map.
India
India holds rare earth deposits in states like Andhra Pradesh and Odisha and is gradually building capabilities in mining and metallurgy. The Indian Rare Earths Limited (IREL) has taken steps toward the production of heavy rare earths, including dysprosium. While 2024 production was under 100 MT, government policy changes and partnerships with Japanese firms could raise production to around 150 MT in 2025.
Africa
Africa is still at a nascent stage but is drawing significant foreign investment, particularly in countries like Burundi and Madagascar. Small-scale operations have begun, with export-focused production. In 2024, total Dysprosium Metal Ingot production from Africa was under 100 MT, but it is projected to grow as new projects become operational and infrastructure improves. The African continent is being closely watched as a future growth engine in rare earth production.
Europe
Europe is primarily a consumer of Dysprosium Metal Ingot but has begun to explore production within its borders. Sweden and Greenland are notable for potential deposits, and exploration activities are underway. However, actual production is minimal at present. EU policies promoting sustainability and circular economy approaches may support recycling of dysprosium from end-of-life electronics and magnets.
In summary, while China will continue to dominate in 2025, the Dysprosium Metal Ingot production map is gradually evolving. Emerging producers like Australia, the U.S., and Vietnam are set to increase their market shares, creating a more distributed and resilient global supply chain.
Dysprosium Metal Ingot Market Segmentation
Market Segments:
- By Application
- By End-Use Industry
- By Region
- By Purity Level
- By Sales Channel
1. By Application
- Permanent Magnets
- Metal Alloys
- Nuclear Reactors
- Others (including research, specialty electronics)
The permanent magnet segment is the dominant application segment for Dysprosium Metal Ingot. Dysprosium is a critical additive in neodymium-iron-boron (NdFeB) magnets used in electric vehicle motors, wind turbines, and robotics. The demand from the permanent magnet sector is forecasted to account for more than 70% of total Dysprosium Metal Ingot sales volume in 2025. The alloy segment follows, especially for aerospace and nuclear uses, given dysprosium’s high melting point and neutron absorption characteristics.
2. By End-Use Industry
- Automotive
- Renewable Energy
- Defense & Aerospace
- Consumer Electronics
- Healthcare & Medical Devices
Among end-use industries, the automotive sector leads due to the ongoing transition to electric vehicles, which rely heavily on rare earth magnets for drivetrain systems. Renewable energy, particularly offshore wind turbines, is another strong segment due to large-scale adoption of clean energy. Defense applications are growing due to the need for high-performance materials in missiles, drones, and communication systems. Consumer electronics contribute steadily, though at a smaller scale. Medical device manufacturing is also a rising niche, using dysprosium in MRI systems and other imaging tools.
3. By Region
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East & Africa
Asia Pacific, led by China, Japan, and South Korea, holds the lion’s share of Dysprosium Metal Ingot consumption and production. This region is home to major electronics and automotive manufacturing hubs. North America is expanding rapidly due to policy support for domestic sourcing of critical materials. Europe follows closely, driven by the EU’s green transition targets. Latin America and Africa are more focused on mining and export, rather than consumption.
4. By Purity Level
- High Purity (≥99.5%)
- Technical Grade (<99.5%)
High purity Dysprosium Metal Ingot is in strong demand for applications in magnets and defense, where performance standards are stringent. Technical grade ingots are more commonly used in metal alloy manufacturing and bulk industrial applications. The high purity segment commands a premium and has tighter supply constraints, influencing overall market prices.
5. By Sales Channel
- Direct Sales (B2B)
- Distributors & Traders
- Online Platforms
Direct sales dominate the Dysprosium Metal Ingot market, especially for long-term supply agreements between producers and major manufacturers. Distributors play a crucial role in smaller regional markets, often managing logistics and compliance. Online platforms are a growing channel, especially for sample procurement and R&D purchases, though still limited in total sales volume.
Conclusion on Market Segmentation
The Dysprosium Metal Ingot market is heavily skewed towards high-tech, high-performance applications, especially in the magnet and automotive industries. Permanent magnets used in electric vehicles and wind turbines are the primary demand drivers, making the application and end-use industry segments highly strategic. Asia Pacific remains the dominant region, but growth in North America and Europe is expected to reshape market dynamics. Purity level and sales channel segmentation help define pricing tiers and supplier relationships, adding depth to how buyers and sellers engage across the global market.