Dysprosium Oxide Prices: A Closer Look at Forecast, Historical Chart, and Trend
Dysprosium Oxide (Dy2O3) is a chemical compound that is slightly hygroscopic in nature. It is commonly known as Dysprosia, a pale-yellow or white chemical powder with a chemical composition comprising two dysprosium atoms and three oxygen atoms. Dysprosium is a rare earth metal found in minerals, namely, monazite and bastnaesite.
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The melting point of the compound measures around 2408° C, exhibiting insolubility in the water while being soluble in acid. Industrial applications such as metal halide lamps, ceramics, glasses, lasers, rotators, etc., uses the metal oxide compound in their manufacturing processes.
India, Vietnam, and Oman are the key importing countries for Dysprosium Oxide. On the other hand, the primary exporting countries are the United Kingdom, the United States, and India.
Key Details About the Dysprosium Oxide Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the dysprosium oxide price forecast in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Dysprosium Oxide Price chart, including India Dysprosium Oxide price, USA Dysprosium Oxide price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Dysprosium Oxide Price Trend:
Dysprosium oxide, a compound of the rare earth metal dysprosium, finds extensive application in various industrial sectors, particularly in the production of high-strength permanent magnets. These magnets are crucial components in a wide array of devices, including electric vehicles (EVs), wind turbines, and electronic gadgets. As such, fluctuations in demand and supply within these industries significantly influence the price trend of dysprosium oxide.
Here are some industrial uses impacting the dysprosium oxide price trend:
- Permanent Magnets: Dysprosium oxide is an essential ingredient in neodymium-iron-boron (NdFeB) magnets, which are utilized in various applications, especially in electric vehicle motors and wind turbines. The growing demand for these magnets, driven by the increasing adoption of EVs and renewable energy technologies, directly affects the demand for dysprosium oxide and consequently its price.
- Electronics: Dysprosium oxide is used in the production of electronics, including smartphones, computers, and audio speakers. As the consumer electronics market expands and new technologies emerge, such as advanced miniaturization and improved efficiency, the demand for dysprosium oxide may experience fluctuations.
- Clean Energy Technologies: Dysprosium oxide is also utilized in clean energy technologies, such as solar panels and energy-efficient lighting systems. The global push towards sustainable energy solutions and the reduction of greenhouse gas emissions drive the demand for dysprosium oxide in these sectors.
- Defense Industry: Dysprosium oxide is used in certain defense applications, including aerospace and missile guidance systems. Fluctuations in defense spending and geopolitical tensions can impact the demand for dysprosium oxide in this sector.
- Medical Equipment: Dysprosium oxide has potential applications in medical imaging and diagnostics. Advances in medical technology and an aging population may drive the demand for dysprosium oxide in this niche market.
- Catalysts: Dysprosium oxide can be used as a catalyst in various chemical processes. Changes in industrial production levels and regulatory requirements can influence the demand for dysprosium oxide in catalyst applications.
- Supply Chain Dynamics: Dysprosium is a rare earth element, and its availability is subject to supply chain dynamics, including mining, refining, and geopolitical factors. Any disruptions or changes in these dynamics, such as changes in mining regulations, trade policies, or new mining projects, can impact the price of dysprosium oxide.
Overall, the price trend of dysprosium oxide is influenced by a complex interplay of factors, including industrial demand, technological advancements, geopolitical considerations, and supply chain dynamics. Understanding these factors is crucial for stakeholders in the rare earth industry to anticipate and navigate price fluctuations effectively.
Key Players:
Dysprosium oxide is a rare earth compound with various applications, especially in industries like electronics, ceramics, and magnets. Key players in the dysprosium oxide market include:
- China Minmetals Corporation: As one of the largest metals and minerals companies in China, China Minmetals plays a significant role in the production and distribution of rare earth metals, including dysprosium oxide.
- Lynas Corporation: Lynas is an Australian rare earth mining company with significant operations in Malaysia. It is one of the major global suppliers of rare earth elements, including dysprosium oxide.
- Alkane Resources: An Australian mining company, Alkane Resources, operates the Dubbo Project, which aims to produce a range of rare earth products including dysprosium oxide.
- Arafura Resources: Another Australian company, Arafura Resources, is involved in the exploration and development of rare earth projects, including the Nolans Project, which includes the production of dysprosium oxide.
- Chinalco Guangxi Nonferrous Metals Group: This Chinese company is involved in the exploration, mining, and processing of rare earth minerals, including dysprosium oxide.
- Indian Rare Earths Limited (IREL): IREL is an Indian state-owned company involved in the exploration and production of rare earth minerals, including dysprosium oxide.
These companies are significant players in the dysprosium oxide market, involved in various stages of production, from mining and extraction to refining and distribution.
News & Recent Development
- Date: June 19, 2023-An Australian company, Ionic Rare Earth (IonicRE), has begun the production of rare earth oxides, including neodymium sesquioxide and Dysprosium Oxide at Belfast, UK
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