Dysprosium Price Chart, Historical and Forecast Analysis Provided by Procurement Resource
Dysprosium (Dy) is an exceptional chemical element from the periodic table’s lanthanide series. It can be found in nature and has an atomic mass of 66 u. It is a shiny, silvery metallic element in appearance.
It is a mineral found in bastnaesite and monazite, with trace amounts of it also present in xenotime and fergusonite. In solid form, the salts of dysprosium are not harmful, but they are dangerous when in liquid form.
It has a melting point of 1412°C and a boiling point of 2567°C. It is soft and can be easily cut with a knife and has the strongest magnetic field, which gets stronger at colder temperatures.
Dysprosium is produced through solvent extraction technique and ion exchange method from monazite sand.It can also be produced via the reduction of dysprosium trifluoride with calcium.
Australia, the United States, China, and Myanmar are the top dysprosium-producing countries.
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Key Details About the Dysprosium 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 price 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 price trend, 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 Price Trend:
The production of laser materials, phosphor activators control rods in nuclear reactors, and metal halide lamps are a few examples of the industrial uses of dysprosium that have an impact on price trends. In addition, it serves as an alloy in neodymium-based magnets.
Dysprosium is perfect for making motors and generators because it can withstand demagnetization at high temperatures. These magnets are found in both electric vehicles and wind turbines. As a result, the market drift is growing due to its use in the automotive industry.
It also contributes to the production of bright white light in halide discharge lamps. Due to the fact that it is a radioactive element, it also has usefulness in radioactivity.
It is used to make regulating rods in nuclear power plant reactors because it absorbs neutrons. The usage of metal in all of the aforementioned applications is hastening the development of the sector.
- American Elements,
- Northern Minerals Limited,
- Ucore Rare Metals Inc.
News and Events:
- November 11, 2022: In order to scale up manufacturing, scientists from the Critical Materials Institute (CMI) of the US Department of Energy and Ames National Laboratory improved and upgraded the properties of the magnetic substance dysprosium.
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