Dysprosium Oxide Price Trend and Forecast 2026-2027

Dysprosium Oxide prices in the United States, the highest-cost reporting region, jumped 18.1% in Q2 2026 to USD 248,000.00/MT from USD 210,000.00/MT in Q1, resuming a sharp uptrend after a notable correction earlier in the year. Globally, the average rose from USD 196,640.00/MT in Q1 to USD 233,280.00/MT in Q2, an 18.6% gain, following a genuinely volatile stretch that saw prices surge through most of 2025, correct by roughly 12% in Q1 2026 as downstream buyers grew cautious, then resume climbing sharply. For H2 2026, a global average of USD 210,000.00-260,000.00/MT is expected, with a persistent supply deficit, now entering its second consecutive year, likely to keep this market elevated and prone to further sharp swings.

Dysprosium Oxide is a heavy rare earth compound extracted primarily from ionic clay deposits, refined into dysprosium metal and alloyed into neodymium-iron-boron permanent magnets to improve their resistance to demagnetization at high operating temperatures. These magnets remain the only commercially viable solution for high-performance electric vehicle motors and wind turbine generators at scale, making dysprosium demand closely tied to the accelerating global EV transition. China dominates global separation and refining capacity for this and other heavy rare earth elements, and Chinese production quota policy, administered through the Ministry of Industry and Information Technology, exerts outsized control over global supply. Chinese mining and separation quotas, EV and wind turbine magnet demand, Western production capacity constraints, and export control policy are what drive prices in this market.

Dysprosium Oxide Price Forecast for 2026

The outlook for Dysprosium Oxide through H2 2026 stays elevated and volatile, anchored by a structural supply deficit now entering its second consecutive year. Chinese producers have not materially increased separation output, and quota constraints continue to cap supply, while Western production capacity remains insufficient to close the gap. Global EV sales are forecast to grow substantially in 2026, and NdFeB permanent magnets consuming the bulk of dysprosium-enhanced material remain the only commercially viable solution at scale for high-performance motors, providing a demand base that shows no sign of softening.

The main upside risk is China's export control review, expected in November 2026, which could impose additional licensing requirements on heavy rare earth exports and has already been flagged by multiple Western defense procurement agencies as a critical supply chain vulnerability. The main downside risk is a repeat of the kind of correction seen in Q1 2026, when excessive prior price increases prompted downstream buyers to slow procurement and adopt a wait-and-see approach.

For the Quarter Ending June 2026

Dysprosium Oxide Prices Q2 2026:

• United States: USD 248,000.00/MT
• Japan: USD 241,000.00/MT
• Germany: USD 234,000.00/MT
• China: USD 221,000.00/MT

Dysprosium Oxide Prices in the United States

US Dysprosium Oxide prices averaged USD 248,000.00/MT in Q2 2026, the highest of any region tracked here, up 18.1% from USD 210,000.00/MT in Q1, as strong electric vehicle and defense-related magnet demand resumed the sharp uptrend that had briefly paused in the prior quarter.

Why did the price of Dysprosium Oxide change in Q2 2026 in the United States?

A supply deficit now entering its second consecutive year, combined with Chinese producers not materially increasing separation output and quota constraints continuing to cap supply, gave US buyers little choice but to accept sharply higher prices as downstream demand from EV motor and defense magnet manufacturers stayed robust.

Dysprosium Oxide Prices in Japan

Japanese prices averaged USD 241,000.00/MT in Q2 2026, up 18.1% from USD 204,000.00/MT in Q1, as this major magnet manufacturing base continued absorbing tight global supply.

Why did the price of Dysprosium Oxide change in Q2 2026 in Japan?

As one of the world's largest NdFeB magnet manufacturing bases, Japan felt the full weight of the renewed supply tightness, with global EV sales forecast to grow substantially in 2026 keeping magnet producers competing aggressively for available material.

Dysprosium Oxide Prices in Germany

German prices averaged USD 234,000.00/MT in Q2 2026, up 18.2% from USD 198,000.00/MT in Q1, as growing electric vehicle and wind turbine demand kept this market firm.

Why did the price of Dysprosium Oxide change in Q2 2026 in Germany?

Growing demand from European electric vehicle and wind turbine generator manufacturers, both of which rely on dysprosium-enhanced NdFeB magnets for high-temperature performance, kept German buyers firmly engaged even as prices climbed sharply.

Dysprosium Oxide Prices in China

Chinese prices, the producer benchmark and most exposed to domestic quota policy shifts, averaged USD 221,000.00/MT in Q2 2026, up 19.5% from USD 185,000.00/MT in Q1.

Why did the price of Dysprosium Oxide change in Q2 2026 in China?

Market expectations regarding heavy rare earth supply had improved somewhat during the prior quarter's correction, but renewed procurement from downstream magnet producers, combined with persistently constrained separation output, pushed Chinese benchmark prices back up sharply.

For the Quarter Ending March 2026

Dysprosium Oxide Prices Q1 2026:

• United States: USD 210,000.00/MT
• Japan: USD 204,000.00/MT
• Germany: USD 198,000.00/MT
• China: USD 185,000.00/MT

Dysprosium Oxide Prices in the United States

US prices fell 11.8% in Q1 2026 to USD 210,000.00/MT from USD 238,000.00/MT in Q4 2025, as the heavy rare earth market experienced a notable correction following an extended period of excessive prior price increases.

Why did the price of Dysprosium Oxide change in Q1 2026 in the United States?

The heavy rare earth market experienced a notable correction, with dysprosium oxide prices declining as this primarily stemmed from excessive prior price increases, prompting some downstream enterprises to adopt a wait-and-see approach and slow their procurement pace.

Dysprosium Oxide Prices in Japan

Japanese prices fell 11.7% in Q1 2026 to USD 204,000.00/MT from USD 231,000.00/MT in Q4 2025, tracking the broader heavy rare earth correction.

Why did the price of Dysprosium Oxide change in Q1 2026 in Japan?

Market expectations regarding heavy rare earth supply had improved somewhat, and Japanese magnet manufacturers, having built up inventory during the prior surge, felt comfortable pulling back on prompt purchasing during the correction.

Dysprosium Oxide Prices in Germany

German prices fell 11.6% in Q1 2026 to USD 198,000.00/MT from USD 224,000.00/MT in Q4 2025, as downstream buyers adopted a wait-and-see approach.

Why did the price of Dysprosium Oxide change in Q1 2026 in Germany?

Downstream European buyers, facing prices that had risen sharply through most of 2025, slowed procurement and drew down existing inventory rather than chasing the market higher, contributing to the broad-based correction.

Dysprosium Oxide Prices in China

Chinese benchmark prices fell 11.9% in Q1 2026 to USD 185,000.00/MT from USD 210,000.00/MT in Q4 2025, the steepest correction of the four regions as the producer market absorbed the full brunt of the pullback.

Why did the price of Dysprosium Oxide change in Q1 2026 in China?

The correction stemmed primarily from excessive prior price increases, which prompted downstream enterprises across battery, magnet, and electronics manufacturing to adopt a cautious wait-and-see approach, even as underlying supply constraints from Chinese mining quotas remained fully in place.

Quarterly Dysprosium Oxide Price Trends

Global Dysprosium Oxide prices surged through most of 2025 as a structural supply deficit tightened the heavy rare earth market, corrected sharply in Q1 2026 as downstream buyers grew cautious after the rapid prior run-up, and then resumed climbing just as sharply in Q2, illustrating just how volatile this critically important but thinly traded market has become.

What was Dysprosium Oxide Price in 2025?

Dysprosium Oxide staged an extraordinary rally across every market covered in this report through 2025, with prices roughly doubling in every region as a structural supply deficit, driven by capped Chinese separation quotas and surging EV and wind turbine magnet demand, overturned what had been a more balanced market in prior years.

Dysprosium Oxide Prices in the United States in 2025

US prices surged from about USD 160,000.00/MT in Q1 2025 to USD 238,000.00/MT by Q4, a gain of roughly 48.8%, before the sharp Q1 2026 correction and subsequent rebound that followed.

Dysprosium Oxide Prices in Japan in 2025

Japanese prices surged from about USD 155,000.00/MT in Q1 2025 to USD 231,000.00/MT by Q4, up roughly 49.0%, tracking the broader heavy rare earth supply deficit through the year.

Dysprosium Oxide Prices in Germany in 2025

German prices surged from about USD 150,000.00/MT in Q1 2025 to USD 224,000.00/MT by Q4, a gain of roughly 49.3%, tracking growing European EV and wind turbine magnet demand.

Dysprosium Oxide Prices in China in 2025

Chinese benchmark prices surged from about USD 140,000.00/MT in Q1 2025 to USD 210,000.00/MT by Q4, up roughly 50.0%, the strongest annual gain of the four regions, as Chinese mining quota constraints kept domestic supply structurally capped even at the source.

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Expert Market Research tracks Dysprosium Oxide prices continuously across every major producing and consuming region, combining Chinese mining and separation quota data, EV and wind turbine magnet demand signals, and Western production capacity and export control policy developments into a single, regularly updated view of the market. Our team can help your procurement function benchmark current offers, plan purchases around the extraordinary volatility covered in this report, and build a defensible view of where this critical heavy rare earth element is headed next. Reach out to our team for a tailored briefing or a deeper look at any of the regional markets covered here.