Year-by-year annual average price for dysprosium in USD/kg, sourced from U.S. Geological Survey, Mineral Commodity Summaries 2025. Dysprosium oxide (Dy₂O₃), 99% REO, Chinese export price.
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Dysprosium is critical for high-performance EV motors and wind turbines operating in high-temperature environments, with China controlling over 90% of production. Demand is driven primarily by High-temperature NdFeB magnet enhancement, Nuclear reactor control rods, Data storage and hard disk drives. Supply is concentrated in China, Australia, United States, so output disruptions or trade-policy shifts in those countries are the main long-run drivers of Dysprosium prices.
Dysprosium prices fell -17.1% from 2023's $350 per USD/kg to $290 per USD/kg in 2024.
Dysprosium prices fell -22.2% from 2022's $450 per USD/kg to $350 per USD/kg in 2023.
Dysprosium prices rose +36.4% from 2021's $330 per USD/kg to $450 per USD/kg in 2022. That was the highest 2022 reading in 7 years.
Dysprosium prices rose +40.4% from 2020's $235 per USD/kg to $330 per USD/kg in 2021. That was the highest 2021 reading in 6 years.
Dysprosium prices rose +17.5% from 2019's $200 per USD/kg to $235 per USD/kg in 2020. That was the highest 2020 reading in 4 years.
Movement summaries above are calculated directly from the annual averages shown in the table. Critical Minerals HQ does not attribute price moves to specific events except where backed by sourced reporting.
| Year | Average Price (USD/kg) | YoY Change |
|---|---|---|
| 2024 | $290 | -17.1% |
| 2023 | $350 | -22.2% |
| 2022 | $450 | +36.4% |
| 2021 | $330 | +40.4% |
| 2020 | $235 | +17.5% |
| 2019 | $200 | -9.1% |
| 2018 | $220 | +10.0% |
| 2017 | $200 | -9.1% |
| 2016 | $220 | -26.7% |
| 2015 | $300 | -33.3% |
| 2014 | $450 | -43.8% |
| 2013 | $800 | -46.7% |
| 2012 | $1,500 | -47.4% |
| 2011 | $2,850 | +533.3% |
| 2010 | $450 | +150.0% |
| 2009 | $180 | -28.0% |
| 2008 | $250 | +25.0% |
| 2007 | $200 | +25.0% |
| 2006 | $160 | +14.3% |
| 2005 | $140 | +16.7% |
| 2004 | $120 | +20.0% |
| 2003 | $100 | +11.1% |
| 2002 | $90 | -10.0% |
| 2001 | $100 | -16.7% |
| 2000 | $120 | — |
Source: U.S. Geological Survey, Mineral Commodity Summaries 2025. Dysprosium oxide (Dy₂O₃), 99% REO, Chinese export price
The most recent annual average we track is $290 per USD/kg for 2024. Live spot prices are shown on the Dysprosium live-price page.
down -17.1% — from $350 per USD/kg in 2023 to $290 per USD/kg in 2024.
up +45.0% — from $200 per USD/kg in 2019 to $290 per USD/kg in 2024.
down -35.6% — from $450 per USD/kg in 2014 to $290 per USD/kg in 2024.
Dysprosium is critical for high-performance EV motors and wind turbines operating in high-temperature environments, with China controlling over 90% of production. Demand is driven primarily by High-temperature NdFeB magnet enhancement, Nuclear reactor control rods, Data storage and hard disk drives. Supply is concentrated in China, Australia, United States, so output disruptions or trade-policy shifts in those countries are the main long-run drivers of Dysprosium prices.
The highest annual average dysprosium price in our recorded series was $2,850 per USD/kg in 2011.
U.S. Geological Survey, Mineral Commodity Summaries 2025. Dysprosium oxide (Dy₂O₃), 99% REO, Chinese export price