Chinese Dysprosium Production is Expected to Reach Around 1600 Tons by 2020

Date: 2015-11-15

It is learned that global rare earth metals market size was USD 28.3 billion in 2014, and is expected to reach USD 39.4billion by 2020, at a CAGR of 6.8% from 2015 to 2020. Global rare earth metals production is over 12300 tons in 2014 and is expected to reach 185,000 tons by 2020. China had a mine production of some 9500 metric tons of Rare earth metals in 2014 and is expected to reach around 14000 tons by 2020.

Dysprosium鈥檚 main use is in alloys for neodymium-based magnets. The leading players of Dysprosium in China includes Hangzhou Rare Earth, GRITEK, China Minmetals Corporation etc. Dysprosium Storage of China is about 60,000 tons, Jianxi, Guangdong and Fujian province are main dysprosium producing area of China.

Dysprosium Production Share of China by areas

Provice

Production

Share

Jiangxi

4500

50.28%

Fujian

1000

11.17%

Guangdong

1100

12.29%

Guangxi

1250

13.97%

Hunan

1000

11.17%

Yunnan

100

1.18%

(Date November 2015)

Dysprosium Production of China is around 1230 tons and is expected to reach 1400 tons by 2020, at a CAGR of 2.1% from 2015 to 2020. The price of dysprosium oxide in China is USD 1325000/Ton

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