The Dysprosium Oxide Price, Straight Answer First

Dysprosium oxide (99.5% purity, FOB China) has traded across a wide band over the past two years: roughly $350–$380/kg in early January 2024, down to $230–$280/kg by mid-July 2024, then $220–$270/kg by December 2024. Market pricing indices put Northeast Asia spot at $248.26/kg in March 2026. That is the closest published figure to “dysprosium oxide spot price March 10, 2026” — no source in our research reports a price specific to that single day, and anyone telling you an exact March 10 number is likely reading a daily OTC quote that isn’t publicly archived. The honest way to get that exact date is described below.

The number that actually matters for anyone budgeting equipment or magnets right now is the post-shock range: The Oregon Group, a critical minerals market intelligence firm, reports dysprosium oxide FOB global pricing spiking to $1,450/kg in May 2026, following China’s April 2025 tightening of rare-earth export licensing. Separately, True Source Metals — which aggregates Shanghai Metals Market and Fastmarkets OTC benchmarks — puts the mid-2026 FOB China trading range at $265–$305/kg. Those two figures aren’t contradictory once you know what each measures: one is the price rare-earth buyers were forced to pay outside China’s licensing system during the worst of the supply squeeze; the other is the more typical FOB China benchmark once shipments partially normalized. Both are real, and both are cited below with their sources.

This piece is about the price itself — where it’s been, why it moves, and how to track it going forward — plus the one place it reliably surfaces for people working in agriculture and land-based technology: the magnets inside electric motors.

Price History: 2024 Through the 2026 Export-Control Shock

Dysprosium oxide pricing over the past two-plus years splits cleanly into a pre-shock period and a post-shock period, with April 2025 as the hinge.

Pre-shock: 2024 was a gradual decline

• January 4, 2024: $350–$380/kg FOB China, 99.5% purity — per Procurements Resource commodity pricing data.
• July 18, 2024: $230–$280/kg FOB China — per commodity pricing sources including Fastmarkets, Shanghai Metals Market, and Asian Metal benchmarks.
• December 19, 2024: $220–$270/kg FOB China — per Procurements Resource.

That’s a roughly 30–35% decline across 2024, driven by softer magnet demand and adequate Chinese supply reaching export markets.

The hinge: April 2025 export controls

In April 2025, China tightened export licensing on rare-earth materials, dysprosium included. The Oregon Group’s tracking shows the effect was immediate and severe: dysprosium shipments fell by roughly 50% compared to the twelve months before April 2025, and Japan — historically one of the largest dysprosium-importing economies for magnet manufacturing — received only about 4% of its normal import volumes during the 2025–2026 window covered by that reporting. This wasn’t a demand story. It was a licensing bottleneck that cut off supply to specific buyer countries.

Post-shock: prices split into two regimes

By March 2026, market pricing indices tracked by IMARC Group put dysprosium oxide at $248.26/kg for Northeast Asia spot — actually lower than the December 2024 range, reflecting the benchmark price inside China’s domestic and licensed-export system. But buyers who had to source outside that system, or who were caught in the licensing squeeze, paid far more: The Oregon Group reports FOB global pricing reaching $1,450/kg by May 2026. By mid-2026, True Source Metals’ aggregated OTC benchmarks (drawing on Shanghai Metals Market and Fastmarkets) showed FOB China settling back to a $265–$305/kg range as some shipments normalized.

The practical takeaway: “the” dysprosium oxide price today depends entirely on which market you’re buying in — licensed FOB China trade sits closer to $250–$305/kg, while spot buyers scrambling outside that channel during a licensing squeeze have paid multiples of that. If your business depends on dysprosium supply, know which price you’re actually exposed to before you budget off a single headline number.

What Dysprosium Oxide Is and Who Produces It

Dysprosium oxide is a rare-earth compound valued for one property above all: it lets neodymium-iron-boron (NdFeB) permanent magnets resist demagnetization at high operating temperatures. According to True Source Metals’ end-use breakdown, roughly 90% of dysprosium consumption goes into NdFeB magnets used in EV drive motors, wind turbine generators, and defense systems; the remaining 10% goes into phosphors and catalysts. It is not an agricultural input, and no published source documents dysprosium being used directly in farm chemistry or crop treatment — its connection to agriculture is entirely through the electric motors inside modern equipment, addressed later in this article.

Global rare-earth oxide (REO) production, per USGS Mineral Commodity Summaries 2026, was concentrated in three countries in 2025:

• China: 270,000 metric tons of REO — the dominant global producer and refiner.
• United States: 51,000 metric tons REO equivalent.
• Australia: 29,000 metric tons REO.

USGS does not break out dysprosium production separately from the aggregate rare-earth basket in its public summaries — dysprosium is a heavy rare earth typically recovered as a minor co-product of ion-adsorption clay deposits (concentrated in southern China) rather than mined as a standalone target. That’s a genuine gap in public data: there is no separately reported US dysprosium production figure or reserve estimate. If you need dysprosium-specific volume data, USGS’s annual Mineral Commodity Summaries (published each January at data.usgs.gov) is the most authoritative starting point, cross-referenced against the rare-earths chapter of that year’s report.

On the trade side, USGS Mineral Commodity Summaries 2025 valued total US imports of rare-earth compounds and metals at $170 million for 2024 — the clearest available proxy for how exposed US buyers are to foreign rare-earth supply, since dysprosium-specific import value isn’t separately published.

Why the Price Moves: Supply, Demand, and China’s Export Licensing

Three forces explain almost all of the price movement documented above.

1. Production concentration

With China producing roughly 270,000 metric tons of REO against 51,000 for the US and 29,000 for Australia (USGS 2026 figures for 2025), any policy decision inside China’s rare-earth licensing system moves the global price. There is no second supplier at comparable scale — the US and Australian totals combined are still under a third of China’s output.

2. Export licensing, not mine output

The April 2025 export-control episode is the clearest evidence that price spikes in this market are driven by licensing decisions, not by ore running out. The Oregon Group’s data — a roughly 50% drop in dysprosium shipments and Japan receiving only about 4% of normal import volumes — describes a paperwork and quota bottleneck, not a mining shortfall. That distinction matters for forecasting: a licensing-driven spike can reverse as quickly as it appeared if quotas are relaxed, whereas a genuine ore shortage would take years to resolve through new mine development.

3. Where OTC price quotes actually come from

There is no futures exchange for dysprosium oxide comparable to the LME for copper. Prices are assembled from over-the-counter trades reported to commodity pricing services — Shanghai Metals Market, Asian Metal, and, as of March 19, 2026, Fastmarkets’ newly launched rare-earth spot price benchmarks covering Japan, US, and South Korea trade flows. That launch is itself a signal: Fastmarkets built a dedicated benchmark because buyers in those three countries needed a reference price independent of Chinese domestic quotes, following the 2025 licensing disruption.

Calculator: Estimate Your Magnet Cost Exposure

If you’re specifying or budgeting equipment with NdFeB permanent-magnet motors, the number that matters isn’t the headline oxide price — it’s how much that price change adds to your per-unit magnet cost. Enter your own numbers below.

Assumptions and exclusions: This estimates only the raw dysprosium oxide material cost embedded in a magnet, using whatever $/kg figures you enter — it does not include neodymium or other alloy costs, magnet manufacturing/processing charges, currency conversion, or the fact that manufacturers often reduce dysprosium loading (grain-boundary diffusion, alternative alloys) as prices rise. Dysprosium content per magnet varies significantly by motor design; 0.03–0.08 kg is a common range for traction and industrial motors but confirm the actual figure with your equipment supplier or magnet manufacturer.

Comparative Table: Spot Price vs. Production by Country

The table below pulls together every sourced figure in this article — pricing across the 2024–2026 window alongside the production base that underlies it — so you can see both sides of the market at once.

Where This Price Actually Shows Up: Agri-Tech and Beyond

Dysprosium oxide has no direct agricultural application — it isn't a soil input, and no source in the public record documents it being used in crop treatment. Its connection to farming and forestry runs entirely through one channel: NdFeB permanent magnets, the same magnets True Source Metals reports account for roughly 90% of dysprosium demand. Those magnets sit inside the electric motors used in autonomous tractors, electrified harvesters, irrigation pumps, and wind-powered off-grid systems. When the FOB China price moves from the $220–$270/kg range seen in late 2024 to the $1,450/kg peak The Oregon Group documented in May 2026, that cost pressure flows through the magnet supply chain before it ever reaches a piece of farm equipment.

What changes when dysprosium gets expensive

• Component cost pass-through: Motor and magnet manufacturers facing a 5x-plus price swing (the $270/kg-to-$1,450/kg range documented above) either absorb the cost, pass it to equipment buyers, or redesign around lower dysprosium content — often using grain-boundary diffusion techniques that concentrate dysprosium only at the magnet's outer layer instead of throughout.
• Sourcing risk becomes a planning input: The Oregon Group's finding that Japan received only about 4% of normal dysprosium import volumes during the 2025–2026 licensing squeeze shows that availability, not just price, can constrain equipment manufacturers with concentrated supply chains.
• Substitution has real trade-offs: Lower-dysprosium or dysprosium-free magnet alloys exist, but they typically lose high-temperature demagnetization resistance — relevant for motors running in direct sun or enclosed housings on farm and forestry equipment.

None of this is unique to agriculture — the same cost pressure hits EV manufacturers and wind turbine builders, which is why True Source Metals' 90%-NdFeB figure spans all three sectors rather than farming specifically. If you're procuring equipment, the actionable move is to ask your supplier directly what dysprosium content their motors use and how their pricing responds to oxide price swings, rather than assuming a fixed pass-through rate — none is published, because none is uniform across manufacturers.

Farmonaut: Satellite-Based Mineral Intelligence for Rare Earths

The concentration numbers above — one country producing roughly 5x the US and 9x Australia's rare-earth oxide output — are exactly the kind of supply risk that drives interest in developing rare-earth production outside China. Traditional exploration for rare-earth deposits, including the ion-adsorption clay deposits that yield dysprosium, is slow, capital-intensive, and often environmentally disruptive. Farmonaut's satellite-based mineral detection platform offers an alternative first pass:

• 🌍 Objective identification of high-potential mineral zones across global regions, without ground disturbance.
• 🔬 Multispectral and hyperspectral satellite data analysis to flag mineral and alteration signatures associated with rare-earth-bearing formations.
• 🕰 Exploration timeframes cut from months or years down to days, with reported cost reductions of up to 80–85% versus traditional ground survey methods.
• ♻ No trenches, no initial drilling, no habitat disturbance — aligned with ESG-conscious exploration standards.

From early-stage prospecting to investment due diligence, this approach supports the broader critical-minerals value chain that dysprosium sits inside. For rapid, high-confidence mineral targeting, visit Map Your Mining Site Here.

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Key Takeaways

Frequently Asked Questions

Conclusion

The dysprosium oxide price is not one number — it's a range shaped by which market you're buying in and whether China's export-licensing system is running normally or tightening. Across 2024 it fell from $350–$380/kg to $220–$270/kg. By 2026, licensed FOB China trade sat around $248–$305/kg while unlicensed spot buyers paid as much as $1,450/kg at the peak of the 2025 export-control disruption. Production remains concentrated — China's 270,000 metric tons of 2025 rare-earth oxide output against 51,000 for the US and 29,000 for Australia, per USGS — which is exactly why a single licensing decision can move this market by a factor of five.

For a number specific to a single date, Fastmarkets' rare-earth spot price service (live since March 19, 2026) and direct Shanghai Metals Market quotations are the only reliable routes — this article gives you the documented range and the method, not a fabricated daily figure. For those working at the intersection of rare-earth supply and equipment planning, tracking both the price and the underlying production concentration is the durable skill; the number itself will keep moving.

To map a mining site or access satellite-based mineral detection for rare-earth supply exploration, visit mining.farmonaut.com.