The Dysprosium Price Trend in India moved higher during Q2 2026, with prices increasing by 2.1% compared with Q1. The increase was supported by stronger demand from permanent magnet manufacturers, electric vehicle component suppliers, and renewable energy equipment producers.
Limited domestic availability of dysprosium-containing materials and continued dependence on imported rare earth inputs also increased procurement costs for Indian buyers. The market remained firm during most of the quarter as manufacturers focused on securing material for regular production requirements.
Dysprosium is an important heavy rare earth element used in several advanced manufacturing applications. It is particularly important in high-performance permanent magnets, where it can help improve performance under demanding operating conditions.
In India, the market depends significantly on imported rare earth materials. For Q2 2026, the price reference was for Dysprosium with a purity of 99% minimum, imported from China on a CIF Nhava Sheva basis.
During Q2, Dysprosium Prices in India increased by 2.1% compared with Q1. The increase was not extremely sharp, but it showed that the market remained firm despite changes in buying activity during the quarter.
The main support came from rising demand from permanent magnet manufacturers, electric vehicle component suppliers, and renewable energy equipment producers. At the same time, limited domestic availability and dependence on imports kept procurement costs relatively high.
There were several factors behind the increase in Dysprosium Prices during Q2 2026.
One of the most important factors was growing demand from permanent magnet manufacturing. Dysprosium is used in specialised permanent magnets that are required in applications where high performance and thermal stability are important.
Demand from electric vehicle components also remained supportive. As electric mobility continues to develop, the requirement for specialised magnetic materials can increase along with production of motors and related components.
Renewable energy equipment provided another source of demand. Wind energy equipment, in particular, uses permanent magnet technologies in certain applications, creating an additional requirement for rare earth materials.
At the same time, India's limited domestic availability of dysprosium-containing materials meant that buyers continued to depend on imported supplies. This made import costs and international supply conditions important factors in the domestic market.
Permanent magnet manufacturers are an important part of the dysprosium demand chain.
High-performance permanent magnets are used in applications where strong magnetic properties and reliable performance are required. Dysprosium can play an important role in improving the performance of certain magnet materials, especially under higher operating temperatures.
During Q2 2026, demand from this segment supported the Indian market. Manufacturers continued to require rare earth inputs for regular production, helping maintain a steady level of procurement.
When demand for permanent magnets increases, buyers may become more active in securing dysprosium supplies. This can provide support to prices, particularly when imported material availability is not fully comfortable.
The electric vehicle industry is another important source of dysprosium demand.