Fastmarkets, a leading global provider of commodity pricing, news and market intelligence, has launched three additional weekly heavy rare earth product prices in Europe, building on the success of the first Gadolinium Oxide 99.99%-99.999% ex-warehouse Rotterdam price introduced in May. The new additions include:
Yttrium Oxide 99.999% ex-warehouse Rotterdam
Dysprosium Oxide 99.5% ex-warehouse Rotterdam
Terbium Oxide 99.99% ex-warehouse Rotterdam
Ramón Barúa Costa, CEO of Aclara Resources, emphasized the significance of the new dysprosium price: “At Aclara, we see this dysprosium price as essential for the sustainable development of heavy rare earths in western markets. Reliable pricing outside of China is a big step forward. While a price for sustainably sourced dysprosium suited for high-volume, long-term contracts is still needed, this is an important first building block.”
Caroline Messecar, strategic markets editor for technology metals at Fastmarkets, added: “We are excited to launch more weekly European rare earth prices to complement our existing China price suite. We will continue to work with the entire supply chain to support existing and emerging markets.”
Market context and applications
Four months after China imposed export controls on high-temperature rare earth magnets and products made from seven heavy rare earth elements—gadolinium, dysprosium, terbium, scandium, lutetium, yttrium and samarium—the global market remains in flux. Supply shortages are impacting sectors ranging from automotive and semiconductors to electronics, lasers, medical devices, pharmaceuticals, start-ups and R&D. There is a growing need for transparent, transaction-based pricing as markets adapt to a changing world.
Yttrium is a small but well-established import market with applications in steel and aluminium alloys, catalysts, ceramics, lasers and electronics. In contrast, the markets for dysprosium and terbium remain small outside of Asia, with import demand primarily focused in Japan and China, the largest consumer, due to its large magnet industry.
In the western hemisphere, terbium and dysprosium have primarily been used in niche applications such as electronics, lasers, sonar and thin-film coatings. However, export restrictions and a growing market for high-temperature magnets—key components in electric and hybrid vehicle drivetrains—are driving global demand.
Fastmarkets’ continued expansion of its rare earth price suite aims to provide the transparency and reliable data necessary to support industries adapting to these ongoing changes.
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