Dysprosium Iron Alloy is derived from Dysprosium Oxide and fluorochemicals. As a result, Dysprosium Iron Alloy prices are closely tied to Dysprosium Oxide prices. During the initial quarter, prices sharply declined due to minimal downstream demand from the metallurgical and magnet sectors, driven by surplus inventory. Entering the second quarter, price declines persisted but at a reduced pace, eventually stabilizing. Mid-Q2 marked a reversal, with prices gradually rising as manufacturing activity rebounded in China, restoring demand, and bringing stability to the market after prolonged disruption.
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Definition
Dysprosium Iron Alloy is a compound formed by combining dysprosium oxide and iron, often used for its specialized properties. This alloy's pricing trends are closely linked to dysprosium oxide prices due to their interdependent production process. It finds application in industries like metallurgy and magnet production. Dysprosium Iron Alloy's value lies in its ability to exhibit unique characteristics that cater to specific industrial needs.
Key Details About the Dysprosium Iron Alloy Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Dysprosium Iron Alloy in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Dysprosium Iron Alloy Price, including India Dysprosium Iron Alloy price, USA Dysprosium Iron Alloy price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Dysprosium Iron Alloy Price Trend:
Dysprosium Iron Alloy serves pivotal roles in various industries. It finds application in metallurgy for enhancing the properties of steel, contributing to improved strength and durability. Additionally, this alloy is crucial in the production of powerful magnets, especially those used in advanced technologies like electric vehicles and renewable energy systems. Its unique magnetic and structural characteristics make it indispensable for these specialized industrial applications.
Key Players:
- China Southern Rare Earth Group Co., Ltd.
- Xiamen Tungsten
- China Minmetals Rare Earth Co.,Ltd.
- Inner Mongolia Baotou Steel Rare-Earth
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