Showing posts with the label dysprosium market share

Dysprosium – A Rare yet an Important Element in Today’s Era

Dysprosium is a rare earth element that has a bright silver finish that looks like a metal. This kind of element is never found like some other free elements. These rare elements are found in numerous minerals such as xenotime, fergusonite, and gadolinite among others. There is a high application of dysprosium across numerous end-users. The various applications of dysprosium include permanent, magnets, phosphors, commercial, lighting, halide lamps, and others. The demand for this type of material is primarily being driven by the permanent magnet applications owing to its unique properties to resist demagnetization in the objects. There is a high demand for these magnets for their application across various products which include generators, wind turbines. The rising penetration of electric vehicles is one of the key opportunities for the market to grow in the near future. Additionally, the rising sales of electronic products, especially in the developing economies of the globe due t