The latest report titled dysprosium production cost report by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of the Dysprosium.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the manufacturing process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Dysprosium production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Dysprosium Production Process:
- Dysprosium Production Cost From Extraction: This report provides a comprehensive cost evaluation of dysprosium production via extraction from monazite. Usually, Dysprosium is derived as a co-product of the process of yttrium extraction from monazite. Monazite is a blend of several phosphates.
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Product Definition:
Dysprosium (Dy) is a rare chemical element found on earth that is from the lanthanide series of the periodic table. It has the atomic number 66. It is found in the minerals:monazite and bastnaesite and appears in smaller quantities in other minerals like xenotime and fergusonite. It is a bright-looking silvery metallic element with a silver lustre.
Its salts are somewhat toxic in a liquid state but non-toxic in their solid form. It is soft enough to be cut with a knife and has a melting and boiling point of 1412°C and 2567°C, respectively. It has the highest magnetic strength, which increases in lower temperatures.
Market Drivers:
Dysprosium has the property of demagnetisation resistant at high temperatures, which makes it ideal for use in motors or generators. These magnets are present in electric vehicles and wind turbines. Hence, its applications in the automobile industry are furthering its market demand. In addition, it is employed in halide discharge lamps which gives the lamps an intense white light. Also, due to it being a radioactive element, it finds use in radioactivity. Further, it is sued to make controlling rods in reactors of nuclear power plants since it absorbs neutrons. Owing to all the following applications of the metal, the industry is witnessing increased growth.
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