The Global Dysprosium Carbonate Market is projected to grow at a Compound Annual Growth Rate (CAGR) of 8.2% over the forecast period, driven by surging demand for high-performance permanent magnets in electric vehicles, wind turbines, and consumer electronics. As a critical rare earth element, dysprosium is essential for enhancing the heat resistance of neodymium-iron-boron (NdFeB) magnets, making it indispensable for the green energy transition and advanced technological applications.

With global supply chains under scrutiny and geopolitical tensions highlighting the strategic importance of rare earths, the companies that control the production and distribution of dysprosium carbonate are increasingly vital. This report profiles the Top 10 Companies in the Dysprosium Carbonate Industry, from mining giants and specialized refiners to global chemical suppliers shaping the future of this critical market.

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🔟 1. China Northern Rare Earth (Group) High-Tech Co., Ltd.

Headquarters: Baotou, Inner Mongolia, China
Key Offering: High-purity Dysprosium Carbonate, Rare Earth Oxides

As one of the world’s largest rare earth producers, China Northern Rare Earth dominates the global supply of dysprosium. The company controls significant mining and separation capacity in Bayan Obo, the world’s largest rare earth deposit, giving it unparalleled scale and cost advantages in the market.

Strategic Initiatives:

• Vertical integration from mining to high-purity chemical production

• Continuous expansion of separation and refining capabilities

• Strategic partnerships with magnet manufacturers globally

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9️⃣ 2. Lynas Rare Earths Ltd.

Headquarters: East Perth, Western Australia
Key Offering: Dysprosium Carbonate, NdPr Oxide

Lynas is the largest rare earths producer outside of China, operating the Mount Weld mine in Australia and a separation facility in Malaysia. The company has become a critical supplier for Western markets seeking to diversify their rare earth supply chains away from Chinese dominance.

Strategic Initiatives:

• Expansion of heavy rare earths production capacity

• Development of a U.S.-based processing facility in Texas

• Long-term supply agreements with defense and automotive sectors

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8️⃣ 3. Alkane Resources Limited

Headquarters: Perth, Western Australia
Key Offering: Dysprosium Carbonate, Zirconium Products

Alkane Resources operates the Tomingley Gold Project and is developing the Dubbo Project, a world-class zirconium, rare earths, and niobium deposit. The company’s dysprosium production positions it as a future key supplier in the non-Chinese rare earth market.

Strategic Initiatives:

• Advanced development of the Dubbo Polymetallic Project

• Focus on heavy rare earths production for magnet applications

• Strategic partnerships with downstream technology companies

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7️⃣ 4. MP Materials

Headquarters: Las Vegas, Nevada, USA
Key Offering: Rare Earth Concentrates, Dysprosium Products

MP Materials owns and operates the Mountain Pass rare earth mine in California, the only active rare earth mining and processing site in North America. The company is vertically integrating to become a full-spectrum rare earth producer, including dysprosium separation capabilities.

Strategic Initiatives:

• Restoration of full rare earth supply chain in the United States

• Construction of separation facilities for heavy rare earths

• Partnerships with automotive and renewable energy companies

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6️⃣ 5. Iluka Resources Limited

Headquarters: Perth, Western Australia
Key Offering: Mineral Sands, Rare Earths Concentrates

Iluka Resources is a leading mineral sands producer expanding into rare earths through its Eneabba and Wimmera projects in Australia. The company’s strategic position in heavy mineral sands provides a pathway to dysprosium production from monazite by-products.

Strategic Initiatives:

• Development of rare earths refinery at Eneabba

• Utilization of monazite by-product streams for rare earths extraction

• Government-supported critical minerals development programs

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5️⃣ 6. Arafura Resources Limited

Headquarters: Perth, Western Australia
Key Offering: NdPr Oxide, Dysprosium-Terbium Products

Arafura is developing the Nolans Project in Australia’s Northern Territory, which will produce both neodymium-praseodymium and dysprosium-terbium products. The project represents one of the largest undeveloped rare earth deposits globally with significant dysprosium content.

Strategic Initiatives:

• Advanced development of the Nolans Rare Earths Project

• Integrated mine-to-oxide production facility

• Offtake agreements with global automotive and wind turbine manufacturers

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4️⃣ 7. Rare Element Resources Ltd.

Headquarters: Littleton, Colorado, USA
Key Offering: Rare Earth Concentrates, Separation Technology

Rare Element Resources is advancing the Bear Lodge Project in Wyoming, which contains significant dysprosium resources. The company has developed proprietary separation technology that could revolutionize rare earth processing efficiency and environmental compatibility.

Strategic Initiatives:

• Development of the Bear Lodge Critical Rare Earth Project

• Proprietary separation and purification technology

• Strategic partnerships for technology commercialization

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3️⃣ 8. Peak Rare Earths Limited

Headquarters: Perth, Western Australia
Key Offering: Heavy Rare Earth Concentrates

Peak Rare Earths is focused on developing the Ngualla Rare Earth Project in Tanzania, one of the world’s largest and highest-grade undeveloped neodymium and praseodymium projects with significant dysprosium potential. The project features simple mineralogy favorable for cost-effective processing.

Strategic Initiatives:

• Advanced development of the Ngualla Rare Earth Project

• Focus on heavy rare earths production strategy

• Downstream processing partnerships in Tanzania and internationally

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2️⃣ 9. Energy Fuels Inc.

Headquarters: Lakewood, Colorado, USA
Key Offering: Uranium, Rare Earth Carbonates

Energy Fuels, traditionally a uranium producer, has diversified into rare earths by processing monazite sands at its White Mesa Mill in Utah. The company has established itself as a emerging producer of rare earth carbonates, including dysprosium, in North America.

Strategic Initiatives:

• Monazite processing for rare earths recovery

• Expansion of rare earth separation capabilities

• Strategic sourcing of rare earth feedstocks from global partners

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1️⃣ 10. Vital Metals Limited

Headquarters: Perth, Western Australia
Key Offering: Rare Earth Carbonates, NdPr Products

Vital Metals is developing the Nechalacho Project in Canada’s Northwest Territories, one of the highest-grade rare earth deposits in the world. The company has commenced production and is establishing itself as a reliable supplier of rare earth carbonates to the North American market.

Strategic Initiatives:

• Commissioning of the Nechalacho Rare Earths Project

• Development of downstream separation facilities

• Strategic offtake agreements with North American consumers

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Global and Regional Dysprosium Carbonate Industry Status and Prospects Professional Market – View in Detailed Research Report

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🌍 Outlook: Strategic Importance and Supply Chain Evolution

The dysprosium carbonate market is undergoing a fundamental transformation as geopolitical realities and the clean energy transition drive demand for secure, diversified supply chains. While China currently dominates production, Western nations are aggressively investing in alternative sources to ensure strategic independence.

📈 Key Trends Shaping the Market:

• Accelerated development of non-Chinese rare earth projects

• Increased government support for critical minerals security

• Technological innovations in rare earth separation and recycling

• Growing integration between mining companies and end-users

The companies profiled above are not only supplying a critical industrial material—they’re building the foundation for energy security and technological sovereignty in the 21st century.

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Global and Regional Dysprosium Carbonate Industry Status and Prospects Professional Market – View in Detailed Research Report