China Rare Earths Prices Skyrocket; Molycorp, Lynas Sittin' Pretty?

by MetalMiner IndX Reports on July 30, 2013

Style:    Category: Metal Prices, MetalMiner IndX, Minor Metals

Well, maybe one week of rare earths price activity wouldn’t make a strong enough case for Molycorp or Lynas Corp. to go full steam ahead on production – but the price story sure is compelling.

A 79.3 percent improvement on the weekly Rare Earths MMI® made dysprosium oxide the biggest mover on MetalMiner’s price index.

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A 47.6 percent jump caught the week’s heaviest change for yttria. Terbium oxide rose 34.5 percent over the past week.

Neodymium oxide prices climbed more than US $10,000 over a week ago. Praseodymium oxide closed last week after a 24.0 percent rise in price. Over the past week, praseodymium oxide rose 24.0 percent. In the past week, the price of praseodymium neodymium oxide shot up 23.6 percent.

Another mover this week was yttrium, which shot up 3.9 percent. Lanthanum oxide climbed 3.7 percent. With a 3.6 percent climb, cerium oxide claimed a gain. Neodymium traded sideways last week.

Following a steady week, prices for rare earth carbonate, samarium oxide and terbium metal were flat.

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The Rare Earths MMI® collects and weights 14 global rare earth metal price points to provide a unique view into rare earth metal price trends. For more information on the Rare Earths MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

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