Rare Earths MMI®: Week Closes 1.7 Percent Down For Cerium Oxide

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This past week, cerium oxide dropped 1.7 percent on the Rare Earths MMI®, landing at CNY 86,000 ($13,628) per metric ton as the week’s biggest mover. Dysprosium oxide prices held steady from the previous week at CNY 5,000 ($792) per kilogram. Europium oxide remained essentially flat from the previous week at CNY 8,600 ($1,362) per kilogram.

Following a steady week, prices for lanthanum oxide closed flat at CNY 82,500 ($13,073) per metric ton. Neodymium traded sideways last week, hovering around CNY 715,000 ($113,306) per metric ton. At CNY 715,000 ($113,306) per metric ton, the price of neodymium did not change since the previous week. Prices for neodymium oxide remained constant, closing the week at CNY 575,000 ($91,120) per metric ton.

At CNY 545,000 ($86,366) per metric ton, the week finished with no movement for praseodymium oxide. Closing at CNY 69,000 ($10,934) per metric ton, rare earth carbonate remained unchanged for the week. At CNY 90,000 ($14,262) per metric ton, the week finished with no movement for samarium oxide. Prices for terbium metal remained constant, closing the week at CNY 8,750 ($1,386) per kilogram.

Terbium oxide remained essentially flat from the previous week at CNY 6,650 ($1,053) per kilogram. Yttria traded sideways last week, hovering around CNY 180,000 ($28,524) per metric ton. Yttrium prices held steady from the previous week at CNY 690 ($109) per kilogram.

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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