Neodymium oxide saw a 4.3 percent decline this week, making it the week’s biggest mover on the Rare Earths MMI®. For the third week in a row, the price of cerium oxide dropped, falling 4.1 percent. Dysprosium oxide dropped four percent over the past week as well.
Yttria fell 2.8 percent, the price of praseodymium oxide declined 2.8 percent, and europium oxide saw a 2.3 percent decline as well.
Meanwhile, terbium oxide gained a slight 0.8 percent this past week. Lanthanum oxide, neodymium and rare earth carbonate remained essentially flat from the previous week.
Samarium oxide prices held steady, terbium metal traded sideways, and prices for yttrium remained constant, closing the week at above $100 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.