Praseodymium oxide’s 9.8 percent plunge made it this week’s biggest mover on the weekly Rare Earths MMI®. Neodymium oxide saw nearly as big a falloff — a 9.6 percent drop this week. Rounding out the biggest declines, europium oxide dropped 8.5 percent over the past week as well.
This is at least the sixth straight week that MetalMiner’s weekly Rare Earths MMI® registered dropping rare earth metal prices.
Several more rare earth price points fell this week…
The price of terbium oxide decreased 8.3 percent from the previous week, cerium oxide closed after a 6.5 percent decline, and lanthanum oxide finished the week after falling 6.5 percent.
Neodymium weakened by 4.7 percent. The price of dysprosium oxide fell 3.8 percent — the third week in a row of declining prices.
The price of rare earth carbonate did not change since the previous week. Prices for samarium oxide closed flat, also experiencing a steady week.
Meanwhile, prices for terbium metal, yttria and yttrium all remained constant.
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.