The week’s biggest mover on the weekly Rare Earths MMI® was the price of praseodymium oxide, which saw a 2.5 percent decline. This week marked the third in a row of declining prices for the metal.
Cerium oxide prices were off by about $300 per metric ton from a week ago. Lanthanum oxide closed out the week with a 2.4 percent decline.
Following a steady week, most other rare earth prices tracked by the MetalMiner IndX closed flat, including dysprosium oxide, europium oxide and neodymium, among others.
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.