The monthly Rare Earths MMI® registered a value of 45 in November, a decrease of 10.0 percent from 50 in October.
Dysprosium oxide tumbled 23.4 percent on the month, settling at $421 per kilogram. The price of samarium oxide dropped 22.5 percent to CNY 50,000 ($8,015) per metric ton after staying flat the previous month. The price of praseodymium neodymium oxide fell 19.7 percent over the past month to CNY 275,000 ($44,081) per metric ton, the second straight month of declines.
At CNY 4,350 ($697.28) per kilogram, the price of terbium oxide fell 14.9 percent. At CNY 54,000 ($8,656) per metric ton, the price of cerium oxide finished the month 11.5 percent lower. This was the sixth straight month of declines.
The price of europium oxide declined 10.7 percent over the past month to CNY 5,450 ($873.61) per kilogram. The price of neodymium oxide fell 4.3 percent over the past month to CNY 375,000 ($60,111) per metric ton, the second straight month of declines. After rising from September to October, the price of terbium metal fell 1.7 percent to CNY 7,850 ($1,258) per kilogram.
The price of yttrium increased 0.8 percent to end at CNY 400.00 ($64.12) per kilogram last month.
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 over a 30-day period. 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.