Earlier this week, the Financial Times reported on Molycorp’s current challenges within the rare earths market — the article cited MetalMiner IndX℠ data — and just yesterday, a Forbes piece showed how Molycorp’s stock is suffering from falling rare earths prices.
Of course, the rare earth company’s stock price is a result of many issues, but for buyers of rare earths, the “wild card,” as the Forbes article puts it, is still China.
On our weekly price index, this past week, praseodymium neodymium oxide dropped 14.1 percent, the week’s biggest mover. Terbium oxide saw a 9.2 percent drop-off this week. The price of cerium oxide decreased, an 8.8 percent decline from the previous week.
Lanthanum oxide prices fell almost $1,000 per metric ton from a week ago. Following a 5.6 percent increase in the week prior, the price of europium oxide fell 3.8 percent last week. Dysprosium oxide finished the week after falling 3.6 percent.
Neodymium prices remained unchanged for the week. Praseodymium oxide remained essentially flat, and rare earth carbonate prices, among several others, held steady from the previous week.
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.