This past week, praseodymium neodymium oxide dropped 14.1 percent on the weekly Rare Earths MMI®, landing at CNY 335,000 ($53,640) per metric ton as the week’s biggest mover. Terbium oxide saw a 9.2 percent drop-off this week to end at CNY 4,450 ($712.54) per kilogram. The price of cerium oxide decreased to CNY 52,000 ($8,326) per metric ton, a 8.8 percent decline from the previous week.
Lanthanum oxide prices fell to CNY 54,000 ($8,646) per metric ton, down from CNY 59,000 ($9,477) a week ago. Following a 5.6 percent increase in the week prior, the price of europium oxide fell 3.8 percent last week to CNY 6,400 ($1,025) per kilogram. The price of europium oxide fell 3.8 percent to CNY 6,400 ($1,025) per kilogram after rising 5.6 percent the week before. Dysprosium oxide finished the week at CNY 2,650 ($424.32) per kilogram after falling 3.6 percent.
Closing at CNY 480,000 ($77,089) per metric ton, neodymium remained unchanged for the week. Praseodymium oxide remained essentially flat from the previous week at CNY 410,000 ($65,649) per metric ton. Rare earth carbonate prices held steady from the previous week at CNY 37,500 ($6,005) per metric ton. At CNY 52,500 ($8,406) per metric ton, the week finished with no movement for samarium oxide.
Prices for terbium metal remained constant, closing the week at CNY 7,850 ($1,257) per kilogram. Yttria traded sideways last week, hovering around CNY 127,500 ($20,415) per metric ton. Following a steady week, prices for yttrium closed flat at CNY 400.00 ($64.05) 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.