The biggest mover this week was terbium oxide with a 6.0 percent fall on the weekly Rare Earths MMI® to close the week at CNY 3,900 ($627.29) per kilogram. Neodymium oxide saw a 4.8 percent drop-off this week to end at CNY 395,000 ($63,534) per metric ton. Cerium oxide prices held steady from the previous week at CNY 50,000 ($8,042) per metric ton.
Closing at CNY 2,150 ($345.82) per kilogram, dysprosium oxide remained unchanged for the week. Following a steady week, prices for europium oxide closed flat at CNY 6,050 ($973.11) per kilogram. At CNY 6,050 ($973.11) per kilogram, the week finished with no movement for europium oxide. At CNY 50,500 ($8,123) per metric ton, the price of lanthanum oxide did not change since the previous week.
Prices for praseodymium neodymium oxide remained constant, closing the week at CNY 295,000 ($47,449) per metric ton. Praseodymium oxide traded sideways last week, hovering around CNY 385,000 ($61,925) per metric ton. Rare earth carbonate remained essentially flat from the previous week at CNY 34,000 ($5,469) per metric ton. At CNY 52,500 ($8,444) per metric ton, the week finished with no movement for samarium oxide.
Terbium metal remained essentially flat from the previous week at CNY 7,850 ($1,263) per kilogram. At CNY 120,000 ($19,301) per metric ton, the price of yttria did not change since the previous week. Following a steady week, prices for yttrium closed flat at CNY 400.00 ($64.34) 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.