The week’s biggest mover on the weekly Rare Earths MMI®, praseodymium neodymium oxide jumped 5.9 percent to close at CNY 312,500 ($50,282) per metric ton. Neodymium oxide finished the week at CNY 375,000 ($60,338) per metric ton after falling 5.1 percent. At CNY 50,000 ($8,045) per metric ton, the price of cerium oxide did not change since the previous week.
Dysprosium oxide prices held steady from the previous week at CNY 2,150 ($345.94) per kilogram. Europium oxide remained essentially flat from the previous week at CNY 6,050 ($973.45) per kilogram. Following a steady week, prices for europium oxide closed flat at CNY 6,050 ($973.45) per kilogram. At CNY 50,500 ($8,126) per metric ton, the week finished with no movement for lanthanum oxide.
Closing at CNY 385,000 ($61,947) per metric ton, praseodymium oxide remained unchanged for the week. Prices for rare earth carbonate remained constant, closing the week at CNY 34,000 ($5,471) per metric ton. Samarium oxide prices held steady from the previous week at CNY 52,500 ($8,447) per metric ton. Terbium metal traded sideways last week, hovering around CNY 7,850 ($1,263) per kilogram.
Closing at CNY 3,900 ($627.51) per kilogram, terbium oxide remained unchanged for the week. At CNY 120,000 ($19,308) per metric ton, the week finished with no movement for yttria. Following a steady week, prices for yttrium closed flat at CNY 400.00 ($64.36) 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.