Rare Earths MMI®: Rare Earth Carbonate 4.4% Lower

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The week’s biggest mover on the weekly Rare Earths MMI® was rare earth carbonate, which saw a 4.4 percent decline to CNY 32,500 ($5,225) per metric ton. The price of dysprosium oxide decreased to CNY 2,075 ($333.57) per kilogram, a 3.5 percent decline from the previous week. The price of europium oxide declined 2.5 percent over the past week, settling at CNY 5,900 ($948.48) per kilogram.

After a 2.1 percent decline, yttria closed out the week at CNY 117,500 ($18,889) per metric ton. Cerium oxide prices held steady from the previous week at CNY 50,000 ($8,038) per metric ton. Cerium oxide remained essentially flat from the previous week at CNY 50,000 ($8,038) per metric ton. At CNY 50,500 ($8,118) per metric ton, the week finished with no movement for lanthanum oxide.

At CNY 375,000 ($60,285) per metric ton, the price of neodymium oxide did not change since the previous week. Praseodymium neodymium oxide prices held steady from the previous week at CNY 312,500 ($50,237) per metric ton. Praseodymium oxide remained essentially flat from the previous week at CNY 385,000 ($61,892) per metric ton. At CNY 52,500 ($8,440) per metric ton, the price of samarium oxide did not change since the previous week.

Closing at CNY 7,850 ($1,262) per kilogram, terbium metal remained unchanged for the week. At CNY 3,900 ($626.96) per kilogram, the week finished with no movement for terbium oxide. Following a steady week, prices for yttrium closed flat at CNY 400.00 ($64.30) 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.