Rare Earths MMI®: Neodymium Falls by 6.6%

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Neodymium finished as the week’s biggest mover on the weekly Rare Earths MMI® after dropping 6.6 percent and landing at CNY 425,000 ($68,341) per metric ton. After a 2.6 percent decline, praseodymium oxide closed out the week at CNY 375,000 ($60,301) per metric ton. Closing at CNY 50,000 ($8,040) per metric ton, cerium oxide remained unchanged for the week.

At CNY 2,075 ($333.67) per kilogram, the week finished with no movement for dysprosium oxide. Europium oxide remained essentially flat from the previous week at CNY 5,900 ($948.74) per kilogram. At CNY 5,900 ($948.74) per kilogram, the price of europium oxide did not change since the previous week. Lanthanum oxide prices held steady from the previous week at CNY 50,500 ($8,121) per metric ton.

Prices for praseodymium neodymium oxide remained constant, closing the week at CNY 312,500 ($50,251) per metric ton. Rare earth carbonate traded sideways last week, hovering around CNY 32,500 ($5,226) per metric ton. At CNY 52,500 ($8,442) per metric ton, the week finished with no movement for samarium oxide. Closing at CNY 7,850 ($1,262) per kilogram, terbium metal remained unchanged for the week.

Terbium oxide remained essentially flat from the previous week at CNY 3,900 ($627.13) per kilogram. Following a steady week, prices for yttria closed flat at CNY 117,500 ($18,894) per metric ton. At CNY 400.00 ($64.32) per kilogram, the price of yttrium did not change since 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.