This week saw little change in prices for the Rare Earths MMI®. Cerium oxide kept steady; the week finished with no movement for dysprosium oxide; and europium oxide, along with several other price points in our MetalMiner IndX℠, remained essentially flat.
What’s Causing Current Price Trend?
We can only guess, as the market may be in a holding pattern on the heels of the release of China’s export numbers in 2012.
As we reported earlier this month in our monthly rare earths index update, rare earth prices have dropped because more supply has and will continue to come on-stream, including from Lynas, who as of this writing may have just cleared its last legal hurdle and will commence operations in Malaysia this month.
The increased supply – or at least promises of it – may continue to keep prices depressed.
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.