After falling 22.8 percent, lanthanum oxide landed at CNY 39,000 ($6,269) per metric ton and making it the week’s biggest mover on the weekly Rare Earths MMI®. Cerium oxide weakened by 17.0 percent to land at CNY 41,500 ($6,671) per metric ton. Rare earth carbonate finished the week at CNY 27,500 ($4,421) per metric ton after falling 15.4 percent.
Neodymium oxide dropped 8.0 percent over the past week to CNY 345,000 ($55,458) per metric ton. Europium oxide prices fell to CNY 5,700 ($916.26) per kilogram, down from CNY 5,900 ($948.18) a week ago. Europium oxide saw a 3.4 percent drop-off this week to end at CNY 5,700 ($916.26) per kilogram. The past week saw praseodymium neodymium oxide close at CNY 302,500 ($48,626) per metric ton after a 3.2 percent decline.
Praseodymium oxide fell 0.7 percent over the past week to CNY 372,500 ($59,878) per metric ton. Neodymium prices held steady from the previous week at CNY 425,000 ($68,318) per metric ton. At CNY 52,500 ($8,439) per metric ton, the week finished with no movement for samarium oxide. Prices for terbium metal remained constant, closing the week at CNY 7,850 ($1,262) per kilogram.
At CNY 3,900 ($626.91) per kilogram, the price of terbium oxide did not change since the previous week. Following a steady week, prices for yttria closed flat at CNY 117,500 ($18,888) per metric ton. Closing at CNY 400.00 ($64.30) per kilogram, yttrium remained unchanged for the 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.