Huge price falls characterized MetalMiner’s weekly rare earths price index.
After falling 22.8 percent, lanthanum oxide was the biggest mover on the weekly Rare Earths MMI®. Cerium oxide weakened by 17.0 percent. Rare earth carbonate finished the week after falling 15.4 percent.
Neodymium oxide dropped 8 percent over the past week. Europium oxide prices fell $30 per kilogram, down from a week ago. Europium oxide saw a 3.4 percent drop-off this week. The past week saw praseodymium neodymium oxide close after a 3.2 percent decline.
Praseodymium oxide fell 0.7 percent over the past week.
Neodymium prices held steady from the previous week. The week also finished with no movement for samarium oxide, terbium metal, terbium oxide, yttria and yttrium.
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.