Lanthanum oxide finished as the week’s biggest mover on the weekly Rare Earths MMI® after dropping 6.4 percent and landing at CNY 36,500 ($5,819) per metric ton. The past week saw cerium oxide close at CNY 39,000 ($6,217) per metric ton after a 6.0 percent decline. The price of praseodymium neodymium oxide rose 1.7 percent to CNY 307,500 ($49,020) per metric ton after falling 3.2 percent during the previous week.
Praseodymium oxide fell 1.3 percent over the past week to CNY 367,500 ($58,585) per metric ton. Closing at CNY 2,025 ($322.82) per kilogram, dysprosium oxide remained unchanged for the week. Dysprosium oxide remained essentially flat from the previous week at CNY 2,025 ($322.82) per kilogram. Europium oxide prices held steady from the previous week at CNY 5,700 ($908.67) per kilogram.
At CNY 345,000 ($54,998) per metric ton, the week finished with no movement for neodymium oxide. Rare earth carbonate remained essentially flat from the previous week at CNY 27,500 ($4,384) per metric ton. Samarium oxide traded sideways last week, hovering around CNY 52,500 ($8,369) per metric ton. Closing at CNY 7,850 ($1,251) per kilogram, terbium metal remained unchanged for the week.
Following a steady week, prices for terbium oxide closed flat at CNY 3,900 ($621.72) per kilogram. At CNY 117,500 ($18,731) per metric ton, the price of yttria did not change since the previous week. Prices for yttrium remained constant, closing the week at CNY 400.00 ($63.77) 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.