Yttria saw a 25.5 percent decline this week, finishing at CNY 87,500 ($13,916) per metric ton and making it the week’s biggest mover on the weekly Rare Earths MMI®. Samarium oxide weakened by 9.5 percent to land at CNY 47,500 ($7,554) per metric ton. Lanthanum oxide finished the week at CNY 34,000 ($5,407) per metric ton after falling 6.8 percent.
Neodymium oxide dropped 5.8 percent over the past week to CNY 325,000 ($51,688) per metric ton. Europium oxide saw a 3.5 percent drop-off this week to end at CNY 5,500 ($874.71) per kilogram. The past week saw europium oxide close at CNY 5,500 ($874.71) per kilogram after a 3.5 percent decline. Cerium oxide remained essentially flat from the previous week at CNY 39,000 ($6,203) per metric ton.
Neodymium traded sideways last week, hovering around CNY 425,000 ($68,331) per metric ton. Closing at CNY 307,500 ($48,904) per metric ton, praseodymium neodymium oxide remained unchanged for the week. At CNY 367,500 ($58,447) per metric ton, the price of praseodymium oxide did not change since the previous week. At CNY 27,500 ($4,374) per metric ton, the week finished with no movement for rare earth carbonate.
Following a steady week, prices for terbium metal closed flat at CNY 7,850 ($1,248) per kilogram. Terbium oxide prices held steady from the previous week at CNY 3,900 ($620.25) per kilogram. At CNY 400.00 ($63.62) per kilogram, the week finished with no movement for 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.