Rare Earths MMI®: 4.5% Decrease for Europium Oxide

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Metal Prices, Premium

Europium oxide finished as the week’s biggest mover on the weekly Rare Earths MMI® after dropping 4.5 percent and landing at CNY 5,250 ($847.71) per kilogram. Closing at CNY 39,000 ($6,297) per metric ton, cerium oxide remained unchanged for the week. At CNY 2,025 ($326.98) per kilogram, the price of dysprosium oxide did not change since the previous week.

Lanthanum oxide traded sideways last week, hovering around CNY 34,000 ($5,490) per metric ton. Neodymium prices held steady from the previous week at CNY 425,000 ($68,407) per metric ton. Neodymium remained essentially flat from the previous week at CNY 425,000 ($68,407) per metric ton. Following a steady week, prices for neodymium oxide closed flat at CNY 325,000 ($52,478) per metric ton.

Prices for praseodymium oxide remained constant, closing the week at CNY 367,500 ($59,340) per metric ton. At CNY 27,500 ($4,440) per metric ton, the week finished with no movement for rare earth carbonate. Samarium oxide remained essentially flat from the previous week at CNY 47,500 ($7,670) per metric ton. Prices for terbium metal remained constant, closing the week at CNY 7,850 ($1,268) per kilogram.

Terbium oxide prices held steady from the previous week at CNY 3,900 ($629.73) per kilogram. Yttria traded sideways last week, hovering around CNY 87,500 ($14,129) per metric ton. At CNY 400.00 ($64.59) 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.