Terbium oxide saw a 9.0 percent decline this week, finishing at CNY 3,550 ($575.95) per kilogram and making it the week’s biggest mover on the weekly Rare Earths MMI®. The past week saw europium oxide close at CNY 4,550 ($738.19) per kilogram after a 6.2 percent decline. Dysprosium oxide dropped 5.6 percent over the past week to CNY 1,675 ($271.75) per kilogram.
Cerium oxide remained essentially flat from the previous week at CNY 36,500 ($5,922) per metric ton. Following a steady week, prices for lanthanum oxide closed flat at CNY 34,000 ($5,516) per metric ton. Prices for lanthanum oxide remained constant, closing the week at CNY 34,000 ($5,516) per metric ton. At CNY 425,000 ($68,407) per metric ton, the price of neodymium did not change since the previous week.
At CNY 287,500 ($46,644) per metric ton, the week finished with no movement for praseodymium neodymium oxide. Praseodymium oxide prices held steady from the previous week at CNY 367,500 ($59,623) per metric ton. Closing at CNY 27,500 ($4,462) per metric ton, rare earth carbonate remained unchanged for the week. Samarium oxide traded sideways last week, hovering around CNY 47,500 ($7,706) per metric ton.
Closing at CNY 7,850 ($1,274) per kilogram, terbium metal remained unchanged for the week. Yttria remained essentially flat from the previous week at CNY 87,500 ($14,196) per metric ton. Yttrium prices held steady from the previous week at CNY 400.00 ($64.90) 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.