After falling 7.4 percent, lanthanum oxide landed at CNY 31,500 ($5,119) per metric ton and making it the week’s biggest mover on the weekly Rare Earths MMI®. The price of cerium oxide decreased to CNY 34,000 ($5,525) per metric ton, a 6.8 percent decline from the previous week. Terbium oxide prices fell to CNY 3,400 ($552.54) per kilogram, down from CNY 3,550 ($575.95) a week ago.
The price of europium oxide fell 3.3 percent over the past week to CNY 4,400 ($715.06) per kilogram. This was the fourth week in a row of declining prices. Praseodymium neodymium oxide saw a 1.7 percent decline over the past week to CNY 282,500 ($45,910) per metric ton. After a 1.7 percent decline, praseodymium neodymium oxide closed out the week at CNY 282,500 ($45,910) per metric ton. At CNY 1,675 ($272.21) per kilogram, the price of dysprosium oxide did not change since the previous week.
Neodymium oxide remained essentially flat from the previous week at CNY 325,000 ($52,817) per metric ton. Praseodymium oxide traded sideways last week, hovering around CNY 367,500 ($59,723) per metric ton. Prices for rare earth carbonate remained constant, closing the week at CNY 27,500 ($4,469) per metric ton. Following a steady week, prices for samarium oxide closed flat at CNY 47,500 ($7,719) per metric ton.
Terbium metal prices held steady from the previous week at CNY 7,850 ($1,276) per kilogram. At CNY 87,500 ($14,220) per metric ton, the week finished with no movement for yttria. Yttrium prices held steady from the previous week at CNY 400.00 ($65.01) 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.