Yttria saw a 18.3 percent decline this week, finishing at CNY 71,500 ($11,633) per metric ton and making it the week’s biggest mover on the weekly Rare Earths MMI®. Neodymium oxide dropped 15.4 percent over the past week to CNY 275,000 ($44,743) per metric ton. The past week saw cerium oxide close at CNY 29,000 ($4,718) per metric ton after a 14.7 percent decline.
The price of terbium oxide decreased to CNY 3,150 ($512.51) per kilogram, a 7.4 percent decline from the previous week. Europium oxide saw a 5.7 percent drop-off this week to end at CNY 4,150 ($675.21) per kilogram. Europium oxide prices fell to CNY 4,150 ($675.21) per kilogram, down from CNY 4,400 ($715.06) a week ago. Praseodymium neodymium oxide weakened by 3.5 percent to land at CNY 272,500 ($44,336) per metric ton.
Dysprosium oxide saw a 3.0 percent decline over the past week to CNY 1,625 ($264.39) per kilogram. Neodymium prices held steady from the previous week at CNY 425,000 ($68,407) per metric ton. At CNY 367,500 ($59,793) per metric ton, the price of praseodymium oxide did not change since the previous week. Following a steady week, prices for rare earth carbonate closed flat at CNY 27,500 ($4,474) per metric ton.
Samarium oxide remained essentially flat from the previous week at CNY 47,500 ($7,728) per metric ton. At CNY 7,850 ($1,277) per kilogram, the week finished with no movement for terbium metal. Prices for yttrium remained constant, closing the week at CNY 400.00 ($65.08) 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.