Looks like Australia’s Lynas Corp. may have an easier ride in the next several years following the Malaysian election outcome.
Via Forbes: “Lynas Corp…built [its] rare-earth refinery in Malaysia in the face of local opposition. Opposition candidates had promised to reexamine the mining license. Now it seems that the $800 million plant in Kuantan, which opened in February, should have a smoother run. Shares in Lynas [had risen] 15% to A$0.57” in Sydney following the election.
However, rare earths prices are still very low. What happened on our price index this week?
Current Rare Earth Metal and Oxide Prices
The Rare Earths MMI® metals had a quiet week, with cerium oxide hovering in place. Dysprosium oxide remained essentially flat from the previous week, and the week finished with no movement for europium oxide.
Following a steady week, prices for lanthanum oxide, neodymium, neodymium oxide, rare earth carbonate and samarium oxide also traded sideways last week.
The rest of the complex kept quiet as well.
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.