Rare Earths MMI®: Neodymium Falls by 21.2%

by on
Style:
Category:
Metal Prices, Premium

Neodymium finished as the week’s biggest mover on the weekly Rare Earths MMI® after dropping 21.2 percent and landing at CNY 335,000 ($54,644) per metric ton. The price of yttrium rose 18.6 percent to CNY 255.00 ($41.59) per kilogram after falling 20.4 percent during the previous week. Dysprosium oxide rose 4.3 percent over the past week to CNY 1,200 ($195.74) per kilogram.

In the past week, terbium oxide saw its price shift up 2.1 percent to CNY 2,450 ($399.64) per kilogram. At CNY 28,000 ($4,567) per metric ton, the price of cerium oxide did not change since the previous week. Cerium oxide traded sideways last week, hovering around CNY 28,000 ($4,567) per metric ton. Closing at CNY 3,300 ($538.29) per kilogram, europium oxide remained unchanged for the week.

At CNY 255,000 ($41,595) per metric ton, the week finished with no movement for neodymium oxide. Following a steady week, prices for praseodymium neodymium oxide closed flat at CNY 240,000 ($39,148) per metric ton. Prices for praseodymium oxide remained constant, closing the week at CNY 345,000 ($56,275) per metric ton. Rare earth carbonate remained essentially flat from the previous week at CNY 27,500 ($4,486) per metric ton.

Samarium oxide prices held steady from the previous week at CNY 23,000 ($3,752) per metric ton. Closing at CNY 3,750 ($611.69) per kilogram, terbium metal remained unchanged for the week. Prices for yttria remained constant, closing the week at CNY 57,500 ($9,379) per metric ton.

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.