Lynas Corp. Drops Save Malaysia Suit, Weekly Rare Earths Prices Down

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Australian rare earth metal miner Lynas Corp. says, “Sigh. Whatever” to the environmentalists.

Via The Star Online: “There is no value in continuing disputes with members of our local community,” said Lynas Corporation Chief Executive Eric Noyrez in a statement. “Therefore, Lynas intends to instruct its solicitors to discontinue its defamation claim against the Save Malaysia Stop Lynas group.”

Apparently the rare earths miner really, really wants its Malaysia operations to work out.

RELATED: The latest Monthly MMI® Report – covering the Rare Earths market!

Current Rare Earths Prices:

today's metal prices - MetalMiner IndXYttria dropped, making it the biggest mover on the weekly Rare Earths MMI® this week after drifting 8.7 percent. Lanthanum oxide saw a 8.5 percent drop-off this week. However, the price of dysprosium oxide finished the week 6.2 percent higher.

The price of neodymium oxide declined 2.0 percent over the past week. After a 1.8 percent decline, cerium oxide closed out the week lower. Cerium oxide prices were off slightly, down from a week ago. The week finished with no movement for europium oxide.

Praseodymium neodymium oxide prices held steady from the previous week, as did rare earth carbonate, samarium oxide, terbium metal and others on the price index.

FREE Download: The latest Monthly MMI® Report – covering the Rare Earths market!

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.