Yttria dropped to CNY 52,500 ($8,551) per metric ton 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 to end at CNY 27,000 ($4,398) per metric ton. At CNY 1,275 ($207.67) per kilogram, 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, settling at CNY 250,000 ($40,720) per metric ton. After a 1.8 percent decline, cerium oxide closed out the week at CNY 27,500 ($4,479) per metric ton. Cerium oxide prices were off slightly at CNY 27,500 ($4,479) per metric ton, down from CNY 28,000 ($4,567) a week ago. At CNY 3,300 ($537.50) per kilogram, the week finished with no movement for europium oxide.
Praseodymium neodymium oxide prices held steady from the previous week at CNY 240,000 ($39,091) per metric ton. Following a steady week, prices for praseodymium oxide closed flat at CNY 345,000 ($56,193) per metric ton. Rare earth carbonate remained essentially flat from the previous week at CNY 27,500 ($4,479) per metric ton. Prices for samarium oxide remained constant, closing the week at CNY 23,000 ($3,746) per metric ton.
Terbium metal traded sideways last week, hovering around CNY 3,750 ($610.80) per kilogram. Closing at CNY 2,450 ($399.05) per kilogram, terbium oxide remained unchanged for the week. At CNY 255.00 ($41.53) per kilogram, the price of yttrium did not change since the previous week.
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.