Monthly Rare Earths MMI® Holds Steady at 29

by on
Style:
Category:
Metal Prices, Premium

The monthly Rare Earths MMI® registered a value of 29 in July, on par with June’s value.

The rare earth metals index held steady between June and July with a spate of metals rising in prices, while others dropped. The price leaders include terbium oxide, praseodymium oxide, and praseodymium neodymium oxide, which all saw substantial price increases. Meanwhile, samarium oxide, terbium metal, and neodymium took a big price hit.

“The rare earth market has seen quite a bit of activity this past month due to increasing Japanese demand,” said Lisa Reisman, managing editor of MetalMiner. “Chinese exports have increased in 2013 compared to 2012, but global demand still remains sluggish, which has hampered price increases.”

It was a strong month for dysprosium oxide. The metal posted a 31.8 percent increase, finishing at $236.09 per kilogram. The price of terbium oxide jumped 20.8 percent last month to $472.17 per kilogram. Following a 8.6 percent change in price, europium oxide closed the month at $618.71 per kilogram. Praseodymium neodymium oxide finished the month at $44,775 per metric ton after gaining 5.8 percent. At $61,057 per metric ton, praseodymium oxide finished the month up 5.6 percent.

A 34.3 percent decline for samarium oxide left the price at CNY 23,000 ($3,745) per metric ton. The price of terbium metal fell 24.8 percent to $765.24 per kilogram. Neodymium prices fell 21.2 percent to $54,544 per metric ton. After falling 16.0 percent, yttria finished the month at $8,548 per metric ton. Lanthanum oxide prices dropped by 8.5 percent this month to $4,396 per metric ton. At $41.52 per kilogram, yttrium was down 5.6 percent for the month. The value of cerium oxide weakened by 1.8 percent this month, settling at $4,477 per metric ton.

Hovering around $41,519 per metric ton for the month, neodymium oxide remained unchanged. Prices for rare earth carbonate remained constant this past month, holding at around $4,477 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 over a 30-day period. 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.