A 25.3 percent improvement on the weekly Rare Earths MMI® made terbium metal the week’s biggest mover, closing at CNY 4,700 ($765.24) per kilogram. Terbium oxide prices climbed to CNY 2,900 ($472.17) per kilogram, up from CNY 2,450 ($399.05) a week ago. Over the past week, europium oxide rose 15.2 percent to CNY 3,800 ($618.71) per kilogram.
One of the big movers this week was praseodymium neodymium oxide, which shot up 14.6 percent to reach CNY 275,000 ($44,775) per metric ton. Dysprosium oxide closed last week at CNY 1,450 ($236.09) per kilogram, after a 13.7 percent rise in price. In the past week, the price of dysprosium oxide shot up 13.7 percent to CNY 1,450 ($236.09) per kilogram. Finishing at CNY 375,000 ($61,057) per metric ton for the week, praseodymium oxide climbed 8.7 percent increase.
Cerium oxide traded sideways last week, hovering around CNY 27,500 ($4,477) per metric ton. Lanthanum oxide prices held steady from the previous week at CNY 27,000 ($4,396) per metric ton. At CNY 335,000 ($54,658) per metric ton, the week finished with no movement for neodymium. Closing at CNY 27,500 ($4,477) per metric ton, rare earth carbonate remained unchanged for the week.
At CNY 23,000 ($3,745) per metric ton, the price of samarium oxide did not change since the previous week. Prices for yttria remained constant, closing the week at CNY 52,500 ($8,548) per metric ton. Following a steady week, prices for yttrium closed flat at CNY 255.00 ($41.52) per kilogram.
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.