A 79.3 percent improvement on the weekly Rare Earths MMI® made dysprosium oxide the week’s biggest mover, closing at CNY 2,600 ($424.06) per kilogram. A 47.6 percent jump caught the week’s heaviest change for yttria. Terbium oxide rose 34.5 percent over the past week to CNY 3,900 ($636.10) per kilogram.
Neodymium oxide prices climbed to CNY 320,000 ($52,193) per metric ton, up from CNY 255,000 ($41,556) a week ago. Praseodymium oxide closed last week at CNY 465,000 ($75,842) per metric ton, after a 24.0 percent rise in price. Over the past week, praseodymium oxide rose 24.0 percent to CNY 465,000 ($75,842) per metric ton. In the past week, the price of praseodymium neodymium oxide shot up 23.6 percent to CNY 340,000 ($55,455) per metric ton.
One of the big movers this week was yttrium, which shot up 3.9 percent to reach CNY 265.00 ($43.22) per kilogram. Finishing at CNY 28,000 ($4,567) per metric ton for the week, lanthanum oxide climbed 3.7 percent increase. With a 3.6 percent climb, cerium oxide claimed the week’s largest gain, settling at CNY 28,500 ($4,648) per metric ton. Neodymium traded sideways last week, hovering around CNY 335,000 ($54,531) per metric ton.
Following a steady week, prices for rare earth carbonate closed flat at CNY 27,500 ($4,485) per metric ton. At CNY 23,000 ($3,751) per metric ton, the price of samarium oxide did not change since the previous week. At CNY 4,700 ($766.58) per kilogram, the week finished with no movement for terbium metal.
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.