With another weekly price increase, one wonders if the hopes of Molycorp, Inc. and Lynas Corp. are rising and the rare earths complex is in a sustainable upward trend.
With a 11.1 percent increase over the past week, dysprosium oxide was the biggest mover on our weekly Rare Earths MMI®. With a 9.4 percent climb, yttrium claimed one of the largest gains. Another of the big movers this week was neodymium, which shot up 8.5 percent.
The price of terbium oxide increased 4.8 percent this week. Terbium metal prices rose 4.3 percent over the past week. A 3.2 percent jump caught the week’s heaviest change for yttria.
The price of praseodymium oxide rose 2.8 percent over the past week. This was the fourth week in a row of increasing prices. Finishing the fourth week of rising prices, the price of europium oxide increased by 2.0 percent. Praseodymium neodymium oxide rose by a slight 1.4 percent. Cerium oxide remained unchanged for the week.
Lanthanum oxide did not change since the previous week. Neither did rare earth carbonate, nor samarium oxide.
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.