With a 11.1 percent increase over the past week, dysprosium oxide was the biggest mover on the weekly Rare Earths MMI®. With a 9.4 percent climb, yttrium claimed the week’s largest gain, settling at CNY 290.00 ($47.39) per kilogram. One of the big movers this week was neodymium, which shot up 8.5 percent to reach CNY 445,000 ($72,715) per metric ton.
The price of terbium oxide increased 4.8 percent this week, closing out the fourth consecutive week of rising prices at CNY 4,400 ($718.98) per kilogram. Terbium metal prices climbed to CNY 4,900 ($800.68) per kilogram, up from CNY 4,700 ($768.51) a week ago. Terbium metal rose 4.3 percent over the past week to CNY 4,900 ($800.68) per kilogram. 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 to CNY 550,000 ($89,872) per metric ton. 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, finishing at CNY 5,000 ($817.02) per kilogram. Closing at CNY 370,000 ($60,460) per metric ton for the week, praseodymium neodymium oxide rose by a slight 1.4 percent. Closing at CNY 28,500 ($4,657) per metric ton, cerium oxide remained unchanged for the week.
At CNY 28,000 ($4,575) per metric ton, the price of lanthanum oxide did not change since the previous week. At CNY 27,500 ($4,494) per metric ton, the week finished with no movement for rare earth carbonate. Samarium oxide traded sideways last week, hovering around CNY 23,000 ($3,758) 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. 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.