Molycorp, the US-based rare earth metals producer, disclosed a Q2 loss earlier this summer – and this week, MetalMiner’s REE index reflects a couple lower price points that could have affected their bottom line. Meanwhile, Lynas Corp.’s stock has been trading 4-5 percent higher lately.
The week’s biggest mover on the weekly Rare Earths MMI® was the price of dysprosium oxide, which saw an 8.0 percent decline. This comes on the heels of a 11.1 percent increase the week before.
However, finishing the fourth week of rising prices, the price of praseodymium oxide increased by 3.6 percent. The price of neodymium oxide rose 1.4 percent over the past week. This was the fourth week in a row of increasing prices.
Following a 1.4 percent increase in the week prior, the price of praseodymium neodymium oxide fell 1.4 percent last week. The price of neodymium finished the week 1.1 percent higher. This was the third week in a row of increasing prices. Cerium oxide remained unchanged for the week.
Lanthanum oxide prices held steady from the previous week, as did the prices of rare earth carbonate, samarium oxide, terbium metal and yttria, among others.
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.