Rare Earths MMI®: Terbium Oxide Falls by 4.5%
The biggest mover this week was terbium oxide with a 4.5 percent fall on the weekly Rare Earths MMI® to close the week at CNY 4,200 ($685.78) per kilogram. The past week saw dysprosium oxide close at CNY 2,200 ($359.22) per kilogram after a 4.3 percent decline. Praseodymium neodymium oxide fell 2.7 percent over the past week to CNY 355,000 ($57,965) per metric ton.
Following a 1.4 percent increase in the week prior, the price of neodymium oxide fell 1.4 percent last week to CNY 360,000 ($58,781) per metric ton. Cerium oxide traded sideways last week, hovering around CNY 28,500 ($4,654) per metric ton. Cerium oxide remained essentially flat from the previous week at CNY 28,500 ($4,654) per metric ton. At CNY 5,000 ($816.41) per kilogram, the week finished with no movement for europium oxide.
Prices for neodymium remained constant, closing the week at CNY 450,000 ($73,477) per metric ton. At CNY 570,000 ($93,070) per metric ton, the price of praseodymium oxide did not change since the previous week. Rare earth carbonate traded sideways last week, hovering around CNY 27,500 ($4,490) per metric ton. Samarium oxide remained essentially flat from the previous week at CNY 23,000 ($3,755) per metric ton.
Prices for terbium metal remained constant, closing the week at CNY 4,900 ($800.08) per kilogram. Following a steady week, prices for yttria closed flat at CNY 80,000 ($13,063) per metric ton. Closing at CNY 290.00 ($47.35) per kilogram, yttrium remained unchanged for the week.
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.