After drifting 3.4 percent, yttrium dropped to CNY 280.00 ($45.76) per kilogram making it the biggest mover on the weekly Rare Earths MMI® this week. The price of dysprosium oxide dropped 2.3 percent this week, closing out the third consecutive week of falling prices at CNY 2,150 ($351.34) per kilogram. After a 2.0 percent decline, europium oxide closed out the week at CNY 4,900 ($800.72) per kilogram.
Neodymium oxide fell 1.4 percent over the past week to CNY 355,000 ($58,011) per metric ton. The price of terbium oxide declined 1.2 percent over the past week, settling at CNY 4,150 ($678.16) per kilogram. Terbium oxide saw a 1.2 percent decline over the past week to CNY 4,150 ($678.16) per kilogram. Prices for cerium oxide remained constant, closing the week at CNY 28,500 ($4,657) per metric ton.
Neodymium remained essentially flat from the previous week at CNY 450,000 ($73,549) per metric ton. At CNY 355,000 ($58,011) per metric ton, the price of praseodymium neodymium oxide did not change since the previous week. Praseodymium oxide prices held steady from the previous week at CNY 570,000 ($93,145) per metric ton. 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. Following a steady week, prices for terbium metal closed flat at CNY 4,900 ($800.72) per kilogram. At CNY 80,000 ($13,073) per metric ton, the price of yttria did not change since the previous 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.