Are China’s rare earth prices looking up? China Nonferrous Metal Industry’s Foreign Engineering and Construction Co. (NFC), “China’s third-largest rare-earth producer said it was raising funds via private placement in part to build a processing plant for rare-earth oxides. The decision…to build the new plant in southern China’s Guandong province is the latest sign that the country’s efforts to consolidate the rare-earth industry and promote value-added processing in the sector are bearing fruit.” reports The Wall Street Journal.
Consistent prices for Rare Earths MMI® metals continued through the week, where cerium oxide held steady. Dysprosium oxide remained essentially flat from the previous week. Europium oxide remained unchanged for the week.
Prices for lanthanum oxide remained constant. The week finished with no movement for neodymium. The price of neodymium did not change since the previous week. Following a steady week, prices for neodymium oxide closed flat.
Praseodymium oxide traded sideways last week. Rare earth carbonate prices held steady from the previous week. Prices for samarium oxide remained constant. Terbium metal prices held steady from the previous week.
Terbium oxide remained essentially flat from the previous week. The week finished with no movement for yttria. Yttrium traded sideways last 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.