Lynas Corp. is suffering reduced output from its processing plant in Malaysia, while MetalMiner’s rare earths price index kept steady.
“Lynas had outlined in its June quarterly report that its processing plant had encountered ‘clogging and premature wearing’ of equipment in the early stages of Phase 1. While the cracking section of the plant has been refurbished, work continues on the leaching plant,” according to The Australian.
Meanwhile, consistent prices for Rare Earths MMI® metals continued through the week, where cerium oxide held steady. The price of dysprosium oxide did not change since the previous week. Europium oxide remained essentially flat from the previous week.
Prices for lanthanum oxide remained constant. Following a steady week, prices for neodymium closed flat. Neodymium prices held steady from the previous week. The week finished with no movement for neodymium oxide.
Praseodymium oxide remained unchanged for the week. Following a steady week, prices for rare earth carbonate closed flat. Samarium oxide remained essentially flat from the previous week. Prices for terbium metal remained constant.
Terbium oxide traded sideways last week. The price of yttria did not change since the previous week. Yttrium prices held steady from 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.