Rare Earths MMI®: Praseodymium Neodymium Oxide Rises 1.4%

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Prices for praseodymium neodymium oxide saw the biggest increase on the weekly Rare Earths MMI® this week, rising 1.4 percent and settling at CNY 360,000 ($59,056) per metric ton. Cerium oxide prices held steady from the previous week at CNY 28,500 ($4,675) per metric ton. Dysprosium oxide remained essentially flat from the previous week at CNY 2,150 ($352.69) per kilogram.

At CNY 4,900 ($803.82) per kilogram, the week finished with no movement for europium oxide. Lanthanum oxide traded sideways last week, hovering around CNY 28,000 ($4,593) per metric ton. At CNY 28,000 ($4,593) per metric ton, the price of lanthanum oxide did not change since the previous week. Following a steady week, prices for neodymium closed flat at CNY 450,000 ($73,549) per metric ton.

Prices for praseodymium oxide remained constant, closing the week at CNY 570,000 ($93,505) per metric ton. Closing at CNY 27,500 ($4,511) per metric ton, rare earth carbonate remained unchanged for the week. Samarium oxide prices held steady from the previous week at CNY 23,000 ($3,773) per metric ton. Following a steady week, prices for terbium metal closed flat at CNY 4,900 ($803.82) per kilogram.

At CNY 4,150 ($680.78) per kilogram, the week finished with no movement for terbium oxide. Prices for yttria remained constant, closing the week at CNY 80,000 ($13,124) per metric ton. Yttrium remained essentially flat from the previous week at CNY 280.00 ($45.93) per kilogram.

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.

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