Rare Earths MMI®: Yttria Falls by 7.1%

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A 7.1 percent decline in yttria made it the biggest mover of the week, closing at CNY 65,000 ($10,707) per metric ton on the weekly Rare Earths MMI®. Samarium oxide dropped 5.0 percent over the past week to CNY 19,000 ($3,130) per metric ton. Lanthanum oxide prices fell to CNY 23,000 ($3,789) per metric ton, down from CNY 24,000 ($3,946) a week ago.

After a 2.8 percent decline, terbium oxide closed out the week at CNY 3,500 ($576.52) per kilogram. Praseodymium neodymium oxide fell 1.5 percent over the past week to CNY 320,000 ($52,711) per metric ton. Praseodymium neodymium oxide prices were off slightly at CNY 320,000 ($52,711) per metric ton, down from CNY 325,000 ($53,429) a week ago. Prices for cerium oxide remained constant, closing the week at CNY 25,000 ($4,118) per metric ton.

Following a steady week, prices for europium oxide closed flat at CNY 4,700 ($774.19) per kilogram. Neodymium remained essentially flat from the previous week at CNY 425,000 ($69,999) per metric ton. At CNY 325,000 ($53,534) per metric ton, the price of neodymium oxide did not change since the previous week. Closing at CNY 580,000 ($95,538) per metric ton, praseodymium oxide remained unchanged for the week.

At CNY 28,000 ($4,612) per metric ton, the week finished with no movement for rare earth carbonate. Following a steady week, prices for terbium metal closed flat at CNY 4,900 ($807.13) per kilogram. At CNY 290.00 ($47.77) per kilogram, the week finished with no movement for yttrium.

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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