Closing at CNY 27,000 ($4,447) per metric ton on the weekly Rare Earths MMI®, rare earth carbonate finished as the week’s biggest mover with a 3.6 percent decline. After a 2.7 percent decline, dysprosium oxide closed out the week at CNY 1,800 ($296.47) per kilogram. Cerium oxide traded sideways last week, hovering around CNY 25,000 ($4,118) per metric ton.
Following a steady week, prices for europium oxide closed flat at CNY 4,700 ($774.11) per kilogram. Closing at CNY 23,000 ($3,788) per metric ton, lanthanum oxide remained unchanged for the week. Lanthanum oxide remained essentially flat from the previous week at CNY 23,000 ($3,788) per metric ton. Neodymium prices held steady from the previous week at CNY 425,000 ($69,999) per metric ton.
At CNY 320,000 ($52,705) per metric ton, the price of praseodymium neodymium oxide did not change since the previous week. Prices for praseodymium oxide remained constant, closing the week at CNY 580,000 ($95,528) per metric ton. At CNY 19,000 ($3,129) per metric ton, the week finished with no movement for samarium oxide. Terbium metal remained essentially flat from the previous week at CNY 4,900 ($807.05) per kilogram.
Terbium oxide prices held steady from the previous week at CNY 3,500 ($576.46) per kilogram. Prices for yttria remained constant, closing the week at CNY 65,000 ($10,706) per metric ton. At CNY 290.00 ($47.76) 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.