A 3.7 percent decline in rare earth carbonate made it the biggest mover of the week, closing at CNY 26,000 ($4,284) per metric ton on the weekly Rare Earths MMI®. Neodymium oxide dropped 3.1 percent over the past week to CNY 315,000 ($51,900) per metric ton. Terbium oxide fell 2.9 percent over the past week to CNY 3,400 ($560.19) per kilogram.
After a 2.8 percent decline, dysprosium oxide closed out the week at CNY 1,750 ($288.33) per kilogram. Europium oxide saw a 2.1 percent decline over the past week to CNY 4,600 ($757.90) per kilogram. The price of europium oxide declined 2.1 percent over the past week, settling at CNY 4,600 ($757.90) per kilogram. Praseodymium neodymium oxide prices were off slightly at CNY 315,000 ($51,900) per metric ton, down from CNY 320,000 ($52,705) a week ago.
Closing at CNY 25,000 ($4,119) per metric ton, cerium oxide remained unchanged for the week. Lanthanum oxide traded sideways last week, hovering around CNY 23,000 ($3,790) per metric ton. Prices for praseodymium oxide remained constant, closing the week at CNY 580,000 ($95,561) per metric ton. Samarium oxide remained essentially flat from the previous week at CNY 19,000 ($3,130) per metric ton.
Closing at CNY 4,900 ($807.33) per kilogram, terbium metal remained unchanged for the week. Yttria prices held steady from the previous week at CNY 65,000 ($10,709) per metric ton. At CNY 290.00 ($47.78) per kilogram, the price of yttrium did not change since 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.