Rare Earths MMI®: Neodymium 3.6% Lower

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Metal Prices
The week’s biggest mover on the weekly Rare Earths MMI® was neodymium, which saw a 3.6 percent decline to CNY 405,000 ($66,938) per metric ton. The price of europium oxide declined 2.2 percent over the past week, settling at CNY 4,500 ($743.70) per kilogram. Prices for cerium oxide remained constant, closing the week at CNY 25,000 ($4,132) per metric ton.

Following a steady week, prices for dysprosium oxide closed flat at CNY 1,750 ($289.22) per kilogram. At CNY 23,000 ($3,801) per metric ton, the price of lanthanum oxide did not change since the previous week. Lanthanum oxide traded sideways last week, hovering around CNY 23,000 ($3,801) per metric ton. Neodymium oxide prices held steady from the previous week at CNY 315,000 ($52,059) per metric ton.

At CNY 580,000 ($95,855) per metric ton, the week finished with no movement for praseodymium oxide. At CNY 26,000 ($4,297) per metric ton, the price of rare earth carbonate did not change since the previous week. Prices for samarium oxide remained constant, closing the week at CNY 19,000 ($3,140) per metric ton. At CNY 4,900 ($809.81) per kilogram, the week finished with no movement for terbium metal.

Terbium oxide prices held steady from the previous week at CNY 3,400 ($561.91) per kilogram. Following a steady week, prices for yttria closed flat at CNY 65,000 ($10,742) per metric ton. Closing at CNY 290.00 ($47.93) per kilogram, yttrium remained unchanged for the 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.

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