Rare Earths MMI®: Yttria Falls by 7.7%

After falling 7.7 percent, yttria landed at CNY 60,000 ($9,917) per metric ton and making it the week’s biggest mover on the weekly Rare Earths MMI®. Cerium oxide finished the week at CNY 24,000 ($3,967) per metric ton after falling 4.0 percent. Rare earth carbonate dropped 3.8 percent over the past week to CNY 25,000 ($4,132) per metric ton.

After a 2.6 percent decline, samarium oxide closed out the week at CNY 18,500 ($3,058) per metric ton. Praseodymium oxide prices were off slightly at CNY 575,000 ($95,036) per metric ton, down from CNY 580,000 ($95,855) a week ago. Praseodymium oxide fell 0.9 percent over the past week to CNY 575,000 ($95,036) per metric ton. Dysprosium oxide remained essentially flat from the previous week at CNY 1,750 ($289.24) per kilogram.

Closing at CNY 23,000 ($3,801) per metric ton, lanthanum oxide remained unchanged for the week. Following a steady week, prices for neodymium closed flat at CNY 405,000 ($66,901) per metric ton. Neodymium oxide prices held steady from the previous week at CNY 315,000 ($52,063) per metric ton. At CNY 315,000 ($52,063) per metric ton, the price of praseodymium neodymium oxide did not change since the previous week.

Terbium metal prices held steady from the previous week at CNY 4,900 ($809.87) per kilogram. At CNY 3,400 ($561.95) per kilogram, the price of terbium oxide did not change since the previous week. At CNY 290.00 ($47.93) 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.