Lynas Corp. stocks “tumbled 8.5 percent in Sydney after posting a wider first-half loss and saying it needs additional funding,” reports Bloomberg.
Meanwhile, the week’s biggest mover on the weekly Rare Earths MMI®, praseodymium neodymium oxide jumped 6.3 percent to close. With a 4.8 percent climb, neodymium oxide claimed the week’s largest gain. Lanthanum oxide weakened by 4.2 percent to land.
The price of cerium oxide decreased, a 4.0 percent decline from the previous week. In the past week, the price of neodymium shot up 3.6 percent. Neodymium climbed 3.6 percent increase. The price of dysprosium oxide did not change since the previous week.
Praseodymium oxide remained essentially flat from the previous week. The week finished with no movement for rare earth carbonate. Samarium oxide remained unchanged for the week. Terbium metal traded sideways last week.
Prices for terbium oxide remained constant. Following a steady week, prices for yttria closed flat. Yttrium prices held steady from 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.