The rare earths complex saw a mixed bag over the last week as far as rising, falling and flat movement goes. Lynas Corp has been battling protesters in Malaysia, Molycorp has been battling dismal share prices, and China’s been battling economic malaise in general – news that, quite frankly, doesn’t bode well for a number of metals markets.
For a more complete monthly rundown on what exactly is going on in the REE space, check out our Monthly Rare Earths MMI® story.
Yttrium Price, Neodymium Oxide Price at Odds
Closing at CNY 270.00 ($43.75) per kilogram on the weekly Rare Earths MMI®, yttrium finished as the week’s biggest mover with a 3.6 percent decline. Europium oxide saw a 3.4 percent drop-off this week to end at CNY 2,800 ($453.71) per kilogram. The price of praseodymium neodymium oxide declined 1.6 percent over the past week, settling at CNY 310,000 ($50,232) per metric ton.
Dysprosium oxide prices were off slightly at CNY 1,450 ($234.95) per kilogram, down from CNY 1,460 ($237.67) a week ago. Closing at CNY 15,000 ($2,431) per metric ton, cerium oxide remained unchanged for the week. At CNY 15,000 ($2,431) per metric ton, the week finished with no movement for cerium oxide. Prices for lanthanum oxide remained constant, closing the week at CNY 16,000 ($2,593) per metric ton.
Neodymium oxide traded sideways last week, hovering around CNY 295,000 ($47,801) per metric ton. Following a steady week, prices for praseodymium oxide closed flat at CNY 530,000 ($85,880) per metric ton. Rare earth carbonate remained essentially flat from the previous week at CNY 25,000 ($4,051) per metric ton. Prices for samarium oxide remained constant, closing the week at CNY 18,500 ($2,998) per metric ton.
Terbium metal prices held steady from the previous week at CNY 4,200 ($680.56) per kilogram. At CNY 2,800 ($453.71) per kilogram, the week finished with no movement for terbium oxide. Following a steady week, prices for yttria closed flat at CNY 40,000 ($6,482) per metric ton.
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.