Lynas Corporation‘s debt restructuring has hit a hurdle (which rare earths prices on our weekly index dropped). If you’d like to know more about Lynas and Nomura’s dust-up, let this intense-looking lady tell you all about it:
The main takeaway for us, though: “Lynas Corp widened its net loss to $59.3 million in the first half of the 2014 financial year,” according to the Finance News Network article. Ouch.
Neodymium, Europium Oxide Price Drops Lead Way
The week’s biggest mover on the weekly Rare Earths MMI® was europium oxide, which saw a 1.8 percent decline to CNY 2,750 ($448.34) per kilogram. Neodymium fell 1.3 percent over the past week to CNY 385,000 ($62,768) per metric ton. Following a steady week, prices for cerium oxide closed flat at CNY 15,000 ($2,446) per metric ton.
Prices for dysprosium oxide remained constant, closing the week at CNY 1,450 ($236.40) per kilogram. Closing at CNY 16,000 ($2,609) per metric ton, lanthanum oxide remained unchanged for the week. Lanthanum oxide prices held steady from the previous week at CNY 16,000 ($2,609) per metric ton. Prices for neodymium oxide remained constant, closing the week at CNY 295,000 ($48,095) per metric ton.
At CNY 530,000 ($86,408) per metric ton, the week finished with no movement for praseodymium oxide. Rare earth carbonate remained essentially flat from the previous week at CNY 25,000 ($4,076) per metric ton. At CNY 18,500 ($3,016) per metric ton, the price of samarium oxide did not change since the previous week. Terbium metal traded sideways last week, hovering around CNY 4,200 ($684.74) per kilogram.
Following a steady week, prices for terbium oxide closed flat at CNY 2,800 ($456.50) per kilogram. At CNY 40,000 ($6,521) per metric ton, the price of yttria did not change since the previous week. Yttrium prices held steady from the previous week at CNY 270.00 ($44.02) per kilogram.
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.