Ucore Rare Metals announced this week that it had secured the rights to a new minerals separation technology that had far-reaching potential for all future rare earths projects, in that it is able to separate the entire lanthanide suite, from lanthanum to lutetium, including yttrium and scandium.
Addressing attendees at the Prospectors & Developers Association of Canada’s yearly convention, COO Ken Collison announced that Ucore had entered into an agreement with IBC Advanced Technologies to acquire the exclusive rights to IBC’s SuperLig molecular recognition technology (MRT), which could be applied to separate rare earth elements in mining and recycling applications, as well as in tailings processing applications.
Europium oxide improved by 2.8%, reaching CNY 1,850 ($295.60) per kilogram on the weekly Rare Earths MMI®. Cerium oxide prices held steady from the previous week at CNY 13,000 ($2,077) per metric ton. Dysprosium oxide remained essentially flat from the previous week at CNY 1,800 ($287.61) per kilogram.
At CNY 13,500 ($2,157) per metric ton, the price of lanthanum oxide did not change since the previous week. At CNY 395,000 ($63,115) per metric ton, the week finished with no movement for neodymium. Following a steady week, prices for neodymium closed flat at CNY 395,000 ($63,115) per metric ton. Neodymium oxide traded sideways last week, hovering around CNY 310,000 ($49,533) per metric ton.
Closing at CNY 400,000 ($63,914) per metric ton, praseodymium oxide remained unchanged for the week. Rare earth carbonate prices held steady from the previous week at CNY 25,000 ($3,995) per metric ton. Samarium oxide remained essentially flat from the previous week at CNY 18,000 ($2,876) per metric ton. Following a steady week, prices for terbium metal closed flat at CNY 5,100 ($814.90) per kilogram.
Prices for terbium oxide remained constant, closing the week at CNY 4,000 ($639.14) per kilogram. At CNY 35,000 ($5,592) per metric ton, the price of yttria did not change since the previous week. At CNY 270.00 ($43.14) per kilogram, the week finished with no movement for yttrium.
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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.