Neodymium oxide saw a 4.3 percent decline this week, finishing at CNY 550,000 ($86,951) per metric ton and making it the week’s biggest mover on the Rare Earths MMI®. For the third week in a row, the price of cerium oxide dropped, falling 4.1 percent to CNY 82,500 ($13,042) per metric ton. Dysprosium oxide dropped four percent over the past week to CNY 4,800 ($758) per kilogram.
Yttria fell 2.8 percent over the past week to CNY 175,000 ($27,666) per metric ton. The price of praseodymium oxide declined 2.8 percent over the past week, settling at CNY 530,000 ($83,789) per metric ton. After a 2.8 percent decline, praseodymium oxide closed out the week at CNY 530,000 ($83,789) per metric ton. Europium oxide saw a 2.3 percent decline over the past week to CNY 8,400 ($1,327) per kilogram.
Terbium oxide gained a slight 0.8 percent this past week, finishing at CNY 6,700 ($1,059) per kilogram. Lanthanum oxide remained essentially flat from the previous week at CNY 82,500 ($13,042) per metric ton. Closing at CNY 715,000 ($113,036) per metric ton, neodymium remained unchanged for the week. At CNY 69,000 ($10,908) per metric ton, the week finished with no movement for rare earth carbonate.
Samarium oxide prices held steady from the previous week at CNY 90,000 ($14,228) per metric ton. Terbium metal traded sideways last week, hovering around CNY 8,750 ($1,383) per kilogram. Prices for yttrium remained constant, closing the week at CNY 690 ($109) 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.