Rare earth market price developments in June 2012
June 21.06.2012, XNUMX www.institut-seltene-erden.org - Most rare earths prices stayed low this month. However, some saw movements based on demand.
The price of Europium Oxide was the largest loss, with a trading price per share of 9%. The prices of Lanthanum Oxyd fell by 5,06% to RMB 74,000 (RMB = Chinese Yuan Renmimbi 1 EURO = approx. 8 RMB) per metric ton.
Prices for praseodymium remained low and closed at the end of the week with RMB 30.000 pmt. Prices of yttrium oxide fell by RMB 160,000 pmt and praseodymium oxide was down a bit in the trade.
Neodymium oxides have remained constant so far, but show a declining trend. Experts assume that the price will be reduced by 20% within the next three months.
Other rare earth prices tend to trade sideways, for most of the month, with no significant fluctuations.
Source: Institute for Rare Earths and Metals eV - www.institut-seltene-erden.org
