Rare Earths Price Index Hits All-Time Low – But Be Careful How You Slice It

The monthly Rare Earths MMI® slipped by one point, registering a value of 42 in April – a decrease of 2.3 percent from 43 in March.

Metalminer's rare earth  metal prices index continues as the worst performing MMI of all 10 MMI indexes.

“Like we have seen in previous months, we note that the entire Rare Earth index has not slid; rather, the slide comes down to a few key rare earth metals,” said Lisa Reisman, managing editor of MetalMiner.

“In particular, we see price weakness for yttria, samarium oxide, neodymium oxide, lanthanum oxide and europium oxide,” she continued.

The fact that that the price drops continue to impact only a handful of rare earth metals suggests to apply caution to any press or pundit statements slamming the entire sector. Price has been seen weakness in specific metals based upon the supply and demand fundamentals for that particular metal, but other rare earth metal prices remain well-supported, indicating a market in greater balance.

So despite the index registering a value of 42, Metalminer won't draw general conclusions that all rare earth metal prices have declined.
 

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