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rare earths.
What do they do?
Enhancing Environmental Protection
Enabling Digital Technology
Improving Energy Efficiency
Where do they come from?
What are they?
What are their prices?
What are their prices?
The first point to note about Rare Earths prices is that there is significant variance in the relative market value for selected Rare Earths oxides. Secondly, the price of Rare Earths depends on the purity level, which is largely set by the specifications for each application.
The table below shows the average annual price for a 'standard' 99% purity of individual elements and for the generic composite of Rare Earths equivalent to the Rare Earths distribution at Mt Weld. Prices are quoted in US$/kg on an FOB China basis. Note that higher purity oxides and other value added properties will attract higher prices than those shown.
Rare Earth Oxide Mt Weld Distribution 2005 2006 Q1 2007 Q2 2007 Q3 2007
Q4 2007
3/3/08
Lanthanum Oxide 25.50% 1.58 2.14 2.31 2.82 4.09 4.43 6.20
Cerium Oxide 46.74% 1.41 1.64 1.92 2.62 3.79 3.71 4.00
Neodymium Oxide 18.50% 7.26 15.81 24.18 31.14 35.35 29.80 32.50
Praseodymium Oxide 5.32% 7.26 14.89 22.60 30.33 34.63 28.13 30.00
Samarium Oxide 2.27% 2.57 2.44 2.40 3.15 4.40 4.40 4.75
Dysprosium Oxide 0.124% 2.57 72.60 85.50 88.3 90.8 91.3 110
Europium Oxide 0.443% 278 244 255 310.8 370.4 354.2 450
Terbium Oxide 0.068% 309 472 571 575.4 604.6 609.2 710
Av. Mt Weld Composition 4.44 6.64 8.93 11.39 13.61 12.21 13.93
Note: Mt Weld distribution totals 98.9%, the balance is made up of Gadolinium, Holmium, Erbium and Yttrium oxides. Regular pricing information is not available for these metals.
The quarterly average price for the Mt Weld composition of Rare Earths has increased 76% from US$5.07/kg for the period ending Q1 2006 to US$8.93/kg for the period ending Q1 2007.
there you go, mord. later, thomas
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Quarterly Report
Lynas Quarterly Report for the period ending 31 December 2007 was released to the ASX on Wednesday 30 January 2008.
RareEarths Market Report
BCC Research reports that the value of Mt Weld Rare Earths is expected to increase by 40-80% by 2008
Broker Reports
Patersons Securities Limited latest Broker Report Looming Rare Earth supply deficit (28 November 2007)
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