Open/Close Mobile Menu Open/Close Mobile Menu

Pricing Notice: IM suspends rare earths pricing

By IM Staff
Published: Wednesday, 01 November 2017

Industrial Minerals has suspended its rare earths prices.

Industrial Minerals has suspended its rare earths pricing and invites market participants to enter into a consultation to establish requirements going forward.

In recent months Chinese producers of rare earths have started to publish their rare earths prices publicly while the industry there takes steps to consolidate the market and improve market conditions.

Industrial Minerals regularly reviews its pricing offering to ensure we deliver the most up to date and robust pricing in the industry.

The following prices have been suspended as of mid-October:

  • Cerium oxide, min 99%, fob, China, $/kg, bulk
  • Dysprosium oxide, min 99%, fob, China, $/kg, bulk
  • Europium oxide, min 99%, fob, China, $/kg, bulk
  • Lanthanum oxide, min 99%, fob, China, $/kg, bulk 
  • Neodymium oxide, min 99%, fob, China, $/kg, bulk
  • Praseodymium oxide, min 99%, fob, China, $/kg, bulk
  • Samarium oxide, min 99%, fob, China, $/kg, bulk

The consultation period for these suspensions will end one month from the date of this pricing notice, on December 1 2017, with changes taking place from mid-October.

Industrial Minerals has no financial interest in the level or the direction of the index.

To provide feedback on this price suspension, or if you would like to provide price information by becoming a data submitter, please contact Barbara O'Donovan by email at  pricing@indmin.com. Please add the subject heading FAO: Barbara O'Donovan, re: rare earths prices.

To see all Industrial Mineral's pricing methodology and specification documents go to: www.indmin.com/Methodology

Industrial Minerals will continue to publish rare earths market news as well as producer pricing while this consultation takes place. To stay up to date please see our Rare Earths section of the website.