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.