NOST stock quotecontact
RARE EARTH PRICING 

The price of rare earth products has increased significantly over the past 3 years due to the constraints placed on mining, processing and export by the Chinese authorities. This is a trend that is likely to be exacerbated in the coming years despite a temporary decline during the global financial crisis.

Within days of the China Ministry of Commerce announcing a drastic cut in the rare earths export quotas in July 2010 pricing for all rare earth oxides has continued to rise above historical highs. Given that rare earths account for only a minor portion of the cost but a crucial component in hi-tech applications price rises are expected to continue. The impact of ever-tightening supply issues is evident in the price table below.

 

    2004* 2007* 2008* 2009* NOV 19 2010*
Cerium oxide 99% US$/kg 1.57 2.50 4.35 4.50 49.00
Lanthanum oxide 99% US$/kg 1.60 3.10 7.75 6.25 61.00
Praseodymium oxide 99% US$/kg 7.44 28.00 27.00 14.00 72.00
Neodymium oxide 99% US$/kg 5.64 29.00 27.00 14.00 77.00
Dysprosium oxide 99% US$/kg 31.00 85.00 110.00 100.00 295.00
Europium oxide 99% US$/kg 292.00 300.00 475.00 450.00 630.00
Terbium oxide 99% US$/kg 341.00 555.00 650.00 350.00 605.00
Average Nolans value US$/kg 4.31 13.32 11.43 11.17 65.09
 line
 

*Source: Metal Pages

Note: Prices are for a nominal 99% REO product. Prices have been rounded.


CURRENT PRICES
Cerium
Cerium
Dysprosium
Dysprosium
Europium
Europium
Gadolinium
Europium
Lanthanum
Europium
Neodymium
Europium
Praseodymium
Europium
Samarium
Europium
Terbium
Europium
Yttrium
Europium