Prices of light rare-earth oxides continued to climb from a week ago as top miner China Northern Rare Earth marking up its listed prices for September boosted market sentiment, SMM surveyed as of Monday September 16.
SMM assessments showed that prices of praseodymium-neodymium oxide rose an average 3,000 yuan/mt on the week to 328,000-333,000 yuan/mt as of Monday September 16. Prices of neodymium oxide also advanced 3,000 yuan/mt, to stand at 330,000-335,000 yuan/mt.
Rainbow Rare Earths Ltd (LON:RBW) is a mining company focussed on production from, and expansion of, the high grade Gakara Rare Earth Project in Burundi, East Africa. With in-situ grades in the range of 47-67% Total Rare Earth Oxide (TREO), Gakara is one of the world’s richest rare earth deposits.