REFILE-China praseodymium-neodymium oxide prices up on Baotou plan

Fri Sep 23, 2011 5:57am EDT

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 HONG KONG, Sept 23 (Reuters) - China's prices for neodymium and praseodymium edged up this
week after top producer Inner Mongolia Baotou Steel Rare Earth (Group) Hi-Tech Co Ltd
 said it will build up stocks.	
 The company said on Tuesday that it plans to buy praseodymium-neodymium oxide at up to
900,000 yuan ($140,896) per tonne in an apparent effort to help stem a price decline for rare
earths in China, the world top producer and exporters. 	
 Prices of praseodymium-neodymium oxide rose more than 900,000 yuan per tonne this week from
850,000-900,000 yuan last week.	
 Prices of neodymium oxide and praseodymium oxide, the materials for the manufacturing of
praseodymium-neodymium oxide also inched up.	
 Rare earths are a group of 17 metals used in a range of new   	
technologies from hybrid cars and wind turbines to catalytic converters,   	
permanent magnets and battery cells.    	
 Following is a table of major rare earth prices in China as of Sept 23	
 PRODUCT               GRADE             UNIT   PRICE (THIS WEEK)  VS  PRICE (LAST WEEK)
 Rare Earth Carbonate  REO 42-45%        Tonne     70000-80000         70000-80000 
 Lanthanum Oxide       La2O3/TREO        Tonne    135000-145000        135000-145000 
 Cerium Oxide          CeO2/TREO         Tonne    130000-160000        130000-160000 
 Neodymium Oxide       Nd2O3/TREO        Tonne   1150000-1200000       1050000-1100000 
 Praseodymium Oxide    Pr6O11/TREO       Tonne    880000-930000        830000-880000 
 Terbium Oxide         99.9-99.99%       Kg        14000-15000         14000-15000 
 Dysprosium oxide      99.5-99.9%        Kg         9500-9800          9000-9500
 Europium Oxide        99.9-99.99%       Kg        15000-18000         15000-18000
 Yttrium               99.99-99.999%     Tonne    350000-380000        350000-380000 
 Pr-Nd Oxide           (Nd2O3+Pr6O11)/T  Tonne    900000-950000        850000-950000 
                    REO> or=75.0%                                   
 Samarium Oxide        > or =99.5%       Tonne     80000-120000        80000-120000 
 Lanthanum Metal       La/TREM>or=99.0%  Tonne    180000-200000        180000-200000 
 Praseodymium          Pr/TREM           Tonne   1200000-1250000       1200000-1250000 
 Neodymium             Nd/TREM           Tonne   1350000-1400000       1350000-1400000 
 Cerium                Ce/TREM>or=99.0%  Tonne    300000-320000        300000-320000 
 Terbium               >or=99.9%         Kg        20000-22000         20000-22000
 Dysprosium            >or=99%           Kg        13000-14000         13000-14000
 Pr-Nd alloy           Pr>or=20-25%      Tonne   1100000-1150000        1150000-1200000 
 Pr-Nd-Dy alloy        >or=99%           Tonne   1050000-1100000       1100000-1150000 
 Yttrium Metal         Y/TREM            Kg          500-560           550-560
 Battery-grade mixed   TREM>or=99.0%     Tonne    420000-460000        420000-460000 
 rare earth metal      Nd/TREM>or=15%                                  
 La-Ce Metal           Ce/TREM>or=65.0%  Tonne    170000-180000        170000-180000 
 Ferro-dysprosium      >or=99.5%         Tonne   9500000-10000000      10800000-11300000 
  Note: lanthanum (La), dysprosium (Dy),cerium (Ce),neodymium     	
(Nd),praseodymium (Pr),terbium (Tb),europium (Eu),ytterbium (Yb),samarium (Sm)      	
 Source: Shanghai Non Ferrous Trade Association,   	
($1 = 6.388 yuan) 	
 (Reporting by Polly Yam; Editing by Chris Lewis)