Chinalco to Sell Stake In Rare Earth Company; Neodymium Oxide Down

Time to sell? According to Rare Earth Investing News, “Jiaozuo Wanfang Aluminium Manufacturing Co. plans to pay 389.3 million yuan ($63.6 million) to buy a 20 percent interest in China Rare Metals and Rare Earth Co., part of Aluminum Corporation of China (CHINALCO), Shanghai Metals Market reported.”

“As quoted in the market news: The payment represents a 25.2% premium over assessed value of the equity stake as Jiaozuo Wanfang believes the unit’s rare earth, tungsten and tin businesses have great potential, it said in a statement.”

In metal price news for rare earths…

A 3.7 percent decline in rare earth carbonate made it the biggest mover of the week on the weekly Rare Earths MMI®. Neodymium oxide dropped 3.1 percent over the past week. Terbium oxide fell 2.9 percent over the past week.

After a 2.8 percent decline, dysprosium oxide closed out the week. Europium oxide saw a 2.1 percent decline over the past week. The price of europium oxide declined 2.1 percent over the past week. Praseodymium neodymium oxide prices were off slightly, down from a week ago.

Cerium oxide remained unchanged for the week. Lanthanum oxide traded sideways last week. Prices for praseodymium oxide remained constant, closing the week. Samarium oxide remained essentially flat from the previous week.

FREE Download: The Monthly MMI® Report – covering the Rare Earths market.

Terbium metal remained unchanged for the week. Yttria prices held steady from the previous week. The price of yttrium did not change since the previous week.

The Rare Earths MMI® collects and weights 14 global rare earth metal price points to provide a unique view into rare earth metal price trends. For more information on the Rare Earths MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

From: http://agmetalminer.com/2013/12/31/chinalco-to-sell-stake-in-rare-earth-company-neodymium-oxide-down/