The China Rare Earth Price Index fell to 1,266.33 points on Friday, down 0.59 percent from the previous working day.

File photo: VCG

Compiled by the China Economic Information Service and Baotou Rare Earth Products Exchange, the index reflects the overall price trend in the rare earth market.

The index is a part of the China's rare earth serial indices, which also include a prosperity index and a development index.