Scrap Pr-Nd stops falling and rebounds; rebound awaits transaction follow-up [SMM Recycled Rare Earth Weekly Review]
[SMM Recycled Rare Earth Weekly Review: Scrap Pr-Nd Stops Falling and Rebounds, Rebound Awaits Transaction Follow-Through] Overall, scrap Pr-Nd prices fell first and then rose this week, edging down for the full week. Recycling enterprises adjusted their purchase quotes in line with the fluctuations on the oxide side. Suppliers showed little willingness to sell at low prices and mostly adopted a wait-and-see stance, with market transactions remaining sluggish throughout. In the short term, scrap Pr-Nd prices are expected to continue fluctuating in tandem with the oxide side. Whether the rebound can be sustained will depend on the follow-through of transactions in the oxide market, and the wait-and-see sentiment in the market is unlikely to ease significantly in the near term.