Weak end-use demand, scrap prices drop slightly [SMM Weekly Review of Recycled Rare Earths]

On May 22:

This week, Pr-Nd recycled from NdFeB scrap closed at 451-462 yuan/kg; dysprosium recycled from NdFeB scrap closed at 1,606-1,628 yuan/kg; terbium recycled from NdFeB scrap closed at 5,335-5,445 yuan/kg; gadolinium recycled from NdFeB scrap closed at 94-104 yuan/kg; holmium recycled from NdFeB scrap closed at 200-240 yuan/kg.

At the beginning of this week, affected by weak end-use demand, the oxide market prices dropped slightly, which in turn led to a decline in scrap prices. As a result, some scrap traders sold off scrap at low prices, increasing the circulation of scrap in the market. However, as oxide market prices stabilized, the supply of low-priced goods gradually decreased, and scrap traders began to hold back on sales. The circulation of scrap in the market decreased compared to the beginning of the week, and current scrap prices remained stable. However, due to the impact of end-use demand, both supply and demand in the scrap market were weak. It is expected that in the short term, scrap market prices will drop slightly.

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