Scrap prices rise, market inquiries become active [SMM Weekly Review of Recycled Rare Earths]

May 29 news:

This week, the price of Pr-Nd recycled from NdFeB scrap closed at 466-472 yuan/kg; the price of dysprosium recycled from NdFeB scrap closed at 1,610-1,621 yuan/kg; the price of terbium recycled from NdFeB scrap closed at 5,439-5,495 yuan/kg; the price of gadolinium recycled from NdFeB scrap closed at 89-110 yuan/kg; the price of holmium recycled from NdFeB scrap closed at 200-240 yuan/kg.

This week, the scrap market remained stable overall. At the beginning of the week, upstream oxide suppliers refused to budge on prices, triggering an increase in oxide market prices, which in turn drove up scrap prices. As scrap prices rose, the activity of market inquiries also increased. However, due to the impact of end-use demand, the upstream and downstream of the rare earth market were in a stalemate, with prices remaining stable. It is expected that in the absence of significant changes in the supply-demand pattern, scrap market prices will remain stable in the short term.

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