Rare earth scrap prices remain stable at a high level, with increased trading volume in the market [SMM Weekly Review of Recycled Rare Earths]

Published: Jun 5, 2025 15:23

Save

[SMM Weekly Review of Recycled Rare Earths: Rare Earth Scrap Prices Remain High and Steady, Market Trading Volume Increases] This week, the scrap market remained high and steady. Since last Friday, driven by the increase in oxide market prices, the scrap market prices have also risen. This week, the prices have continued to maintain this level, mainly influenced by the high prices in the oxide market.

June 5 News:

This week, the price of Pr-Nd recycled from NdFeB scrap closed at 472-477 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 at high levels. Since last Friday, the scrap market prices have risen due to the increase in oxide market prices. This week, the prices have continued to maintain at these levels, mainly influenced by the high prices in the oxide market. As scrap prices reached high levels, market inquiry activity increased, and actual trading volume improved, with an increase in scrap circulation. However, some magnetic material enterprises are optimistic about future prices and are holding onto their inventory, showing strong wait-and-see sentiment. Currently, there is a stalemate between the upstream and downstream of the rare earth industry, with scrap prices temporarily stable. However, due to the increase in ore prices leading to higher rare earth raw material prices, the downstream sector finds it difficult to accept the high costs. It is expected that prices may fluctuate in the short term.

》Apply for a Free Trial of the SMM Metal Industry Chain Database

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Apr 17, 2026 14:38

Ex-China Rare Earth Projects Advancing Intensively, Pr-Nd Prices Driven Up by Tight Supply [SMM Rare Earth Ex-China Weekly Review]

This week, the ex-China rare earth market exhibited a trend of accelerated project deployment and price divergence. Price-wise, affected by undersupply in China, prices of praseodymium oxide, neodymium oxide, and corresponding metals rose notably, while other light rare earth and heavy rare earth prices remained generally stable. In terms of trading, Pr-Nd exports declined, and exports of heavy rare earths such as dysprosium and terbium remained restricted. Ex-China developments were active: US-based USA Rare Earth completed its first commercial yttrium metal casting and established a partnership with France's Carester; Japan launched a rare earth magnet recycling initiative for air conditioning compressors; Brazil's Aclara confirmed the commissioning plan for the Carina project in 2028; Canada's Neo achieved a breakthrough in terbium-dysprosium separation in Estonia; meanwhile, resource volumes in Finland, Alaska, Greenland, and other regions expanded significantly; Australia and the US provided financing for critical minerals projects; China's export controls raised European supply chain concerns; and Malaysian civil society organizations opposed the supply agreement between Lynas and the US Department of National Defense.

Apr 17, 2026 14:38

Apr 17, 2026 13:56

USA Rare Earth Produces Commercial-Grade Yttrium, Plans Major Expansion by 2030

[SMM Rare Earth Outside China] US rare earth producer USA Rare Earth (USAR) has produced commercial-grade yttrium metal through its wholly-owned subsidiary Less Common Metals (LCM). It is reported that the purity of the yttrium metal produced this time is between 99-99.5%. USAR acquired LCM in September 2025 for $125 million. LCM has a metal manufacturing capacity of 1,500 mt/year and plans to increase its rapid-solidification permanent magnet strip casting capacity by 26,000 mt/year in the UK, US, and France by 2030.

Apr 17, 2026 13:56

Apr 17, 2026 12:24

Swedish Mining Project Under Fire Over Indigenous Land Rights

According to Reuters, Swedish mining company LKAB is facing criticism after a report suggested its planned rare earths project near Kiruna could violate Sámi Indigenous rights. The deposit is estimated at around 1.2 billion tonnes of ore, containing about 2.2 million tonnes of rare earth elements, but the mine could interfere with traditional reindeer herding routes. The project is likely to face legal and social challenges as tensions rise between mineral development and Indigenous land use.

Apr 17, 2026 12:24