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

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.

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