Prices of rare earth scrap remain high, with active market transactions [SMM Weekly Review of Recycled Rare Earths]

June 12 News:

This week, the price of Pr-Nd recycled from NdFeB scrap closed at 483-488 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 continued to maintain a high and stable state. Last Friday, due to the continuous tightening of low-priced ore supplies, separation enterprises faced difficulties in procurement, leading to a continuous rise in oxide costs. Additionally, market speculation about favorable policy news boosted the oxide market prices, driving the scrap market prices to continue rising. Stimulated by the high prices, market activity increased compared to last week, with actual trading volume also rising and the circulation of scrap continuing to increase. Although, influenced by end-use demand, the overall prices in the rare earth market pulled back, the scrap market remained temporarily stable due to fierce market competition. It is expected that in the short term, the scrap market may be affected by the pullback in rare earth market prices, with prices in the doldrums.

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