This week, the scrap market remained in a stable state at a high level. Due to the continuous tightening of low-priced ore supply, separation enterprises faced difficulties in procurement, leading to a continuous rise in oxide costs. Coupled with market speculation about favorable policy news, this boosted the prices in the oxide market, driving up the prices in the scrap market. Market activity and actual trading volume increased compared to WoW, and the circulation volume of scrap continued to rise. Despite the pullback in rare earth market prices, the scrap market remained temporarily stable due to fierce competition. It is expected that in the short term, the scrap market may be affected by the pullback in rare earth market prices and will be in the doldrums.