Rare earth scrap prices slightly weakened, with reduced market circulation [SMM Weekly Review of Recycled Rare Earths]

June 19 news:

This week, the price of Pr-Nd recycled from NdFeB scrap closed at 477-483 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 prices showed a slight downward trend. The main reason was the decline in oxide market prices, which led recycling enterprises to correspondingly reduce their scrap quotes. Meanwhile, due to the weakening scrap prices, magnetic material enterprises' willingness to sell was low, resulting in a decrease in the circulation of scrap in the market. Some industry insiders were optimistic about the future rare earth market, with a strong wait-and-see sentiment overall, and market activity declined compared to last week. It is expected that in the short term, the scrap market may be influenced by the recovery of the rare earth market, and prices will run smoothly.

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