The price of scrap fluctuates significantly, and the sentiment of reluctance to sell affects procurement [SMM Weekly Review of Recycled Rare Earths]

Published: Jul 17, 2025 16:12

Save

[SMM Weekly Review of Recycled Rare Earths: Scrap Prices Fluctuate Greatly, Purchasing Affected by Reluctance to Sell] This week, scrap market prices fluctuated greatly, showing an overall upward trend. At the beginning of this week, influenced by the rapid rise in oxide market prices, scrap suppliers held high expectations for future prices, and the sentiment of reluctance to sell continued to spread. Recycling enterprises had to raise their quotes to ensure that scrap recycling was not affected by the reluctance to sell. However, as oxide market prices pulled back, recycling enterprises became cautious about purchasing at high prices, leading to scrap prices jumping initially and then pulling back.

July 17 News:
This week, the price of Pr-Nd recycled from NdFeB scrap was reported at 516-522 yuan/kg; the price of dysprosium recycled from NdFeB scrap was reported at 1,643-1,654 yuan/kg; the price of terbium recycled from NdFeB scrap was reported at 5,439-5,550 yuan/kg; the price of gadolinium recycled from NdFeB scrap was reported at 89-110 yuan/kg; the price of holmium recycled from NdFeB scrap was reported at 222-233 yuan/kg.

This week, the scrap market experienced significant price fluctuations, with an overall upward trend. At the beginning of the week, influenced by the rapid rise in oxide market prices, scrap suppliers held high expectations for future prices, and the sentiment of reluctance to sell continued to spread. Recycling enterprises had to raise their quotes to ensure that scrap recycling was not affected by the reluctance to sell. However, as oxide market prices pulled back, recycling enterprises became cautious about purchasing at high prices, leading to a jump initially and then pull back in scrap prices. As the weekend approached, with downstream purchase willingness strengthening, trading in the oxide market recovered and prices rose. Recycling enterprises became more active in purchasing and raised their quotes for scrap. However, some market participants held high expectations for future prices, and the sentiment of reluctance to sell remained strong, making it difficult to purchase scrap at low prices. It is expected that in the short term, influenced by the reluctance to sell, the scrap market prices will be unlikely to experience a significant decline.

》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

Jan 30, 2026 18:24

Chile Unveils National Critical Minerals Strategy Amid Global Demand Surge

Chile has released its National Critical Minerals Strategy, clearly positioning itself as a stable supplier of minerals. Currently, driven by artificial intelligence, the development of new technologies, and the energy transition, global demand for these critical minerals continues to grow. The announcement of this strategy holds particular significance in the weeks before President Boric leaves office, highlighting Chile’s intention to transition from over-reliance on the copper industry toward adapting to a decarbonized economy and achieving resource diversification. Chile has identified 14 critical minerals, specifically covering copper, lithium, molybdenum, rhenium, cobalt, rare earths, antimony, selenium, tellurium, gold, silver, iron ore, boron, and iodine. Based on Chile’s current position in the global market, these 14 minerals are categorized into three groups: The first category includes copper, lithium, molybdenum, and rhenium. Their respective shares in global supply are 23%, 20.4%, 14.6%, and 46.8%, and other major economies have also designated these minerals as critical. The second category consists of minerals that are currently not produced or only produced in small quantities, including cobalt, rare earths, antimony, selenium, and tellurium. The third category comprises minerals already produced domestically in Chile with the potential to expand their role in the global value chain, such as gold, silver, iron ore, boron, and iodine.

Jan 30, 2026 18:24

Jan 30, 2026 17:16

Overseas Pr-Nd offers surged rapidly, countries accelerated rare earth mine development [SMM Rare Earth Overseas Weekly Review]

This week, overseas prices continued to rise due to multiple factors, and shipments tightened further. Key developments emerged in raw ore mining across the US, Asia, and Latin America. The US government strengthened domestic rare earth capacity through large-scale funding, a Malaysia-France cooperation project achieved substantial progress, Brazil formulated a national rare earth strategy to unlock resource potential, and India considered adjustments to mining policies to enhance extraction efficiency. These measures collectively reflect countries' heightened focus on rare earth supply chain security, though technological, cost, and capacity bottlenecks remain widespread challenges.

Jan 30, 2026 17:16

Jan 30, 2026 10:15

India Mulls Tightening Mineral Rights Auction Policy to Boost Mining Output

Two informed sources revealed that to accelerate mining production, India is considering tightening its mineral rights auction policy to exclude mining enterprises that fail to apply for mining permits long after winning the auction. Official data show that since 2015, the Indian government has auctioned 594 mineral blocks, of which only 82 are in production, accounting for less than 14%. Sources said an internal government audit found that over the past five years, about 50 enterprises had not commenced mining after acquiring blocks, with some even failing to apply for mining permits. The two informed sources declined to be named as they were not authorized to speak. The Indian Ministry of Mines also did not respond to an email request for comment.

Jan 30, 2026 10:15