Weak end-use demand, scrap prices drop slightly [SMM Weekly Review of Recycled Rare Earths]

On May 22:

This week, Pr-Nd recycled from NdFeB scrap closed at 451-462 yuan/kg; the price of dysprosium recycled from NdFeB scrap closed at 1,606-1,628 yuan/kg; the price of terbium recycled from NdFeB scrap closed at 5,335-5,445 yuan/kg; the price of gadolinium recycled from NdFeB scrap closed at 94-104 yuan/kg; the price of holmium recycled from NdFeB scrap closed at 200-240 yuan/kg.

At the beginning of this week, affected by weak end-use demand, the market prices of oxides dropped slightly, which in turn led to a decline in scrap prices. As a result, some scrap traders sold off scrap at low prices, and the circulation of scrap in the market increased. However, as the market prices of oxides stabilized, the supply of low-priced goods gradually decreased, and scrap traders began to withhold their scrap for sale. The circulation of scrap in the market decreased compared to the beginning of the week, and the current scrap prices remained stable. However, due to the impact of end-use demand, both supply and demand in the scrap market were weak. It is expected that in the short term, the market prices of scrap will drop slightly.