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