ERI Promotes Rare Earth Recovery at Tokyo Summit-REEx Rankings Expose Recycling's Commercial Reality

Highlights

• Only 5 of 28 ranked recyclers qualify as commercial operators, with none disclosing verified annual rare earth recovery volumes.
• REEx estimates recycling may supply no more than 5–10% of ex-China rare earth demand even beyond 2030, unable to replace primary mining.
• ERI processes over one billion pounds of e-waste annually but has not disclosed commercially recovered rare earth volumes from its operations.
• Feedstock security is critical: only 5 ranked projects have binding feedstock coverage while 15 rely on non-binding memoranda of understanding.
• Investors are urged to demand audited oxide-equivalent recovery data, feedstock contracts, and unit economics before assigning value to recyclers.