The core reality: holmium is concentrated in very few recyclable streams
Holmium is an important dopant in yttrium aluminum garnet (YAG) lasers, along with other REE dopants (like erbium and neodymium). That is a real, persistent use case, and it creates a predictable scrap stream from laser crystal manufacturing.
At the same time, most consumer e-waste does not contain holmium in meaningful, recoverable concentrations. REE recycling from e-waste has historically been limited, with most activity centered on pre-consumer scrap (especially magnets) rather than post-consumer electronics.
Key insight: The best holmium recycling opportunities are in concentrated, known streams, not diffuse consumer electronics.