Seems to be a little confusion. Radiant Energy levels up CE Raid weapons. Radiant Shards level up CE Raid armor. You say she takes the shard, glimmer & Black Wax Idol and you don't get anything.
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In the video you are EXCHANGING 1 Radiant Shard for 1 Radiant Energy, then EXCHANGING that 1 Radiant Energy back for 1 Radiant Shard. This costs 500 Glimmer and 1 Black Wax Idol each time. As Spawn posted you CAN'T BUY any Radiant Materials. You can only EXCHANGE one type for the other.
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Yes it does you see in the vid it says you have 2 Radiant Shards, you EXCHANGE 1 for 1 Radiant Energy. It then shows the # left is 1. Then it shows you have 1 Radiant Energy and you EXCHANGE it back for 1 Radiant Shard. Then you see in your inventory you have 2 Radiant Shards. Don't know how much clearer it could be. You can't buy Radiant Materials, only exchange 1 type for the other. If you go to Eris with 2 Radiant Mats. you can only leave with 2 Radiant Mats. You can only get more Radiant Mats from doing Crota's End Raid or breaking down CE Raid weapons & armor. You are just wasting Glimmer and Black Wax Idols each time you swap back and forth.