【SMM Analysis】A Review of Scrap Spot Price Trends This Week (May 12, 2025 - May 16, 2025)

Published: May 16, 2025 23:15

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Lithium Salts: Lithium salt prices saw gradual declines this week, while nickel and cobalt salt prices remained stable. Ternary and lithium cobalt oxide black powder coefficients began to dip slightly. Taking ternary black powder as an example: the current coefficient for ternary cathode black powder stands at 75-77%, and ternary battery black powder at 72-74%.

Weekly Recycling Project Updates:

【Xi'an Energy Storage/Power Battery Project Nears Completion】
A 3.5GWh/year advanced energy storage and power battery demonstration project in Xi'an has made progress, with the first batch of 314Ah cells successfully produced from its 320Ah production line. The project remains on track for completion in June, with final inspections expected by year-end. The 320Ah line has passed trial production reviews, resolving challenges in large-capacity cell manufacturing consistency.

【30,000-Tonne Lithium Battery Recycling Project Launched in Yunnan】
A new recycling facility in Yunnan will utilize existing industrial buildings to process 30,000 tonnes of waste lithium batteries annually. The project includes three production lines within a 3,896.41 m² facility.

【20GWh Energy Storage Battery Project Accelerates in Jiangsu】
A 20GWh energy storage battery manufacturing project is progressing rapidly. Phase I, with 10GWh capacity and a ¥3 billion investment, has completed pile foundations, with its first plant set for completion by late May and operations starting in June. Full phase I completion is expected by late 2026.

【Zhejiang Recycling Project Advances】
A 5,000-tonne/year lithium battery waste physical recycling project in Zhejiang has received environmental approval. The ¥36.89 million project will lease a 3,000 m² facility to establish battery disassembly and cathode material repair lines, aiming to produce 97.5 tonnes of cells and 3,740 tonnes of LFP cathode materials annually.

【400,000-Tonne Retired Battery Project Lands in Hubei】
A multi-billion-yuan project in Huangzhou, Hubei, will process 400,000 tonnes of retired batteries annually, recovering lithium, phosphorus, iron, and other critical materials.

【11,000-Tonne EV Battery Recycling Project Approved in Anhui】
A project in Anhui’s Huaining County has entered environmental review, targeting annual recycling of 11,000 tonnes of retired EV batteries, including LFP packs, ternary packs, and electrode sheets.

【100,000 Retired Battery Packs for Cascade Use in Shandong】
A梯次利用 project in Shandong’s Liaocheng aims to process 100,000 retired EV battery packs annually, bolstering local battery recycling efforts.

【30,000-Tonne Lithium Battery Recycling Project in Yunnan】
A Yunnan-based project to recycle 30,000 tonnes of waste lithium batteries annually has initiated public environmental impact assessments.

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