Battery Scrap Market Activity Remains Sluggish, Secondary Crude Lead Quotations Are Scarce With Poor Transactions [SMM Battery Scrap & Secondary Crude Lead Weekly Review]

SMM, January 24:

As the Chinese New Year holiday approaches, the battery scrap market has seen sluggish trading activity. Battery scrap prices fluctuated relatively small during the week, and most secondary lead smelters indicated that they would not adjust purchase prices before the holiday. As of January 24, 2025, the mainstream tax-inclusive purchase prices for EV battery scrap ranged from 9,750-10,000 yuan/mt.

Domestic secondary crude lead smelters were either in a state of shutdown or production cuts, with few price quotes available. Coupled with the fact that downstream enterprises had already completed stockpiling, purchase willingness was weak, and transactions were relatively sluggish. As of January 24, 2025, the mainstream tax-exclusive delivery-to-factory prices ranged from 15,550-15,700 yuan/mt.

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