[SMM Analysis] A Review of This Week's Scrap Spot Price Trends, 2025.2.10-2025.2.13

SMM February 13 News:

This week, the recycled scrap market prices remained basically stable. Supply side: Some hydrometallurgical plants gradually resumed production this week, but many small and medium-sized crushing plants and traders are expected to extend the holiday until around the Lantern Festival. As a result, the circulation of scrap in the market was limited, and trading activity was sluggish. Demand side: Prices of nickel sulphate and cobalt sulphate salts remained basically stable, while lithium carbonate prices dropped slightly. After the holiday, most crushing plants maintained a sentiment to stand firm on quotes. Some hydrometallurgical plants, due to depleted inventories, had to accept high-priced black mass in small quantities. However, the trading volume at this level was limited, and most hydrometallurgical plants remained in a wait-and-see mode. In the short term, black mass prices are expected to remain stable, following the price trends of nickel, cobalt, and lithium salts, while the black mass coefficient is likely to stay temporarily stable due to weak supply and demand.

SMM New Energy Research Team

Cong Wang 021-51666838

Rui Ma 021-51595780

Disheng Feng 021-51666714

Ying Xu 021-51666707

Yanlin Lü 021-20707875

Yujun Liu 021-20707895

Xiaodan Yu 021-20707870

Zhicheng Zhou 021-51666711

He Zhang 021-20707850