Supply Side: This week, with the continuous rise in nickel salt and cobalt salt prices, the prices of ternary and LCO black mass also continued to increase, prompting powdering plants and traders to further raise their psychological price levels. However, the coefficients for ternary and LCO black mass showed relatively small changes WoW, with an increase of only half to one coefficient. Taking ternary pole piece black mass as an example, most companies still maintain a certain level of safety inventory, and due to the long-term inversion of production costs and prices, companies have shown a cautious attitude toward accepting high-priced black mass, resulting in mediocre market transactions.
Demand Side: The recent price increases in cobalt salt and nickel salt have partially offset the costs of hydrometallurgical plants processing ternary and pure cobalt scrap. However, the hydrometallurgical costs remain below the profitability threshold.
