》View SMM Nickel Quotes, Data, and Market Analysis

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 powder processing plants and traders to further raise their psychological price levels. However, the coefficients of ternary and LCO black mass showed relatively small changes WoW, with only a half to one coefficient increase. Taking ternary pole piece black mass as an example, most enterprises still maintain a certain level of safety inventory, and due to the long-term inversion of production costs and prices, enterprises have shown a cautious attitude toward high-priced black mass, resulting in mediocre market transactions. Demand Side: The price increase of cobalt salt and nickel salt this time has partially offset the costs of hydrometallurgical plants processing ternary and pure cobalt scrap. However, the hydrometallurgical costs are still below the breakeven line.

Progress of Recycling Events This Week Is as Follows:

【Nanchong 20,000 mt Scrap Lithium Battery Recycling Project Launched】Recently, the Management Committee of Sichuan Nanchong Economic Development Zone officially released the approval announcement of a Sichuan-based company. The project aims to extract valuable metals such as nickel, cobalt, and lithium from end-of-life lithium-ion batteries to produce high-value-added products such as nickel sulphate, cobalt sulphate, lithium carbonate, and new energy ternary cathode precursors. Once completed, the project will achieve the comprehensive utilisation of 20,000 mt/year of end-of-life lithium-ion batteries.

【Hubei 50,000 mt LFP Cathode Material Project Underway】Recently, at the site of Hubei Ruipai New Energy Technology Company's 50,000 mt/year LFP cathode material project, the first batch of equipment, a nitrogen generation unit, was successfully installed. The project is progressing smoothly. Upon completion of both phases and reaching full production, the project is expected to achieve an annual output of 50,000 mt of LFP cathode materials.

【Fujian Province 40,000 mt Comprehensive Utilisation Project for Scrap Power Batteries Launched】Fujian Desheng New Building Materials Co., Ltd. plans to construct the "Fujian Desheng New Building Materials Co., Ltd. Power Battery Recycling Comprehensive Utilisation Project" in the existing plant area of the Jin'gang Industrial Zone, Luoyuan Bay Development Zone, Fuzhou City, Fujian Province. The project will utilise the existing plant and land to build a new comprehensive utilisation production line for recycling scrap ternary batteries (lithium batteries). Once completed, the project will recycle and process 40,000 mt/year of scrap power batteries and produce 25,000 mt/year of ternary cathode precursor materials.

【Hunan Ningxiang 40,000 mt Scrap Lithium-Ion Battery Recycling Project Launched】Recently, the Changsha Municipal Bureau of Ecology and Environment announced its proposed approval of the environmental impact report for the "Hunan Dushun Technology Co., Ltd. 40,000 mt/year Scrap Lithium-Ion Battery Green Recycling Project." Once completed, the project will process 30,000 mt/year of scrap lithium-ion batteries and 10,000 mt/year of scrap lithium-ion battery pole pieces.

【100,000 mt High-Performance Lithium Battery Materials Project Planned in Dazhou】Domestic lithium battery materials leading enterprise Guanghua Technology announced that it has signed a "Cooperation Framework Agreement" with the Management Committee of Sichuan Dazhou High-Tech Industrial Park. According to the agreement, the company plans to invest in the construction of a 100,000 mt/year high-performance lithium battery materials project in the Dazhou High-Tech New Materials Industrial Park through its controlling or joint venture subsidiaries. The project will focus on ternary cathode materials, LFP, and sodium-ion battery cathode materials, with a total investment exceeding 5 billion yuan. The project will be implemented in two phases, with the first phase expected to take approximately 18 months.

【Jiangsu Province Huaian 40,000 mt Cascade Utilisation and Scrap Vehicle Dismantling Project Launched】Recently, the Economic and Technological Development Zone Branch of the Huaian Municipal Bureau of Ecology and Environment announced its proposed approval of the environmental impact report for Jiangsu Yaxun New Energy Co., Ltd.'s 20,000 mt/year new energy power battery cascade utilisation and 20,000 units/year scrap vehicle dismantling project. The total investment of the project is 1 billion yuan, with 500 million yuan invested in the first phase. Once completed, the project is expected to achieve annual sales revenue of 385 million yuan.

【Jiangxi Shangrao 40,000 mt End-of-Life Lithium Battery Project Launched】Recently, the People's Government of Shangrao City, Jiangxi Province, officially released the proposed approval announcement for the environmental impact report of the "Betterui New Energy Shangrao Guangxin District Chating Economic Development Zone Lithium Battery Recycling and ESS Project." The project includes one cascade utilisation production line for lithium batteries and four resource recycling production lines for end-of-life lithium power battery packs.

【Yangzhou 100 Million Yuan Lithium Battery Comprehensive Utilisation Project Launched】Recently, the People's Government of Jiangdu District, Yangzhou City, announced the approval of the environmental impact report for Jiangsu Xinliyuan Technology Co., Ltd.'s lithium battery and battery cathode material comprehensive utilisation project. The project has a total investment of 100 million yuan (including 3 million yuan for environmental protection investment). Once completed, it will achieve an annual comprehensive utilisation of 1,000 mt of lithium batteries and battery cathode materials.

》View SMM Nickel Product Spot Quotes

》Subscribe to View SMM Historical Prices of Metal Spot Markets

【For More Content, Subscribe to SMM Nickel Research Group Products "China Nickel-Chromium-Stainless Steel Industry Chain Regular Report" and "China Nickel-Chromium-Stainless Steel Industry Chain High-End Report" to Access the Latest Data Analysis and Market Insights on Nickel Ore, NPI (China + Indonesia), Refined Nickel, Nickel Sulphate, Chrome Ore, Ferrochrome, and Stainless Steel (China + Indonesia). For Subscription or Trial, Please Call 021-51666863, Contact: Jian Fu】 》Click to Subscribe to the SMM China Nickel Industry Chain Annual Report for Comprehensive and In-Depth Industry Chain Data, Survey Information, and SMM Professional Analysis