Wet Recycling Situation This Week:
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 rise, prompting crushing plants and traders to further raise their psychological price levels. Additionally, with the sustained increase in salt prices, the coefficients of ternary and LCO black mass also rose slightly. Taking LCO pole piece black mass as an example, the current coefficient is approximately 77-79%, with an average coefficient of 78%. On the supply side, LCO scrap accounts for a relatively small proportion of the overall scrap market, making supply scarce. A small amount of goods is mostly concentrated in the hands of traders, and with the continuous rise in cobalt salt prices, companies tend to hold back from selling or release small quantities at high prices.
Demand side: Most downstream players are not optimistic about the continued rise in cobalt salt prices. Moreover, there are relatively few companies in the market that specifically purchase pure cobalt scrap compared to ternary. Given the option to choose ternary black mass, most companies maintain a wait-and-see attitude toward the rising coefficients of pure cobalt scrap. However, there are still small quantities of scrap being sold at high prices in the market, leading to a slight increase in scrap prices.
Cost side: The recent rise in cobalt salt and nickel salt prices has, to some extent, repaired the costs and profitability of the crushing end for ternary and pure cobalt scrap, bringing the costs of some uncrushed materials above the breakeven point. However, the price of iron-lithium scrap remains under losses due to the continued decline in lithium carbonate prices.
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
