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Recent Recycling Events Are as Follows:
Supply side: With the continuous rise in nickel and cobalt salt prices this week, the prices of ternary and lithium cobalt oxide black powder have also increased. Powder plants and traders have raised their price expectations. As salt prices keep climbing, the coefficients for ternary and lithium cobalt oxide black powder have gone up slightly. For example, the current coefficient for lithium cobalt oxide electrode black powder is about 77 - 79%, with an average coefficient of 78%.
On the supply side, lithium cobalt oxide waste accounts for a small proportion of the overall waste market and is in short supply. Most of the limited sources are concentrated in the hands of traders. With cobalt salt prices rising, companies tend to hold back or release small quantities at high prices.
Downstream demand side: Most companies are not optimistic about the continued rise in cobalt salt prices. There are relatively few companies in the market that collect pure cobalt waste compared to those that collect ternary materials. Given the choice, most companies are indifferent to the rising prices of pure cobalt waste. However, there are still a few waste sources being sold at high prices, causing a slight increase in waste prices.
Cost side: The rise in cobalt and nickel salt prices has to some extent restored the cost and profit situation of the powder - making end for ternary and pure cobalt waste, bringing the cost of some unbroken materials above the profit line. But iron - lithium waste prices are still inverted due to the continued decline in carbonate lithium prices.
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