Weekly Battery Recycling Market Update: Wet Process & Cascade Utilization

Current market analysis indicates stable demand in the energy storage sector by late July, supported by domestic and international mid-year policies. While EV market penetration remains steady, the early-July sales surge driven by auto expos has subsided, and end-user consumption momentum remains weak. Rising lithium carbonate prices have pushed up battery cell costs, including power cells, resulting in minor price increases. Market transactions stayed subdued through July, with most cascade utilization producers avoiding excess inventory and maintaining essential procurement strategies. Though terminal demand is expected to rise incrementally, overall consumption momentum remains sluggish. Post-July, both power and energy storage markets may see further downward pressure in August.