SMM January 22 News:
Nickel sulphate and cobalt sulphate prices were basically flat WoW, while lithium carbonate prices fell before rising again.
By material type, ternary and LFP: For LFP pole piece black mass, prices were 6,400-6,800 yuan/mtu, up slightly WoW. Due to volatile lithium carbonate prices, LFP black mass prices oscillated overall, but the rise slowed recently as most downstream LFP hydrometallurgical enterprises completed stockpiling in previous weeks, resulting in sluggish market transactions. For ternary black mass: nickel and cobalt payables were 78-80%, flat WoW, while lithium payables were 78-79%, with all three coefficients basically at the same discount. Although salt prices rose, black mass payables and black mass prices increased simultaneously, so profits did not improve significantly.
SMM New Energy Research Team
Cong Wang 021-51666838
Rui Ma 021-51595780
Disheng Feng 021-51666714
Yanlin Lü 021-20707875
Zhicheng Zhou 021-51666711
