Overall Recycling Market in March 2023 is Still Unclear

SHANGHAI, Mar 21 (SMM) - As some upstream battery traders stocked up too much in the early stage, they intended to ship in March. The risk of falling prices of lithium salt is relatively high, hence enterprises with strong demand for scrap are trying to reduce the costs and the recycling amount is panned to increase only slightly in March. Nickel and cobalt salt market transactions are not yet active as some small-sized companies are wait-and-see. But the recycling amount in March will still remain high due to the large number of scrap processing enterprises.