SMM- Lithium Huitong waste Lithium Battery spot quotation officially launched

SMM- Lithium Huitong waste Lithium Battery spot quotation officially launched

Following the formal signing of the cooperation agreement between Lithium Huitong Power Battery Recycling Service platform and SMM (SMM) in December 2020, SMM- Lithium Huitong Daily Lithium Battery spot quotation was officially launched in Lithium Huitong and SMM on July 1st.

The quotation has been online for one year after data analysis and algorithm model optimization, in order to truly reflect the linkage between market valuable metal prices and recovery prices. The quotation is expected to establish authoritative pricing in the industry, solve the pain point problem of chaotic quotation in the domestic decommissioned power battery recycling market, and guide and standardize the healthy, stable and sustainable development of the industry.