SMM News, April 2:
Raw material side, lithium carbonate prices fluctuated this week, cobalt sulphate prices dropped slightly, and nickel sulphate prices were temporarily stable. This week, by ternary, LCO, and LFP material types, on the LFP hydrometallurgical side, taking LFP pole piece black mass as an example, the current price of LFP pole piece black mass was 6,450-6,850 yuan/mtu, with the transaction center continuing to rise WoW from last Thursday. As lithium carbonate futures and spot prices continued to rise on Monday, LFP black mass prices also rose slightly on Monday. As lithium chemicals prices fell from Tuesday to Thursday, and as the market was in a period of just-in-time procurement, LFP black mass prices were basically flat. On the ternary and raw material side, ternary hydrometallurgical enterprises have now fully resumed normal purchasing, but as nickel and cobalt prices changed relatively little and some enterprises still had certain inventory, the market was relatively sluggish this week on the ternary and pure cobalt scrap side, basically flat from last week.
SMM New Energy Research Team
Wang Cong 021-51666838
Ma Rui 021-51595780
Feng Disheng 021-51666714
Lv Yanlin 021-20707875
Zhou Zhicheng 021-51666711
