The LFP recycling sector was moderate in June thanks to stable prices of both waste and lithium carbonate. The hydrometallurgical plants purchased on demand to maintain operation. Nevertheless, the short supply of raw materials squeezed the profits of hydrometallurgical plants, capping the momentum on the market.
For ternary black mass, a prominent feature in June is that the payables of lithium carb, nickel sulfate, and cobalt sulfate started to show divergent trends, which were actually the same since the launch of such pricing method. This is mainly because the price dynamics of metal salts showed palpable differences. For example, the lithium carbonate futures price dropped below Yuan 60,000/tonne once, while the cobalt sulfate price gained additional support from DRC extending the cobalt export ban.
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