Chinese authorities are reportedly considering easing restrictions on the import of certain specifications of black mass. Currently, small test quantities are being imported, but only high-quality products are expected to receive import approval in the future. This shift reflects China's recognition of black mass as a valuable recyclable resource rather than waste.
Black mass prices have risen despite the recent decline in key battery metal prices. LME nickel prices fell over 10% in June and continued to decline in July, while cobalt prices in Rotterdam dropped for 12 consecutive weeks. Conversely, NCM black mass prices increased by 2.1% in South Korea last month, with no changes in Southeast Asia and Europe. This price rise is attributed to increased competition among new South Korean recycling companies and higher demand from Chinese buyers.
According to Fastmarkets, mid-June CIF prices for NCA black mass were estimated at $4,421 per ton in South Korea and $4,362 per ton in Southeast Asia.
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