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This week, the recycled scrap market prices fluctuated. On the ternary front, nickel sulphate prices continued the upward trend from last week, rising slightly, while cobalt sulphate prices remained basically stable, and lithium carbonate prices dropped slightly. Supply side, salt plants continued to incur losses, with strong sentiment to stand firm on quotes. This week, the prices of ternary and pure cobalt scrap fluctuated with changes in nickel, cobalt, and lithium chemical prices, while ternary pole piece coefficients remained at 75-77, basically stable compared to last week, and battery coefficients were at 70-74, also basically stable. On the LFP front, as mid-to-late December arrived, coupled with lithium chemical prices continuing to be lower than black mass production costs, LFP lithium spot prices dropped slightly. Currently, as mid-to-late December approaches, most enterprises still maintain just-in-time procurement and processing production, with low willingness to accept high-priced black mass. In the short term, scrap prices are expected to fluctuate with nickel, cobalt, and lithium prices.
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