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Recent Recycling Events Are as Follows:
Supply Side: This week, as the price increases for nickel salts and cobalt salts slowed or even dipped slightly, the prices of ternary and lithium cobalt oxide black powder also experienced a soft decline. However, suppliers, including pulverizing plants and traders, remain reluctant to lower their psychological selling prices. The coefficients for ternary and lithium cobalt oxide black powder remained largely stable this week. Taking lithium cobalt oxide and ternary cathode black powder as examples: the current coefficient stands at 77-79%, with an average of 78%. For ternary cathode black powder, the coefficient ranges from 75-78%, averaging 76.5%.
Demand Side: Most downstream players are skeptical about the sustained rise in cobalt salt prices. Companies specializing in pure cobalt waste procurement are relatively fewer compared to those focused on ternary materials. Given the option to choose ternary black powder, most enterprises are adopting a wait-and-see attitude toward the rising coefficients for pure cobalt waste.
Supply Dynamics: Lithium cobalt oxide waste accounts for a small share of the overall waste market, with limited supply. The limited inventory is mostly held by traders. Amid persistently high cobalt salt prices, many manufacturers are either holding back inventory or releasing small quantities at elevated prices.
Cost Side: While cobalt and nickel salt prices began to dip this week, the earlier price hikes have partially offset costs and improved profit margins for ternary and pure cobalt waste processing. However, as most companies cannot achieve immediate buy-sell transactions for waste and salt products, coupled with insufficient market supply, some unprocessed materials remain above the profitability threshold.
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