Battery recyclers Huayou Recycling, of China, and Tozero, of Germany, have announced an agreement in which they will partner on the supply and processing of battery scrap in Europe, Fastmarkets has learned.
Buyers of black mass in Asia have returned to the market for bookings of shredded lithium-ion battery packs at stable prices over the past week, sources have told Fastmarkets.
Plans for a major battery metals recycling hub run by Glencore and Li-Cycle in Italy are likely to go ahead despite recent pushback from local authorities, sources told Fastmarkets this week
A slight rise in offers for black mass payables were heard in South Korea this week, but a wide bid-offer gap persisted in the market, according to sources
Holidays in key Asian black mass trading centers such as China and South Korea have limited purchasing over the last week but suppliers are holding their offers at firm levels, sources told Fastmarkets
There is a lot of additional activity in the United States when it comes to electric vehicle (EV) production and this will be supportive of black mass recycling, critical material production and active battery manufacturing that is needed to support the EV industry
The future of Glencore and Li-Cycle’s major Italian hub for the recycling of key battery metals could be under threat after a request to fast-track the project was rejected by the regional government of Sardinia, southern Italy, according to a Glencore spokesperson
The relatively high costs for black mass material meant that some recyclers in China and Southeast Asia were turning away from purchases of such powders in favor of other options
France-based metallurgy firm Eramet and utility company Suez announced this week that they will begin the recycling of electric vehicle (EV) batteries at a site in Dunkirk, northern France, beginning in 2025
Delegates at Fastmarkets’ European Battery Raw Materials Conference in Amsterdam, held September 18-20, discussed their expectations and the likely developments in the global battery raw materials markets. Here are five key takeaways