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UK-based battery recycling firm Altilium has received an investment worth $2.5 million to bolster its development of the UK’s only commercial facility to produce recycled cathode active materials (CAM) from the scrapped batteries of electric vehicles (EVs)

Black mass buyers re-entered the market to take advantage of lower payables and to restock material over the past week, industry sources told Fastmarkets on Wednesday September 6

Black mass purchases in East and Southeast Asian markets have been hampered by lower battery raw materials metals prices and elevated inventory levels over the last week, according to sources

Following a consultation period and market feedback, Fastmarkets has realigned its black mass payables for nickel and cobalt in nickel cobalt manganese (NCM) and nickel cobalt aluminium (NCA) black mass, effective from Wednesday August 16.

Battery feedstock is likely to lag recycling demand and regulatory targets in the coming years, the chief executive officer of battery recycling platform ACE Green Recycling said

A significant gap in the valuations between black mass and mined raw materials persists in the battery raw materials market, Fastmarkets understands

Higher prices for cobalt metal have led to increased interest for assays of lithium cobalt oxide (LCO) black mass in Asia, sources told Fastmarkets on Wednesday July 12

Fastmarkets proposes to launch an assessment of the lithium payable as part of its set of weekly price assessments for black mass in the CIF South Korea market, in response to there being more trade making use of lithium payables in the Asian markets and demand from the market for greater transparency.

More stringent targets for the recycling of batteries are about to enter into force in the European Union (EU) after heads of government who met at the Council of the EU moved to rubber-stamp the bloc’s battery regulation this week