Three-month prices for base metals on the London Metal Exchange all rose at the 5pm close of trading on Tuesday November 1, with nickel’s price increasing by 8.2%

The Chinese battery-related nickel market has continued to show strength, with domestic prices rising and demand appearing strong for intermediate feedstock products such as nickel mixed-hydroxide-precipitate (MHP). But the international sulfate market has continued to show weakness on a spot basis with little buying interest reported.

Black mass will require a set of global specifications for recycled battery materials for it to be commoditized.

Base metal futures on the London Metal Exchange bar aluminium were down on Monday, October 31, the first full day of trading following LME Week

Black mass will be increasingly valuable as recycling technology improves, Benoit Couture, the president of lithium-ion battery recycling company Lithion Recycling, told Fastmarkets in an exclusive interview

The London Metal Exchange has announced new additions to the LMEpassport which will provide increased transparency on brands using scrap material and broaden disclosure to non-LME brands

The London Metal Exchange’s relevance has “arguably never been stronger” despite a challenging year, according to Nicolas Aguzin, chief executive officer of LME's owner Hong Kong Exchanges and Clearing (HKEX)

United States President Joe Biden announced on Wednesday, October 19 that the Department of Energy (DoE) will be awarding $2.8 billion in grants from the Bipartisan Infrastructure Law

The negotiation season for long-term contracts is well under way in many of the base metal markets, and participants globally have noted that the price volatility seen so far in 2022 and the soaring energy costs in Europe have weighed on consumer sentiment

Following a consultation period and market feedback, Fastmarkets will proceed with a comprehensive update of its nickel scrap prices to bring them in line with its global price reporting agency standards.