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Black mass payables dropped during the week to Wednesday November 29 with insufficient demand for the shredded, sorted lithium-ion battery packs in key buying markets restricting trade.
Spot lithium prices in China further extended losses over the week to Thursday November 30, depressed by continuous weakness in the futures market and tepid spot demand
Some cathode makers have been switching back to lower-nickel cobalt manganese (NCM) from high-nickel NCM cathodes to reduce costs and encourage consumers amid slowing demand for electric vehicles (EVs), Fastmarkets understands
Consumers of non-Chinese, ESG-compliant rare earths products will need to pay a premium over prices for Chinese material and there is “no way around” it, Grant Smith, chairman of Less Common Metals (LCM), said at the Critical Minerals Association & Geological Society Business Forum in London on Monday November 27
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