Payables for black mass in the CIF South Korea market inched down in July from the year-to-date highs recorded in June

Alaska-based Graphite One announced on Monday July 29 that it has entered into a non-binding supply agreement with California-headquartered EV maker Lucid Motors to advance its Graphite One Project mission of planning a complete US domestic supply chain for advanced graphite materials

Major chemical company BASF is pausing its plans to build a large refinery for battery recycling in Spain due to sluggish adoption of electric vehicles (EVs) in the EU, the firm said late last week

Fastmarkets will launch its new suite of US black mass payable indicators on Wednesday August 7, following a one-month consultation period.

Rapidly expanding capacity for the recycling of lithium-ion batteries in the United States and Canada has raised worries over the supply of raw materials to feed processors in the region, sources have told Fastmarkets

Payables for nickel cobalt manganese (NCM) black mass in the CIF Asia markets showed mixed trends in June

Fastmarkets proposes to launch weekly price assessments for black mass payable indicators, ex-works US, to provide insight to the United States’ burgeoning battery recycling sector.

Chinese authorities are in the process of considering relaxing restrictions on the import of some specifications of black mass to the country, sources said

Market sentiment for black mass sales to Asia was hit by weakening battery metal prices in the week to Friday June 14, but solid demand from the expanding South Korean market was lending support to the payables, sources told Fastmarkets.

Germany-based copper recycling and non-ferrous metal provider Aurubis has started commissioning their secondary smelter in Augusta, Georgia, and could eventually introduce black mass recycling to the facility