Recycling Industry Events This Week (April 4.27-4.30)

The project is named "Jiangxi Longkai Circular Technology Co., Ltd. Retired Lithium Battery Comprehensive Recycling and Cascade Regeneration Project." It is a new construction project, with four processing systems: a spent lithium battery cascade utilization and pretreatment system (including 2 lines for spent ternary lithium battery cascade utilization and pretreatment, and 4 lines for spent lithium iron phosphate battery cascade utilization and pretreatment), a spent ternary lithium battery powder comprehensive recovery system, a spent lithium iron phosphate battery powder comprehensive recovery system, and a lithium carbonate production system.

Recently, the Ecological Environment Bureau of a city in a province released the announcement regarding the acceptance of the "Environmental Impact Report for the New Energy Lithium Battery Material Comprehensive Utilization Project (Phase I)" of an energy development company. The project has a total investment of 60 million RMB and is located in an economic development zone in a district of the city. It involves the construction of 2 new factory buildings, 2 warehouses, 1 disassembly line, 1 cascaded use assembly line (shared by spent lithium iron phosphate battery and spent ternary lithium battery assembly lines)

Recently, the Administrative Approval Bureau of a certain city released the "Proposed Approval Announcement for the Environmental Impact Report of a New Materials Company's Annual Processing of 50,000 Tons Spent Lithium Battery Comprehensive Utilization Project," marking the official approval of this heavyweight battery recycling project. Upon completion, the total processing scale will be 50,000 tons per year (including 5,000 tons/year of batteries suitable for cascaded use, 5,000 tons/year of spent ternary lithium battery cells, 10,000 tons/year of spent positive electrode sheets, and 30,000 tons/year of spent negative electrode sheets). The annual output will include 3,000 tons of cascaded use batteries, 3,573 tons of ternary battery powder (mixed positive and negative electrode powder)

On June 5, Chinese new energy vehicle maker Leapmotor announced that cumulative sales of its C11 model have exceeded 250,000 units.

This week, lithium salt prices fluctuated, while nickel and cobalt salts saw minor declines. The coefficients for ternary and lithium cobalt oxide black powder continued to drop. For example, the coefficient for ternary cathode black powder currently ranges between 74-77%, and that for ternary battery black powder is 71.5-73.5%. Lithium points for lithium iron phosphate (LFP) cathode black powder stand at 2,500-2,700 yuan per lithium point, while LFP battery black powder ranges from 2,200-2,400 yuan per lithium point. Suppliers and traders remain firm on pricing, though some crushing plants are holding back inventory due to thin profit margins, leading to weaker market transactions compared to April.