European Energy has completed the sale of its Jonava renewable energy project in Lithuania to Energix – Renewable Energies. The massive hybrid development features a planned capacity of 470 MW, integrating 140 MW of onshore wind, 330 MWp of solar PV, and 320 MWh of energy storage. Construction is slated to begin shortly with full commercial operations targeted for 2027. This divestment highlights the company’s "develop-and-flip" model, successfully de-risking large-scale, grid-stable assets to recycle capital into its global pipeline of wind and solar projects.

SMM March 31 News: For Lithium battery recycling, the purchase volume of black mass by downstream hydrometallurgy recycling enterprises, up 48% MoM,

Recycling Industry Events This Week (December. 29-31)

[SMM Brass Bar Flash News] As of the week ending March 27, the weekly CIF China quotation for US brass scrap had risen to $7,750/mt. Recycled brass raw materials prices continued to stay high, and overall spot availability in the market remained tight. High raw material costs made brass billet enterprises more cautious in their procurement strategies, with stockpiling willingness weakening significantly.

[SMM Brass Bar Flash News] Recently, the brass bar industry has been facing the dual challenge of persistently high raw material costs and diverging market demand. According to SMM, although the industry's overall operating rate has rebounded slightly amid the continued rise in prices of recycled brass raw materials, enterprises' willingness to stockpile has declined markedly, and wait-and-see sentiment in the market remains strong.

Japanese copper smelters are cutting back concentrate processing due to falling treatment charges and rising global competition. Companies are shifting toward recycling-based operations, keeping scrap-derived refining lines while scaling down traditional smelting, highlighting the growing importance of recycled copper.

This week, the tungsten market showed a divergent trend with mild corrections in domestic prices and a contrarian rise in overseas APT prices. Domestic tungsten concentrate and midstream product prices remained relatively firm, while scrap tungsten prices dropped sharply as profit-taking emerged. Supported by a tight supply-demand balance, overseas markets strengthened, further widening the price gap between domestic and international markets.

On March 26, a centralized signing ceremony for investment projects in Dianjiang County for the first quarter of 2026 was held. Among the signed projects, a project for the annual production of 50,000 tons of recycled aluminum and aluminum product processing is planned to construct 10 production lines for aluminum smelting and deep processing. After completion and operation, it is expected to achieve an annual output value of 1.25 billion yuan and tax revenue of over 10 million yuan.

Recently, the People's Government website of Nanpiao District, Huludao City, Liaoning Province, released the first public notice regarding the "Automobile Dismantling and New Energy Vehicle Battery Dismantling and Comprehensive Utilization Project" planned by a local ecological environmental protection company. According to the public notice, the company intends to construct a production line capable of dismantling 50,000 end-of-life fuel vehicles annually, a production line for dismantling 50,000 end-of-life new energy vehicles annually, a production line for dismantling and comprehensive utilization of new energy vehicle batteries, and a production line for producing 100,000 tons of recycled aluminum annually, all within the Nanpiao Circular Industrial Park.

SMM News, March 27: Lead prices operated at low levels this week, and secondary lead smelters generally lowered their purchase prices for scrap batteries. Today’s average purchase prices were: waste e-bike battery at 9,775 yuan/mt, waste automotive lead-acid battery (white shell) at 9,875 yuan/mt, and waste automotive starter lead-acid battery (black shell) at 10,075 yuan/mt. Quotes in the recycling market diverged, with some traders raising prices to 9,450 yuan/mt to attract cargoes, squeezing profits, while others lowered prices to 9,250 yuan/mt, with recycling volume constrained. Affected by sluggish downstream consumption, relatively low retirements, weaker prices, and end-users holding back cargoes, recycling volume this week was half the normal level. After the Qingming Festival, the pace of smelter resumptions is expected to gradually accelerate, and demand for raw material procurement is likely to be released. In addition, with raw material inventories at some smelters still at low levels, this is expected to provide some support for scrap battery prices. Going forward, continued attention should be paid to lead price trends and developments in smelter production and maintenance. » Subscribe to View Historical SMM Metal Spot Prices