Black Mass Market Collapses as Chinese Importers Halt Purchases and Payable Rates Plunge.The market for black mass produced from lithium-ion battery (LIB) scrap is suffering a sharp drop in demand and a price crash. Chinese importers have been halting purchases one after another, and payable rates for nickel and cobalt have fallen steeply. Japanese black mass traders are now being forced to fundamentally rethink their approach to the market.
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