Recycled Cobalt Share Jumps to 41% as July Recycling Market Diverges [SMM Analysis]

According to SMM research, the domestic lithium battery recycling market exhibited clear diverging trends in July 2026. During the month, recycled lithium carbonate output declined by 2% month-over-month. Recycled nickel sulfate and cobalt sulfate continued their year-long downtrend, with the weak performance persisting in July and no price recovery in sight.