BMx: Circle8's black mass payable calculator, marketplace and benchmark

/Black massBMx

002BMx

Everything black mass, priced on payables

BMx is where black mass is valued, bought, sold and benchmarked. Turn metal content and market prices into a transparent procurement price, browse tested lots priced the same way, and follow the payable benchmark.

BMx payable calculator

Calculate the payable value of black mass

Enter the material, market prices and commercial terms for an indicative buying price.

Material

Net weight (MT)Moisture (%)

Market prices

Cobalt (USD/MT)Nickel (USD/MT)Manganese (USD/MT)Lithium (USD/MT)USD to INR

Composition and payable

Cobalt

Content (%)Payable (%)

Nickel

Content (%)Payable (%)

Manganese

Content (%)Payable (%)

Lithium

Content (%)Payable (%)

Content is contained metal by weight. Payable is the share of contained metal value paid to the supplier. Manganese is valued on the manganese sulphate CIF price and lithium on the lithium hydroxide CIF price.

Net payable price––

Gross value–

Moisture deduction–

Net amount–

Metal payable–

Metal value contribution

Cobalt

–

Nickel

–

Manganese

–

Lithium

–

List your material

Indicative calculation only. Final value may vary based on assay, quality, actual market settlement, commercial terms, logistics, taxes and applicable deductions.

Verified black mass supply

Source black mass with pricing clarity

Browse tested lots priced with the same payable logic as the calculator. Review assay, quantity and testing details, then enquire directly or submit material for Circle8 verification.

lots listed: 6
quantity listed: 105.25 MT
GST, shown separately: 18%

Showing 6 lotsList your material

C8-BM-1001NMCAvailable

NMC black mass: EV pack processing line

Pune, Maharashtra24 MTListed 05 Sept 2026Tested 12 Sept 2026

Shredded and dried black mass from end-of-life EV modules. Packed in 1 MT jumbo bags.

Assay

Cobalt: 8.8%
Nickel: 13.6%
Manganese: 9.1%
Lithium: 3%
Moisture: 1.2%

Payable rates

Cobalt: 78%
Nickel: 78%
Manganese: 70%
Lithium: 0%

Indicative payable₹489.10/kg

Metal payable$5,211.00/MT

Lot value (basic): ₹1,17,38,514.25
GST @ 18%: ₹21,12,932.56
Total incl. GST: ₹1,38,51,446.81

NABL-accredited third-party lab · ICP-OES after aqua regia digestion · Report LAB/2026/09/4471

C8-BM-1002NMCUnder offer

NMC/NCA black mass: consumer cell scrap

Bhiwadi, Rajasthan11.5 MTListed 08 Sept 2026Tested 15 Sept 2026

Mixed consumer cells, magnetically cleaned. Slightly higher nickel, lithium not payable.

Assay

Cobalt: 6.4%
Nickel: 18.2%
Manganese: 6.5%
Lithium: 3.2%
Moisture: 2.4%

Payable rates

Cobalt: 78%
Nickel: 76%
Manganese: 64%
Lithium: 0%

Indicative payable₹443.43/kg

Metal payable$4,782.51/MT

Lot value (basic): ₹50,99,497.75
GST @ 18%: ₹9,17,909.59
Total incl. GST: ₹60,17,407.34

In-house lab, third-party cross-check available · ICP-OES, duplicate sampling · Report LAB/2026/09/4502

C8-BM-1003LCOAvailable

LCO black mass: mobile and laptop cells

Hosur, Tamil Nadu6 MTListed 02 Sept 2026Tested 10 Sept 2026

High-cobalt black mass from portable electronics. Low moisture, homogeneous lot.

Assay

Cobalt: 21.5%
Nickel: 0.4%
Lithium: 2.6%
Moisture: 0.9%

Payable rates

Cobalt: 78%
Nickel: 70%
Lithium: 0%

Indicative payable₹793.70/kg

Metal payable$8,430.61/MT

Lot value (basic): ₹47,62,199.80
GST @ 18%: ₹8,57,195.96
Total incl. GST: ₹56,19,395.76

NABL-accredited third-party lab · ICP-OES after aqua regia digestion · Report LAB/2026/09/4388

C8-BM-1004LFPPartially committed

LFP black mass: stationary storage retirement

Vadodara, Gujarat40 MTListed 06 Sept 2026Tested 14 Sept 2026

Iron-phosphate black mass, lithium-only value. Suited to selective lithium recovery.

Assay

Cobalt: 0%
Nickel: 0%
Lithium: 1.9%
Moisture: 3.1%

Payable rates

Cobalt: 0%
Nickel: 0%
Lithium: 55%

Indicative payable₹9.43/kg

Metal payable$102.41/MT

Lot value (basic): ₹3,77,094.10
GST @ 18%: ₹67,876.94
Total incl. GST: ₹4,44,971.04

Third-party lab, sealed umpire sample retained · ICP-OES, moisture by loss on drying · Report LAB/2026/09/4460

C8-BM-1005NMCAvailable

NMC black mass: 2/3-wheeler pack scrap

Ludhiana, Punjab8.75 MTListed 01 Sept 2026Tested 09 Sept 2026

Dry, screened to under 1 mm. Suitable for hydrometallurgical feed without re-milling.

Assay

Cobalt: 7.9%
Nickel: 15.1%
Manganese: 8.6%
Lithium: 3.1%
Moisture: 1.6%

Payable rates

Cobalt: 77%
Nickel: 78%
Manganese: 69%
Lithium: 0%

Indicative payable₹468.11/kg

Metal payable$5,007.61/MT

Lot value (basic): ₹40,95,973.13
GST @ 18%: ₹7,37,275.16
Total incl. GST: ₹48,33,248.29

NABL-accredited third-party lab · ICP-OES, triplicate assay · Report LAB/2026/09/4350

C8-BM-1006LCOAvailable

LCO/NMC blended black mass: mixed feed

Navi Mumbai, Maharashtra15 MTListed 09 Sept 2026Tested 16 Sept 2026

Blended feed with cobalt-rich fraction. Assay-based settlement on landed weight.

Assay

Cobalt: 14.2%
Nickel: 5.8%
Lithium: 2.9%
Moisture: 2%

Payable rates

Cobalt: 78%
Nickel: 75%
Lithium: 0%

Indicative payable₹581.56/kg

Metal payable$6,246.62/MT

Lot value (basic): ₹87,23,397.85
GST @ 18%: ₹15,70,211.61
Total incl. GST: ₹1,02,93,609.46

Third-party lab, buyer witness sampling allowed · ICP-OES after aqua regia digestion · Report LAB/2026/09/4519

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Snapshot of BMx Marketplace on 24 September 2026. Availability and prices change, so check the live marketplace. Indicative values only. Final settlement depends on umpire assay, landed weight and agreed commercial terms. Submitted materials are reviewed before publication.