Trash Tracks Treasure

Black mass is a metals derivative: each recycled feedstock tracks its most valuable contained metal, scaled to each series' 2026 range (low = 0, high = 1).

2026 YTD Battery Component Price Report. Min–max index; subject to specification variance. Weekly, Jan 1 – Jul 31 2026; every series is scaled so its lowest 2026 weekly price = 0 and its highest = 1. x = contained metal, y = black mass.
Source: Intercalation StationDownload image