I do have a little familiarity with lithium-ion technologies, but no direct insight into battery recycling. Please correct me if I'm mistaken. I absolutely do

I do have a little familiarity with lithium-ion technologies, but no direct insight into battery recycling. Please correct me if I'm mistaken. I absolutely do think that "recycled" battery materials are being stored as combined goop or "black mass"! For the following reasons: 1. I'm not aware of a commodity spot price for battery sludge/powder 2. I'm not aware of any cell manufacturer using recycled materials in their cathode materials 3. I'm not aware of any cell manufacturer or recycler processing recycled battery sludge/powder and re-selling cathode materials made from recycled materials 4. I am well aware of the large technical and cost barrier to processing and separating this "black mass": The chemical elements occupy all of the positions from #24-#30 in the periodic table, and existing processes to separate the elements are expensive and resource-intensive. What I don't have insight into is: who is buying recycled battery material mixtures? If they are available cheaply, we could speculate on them and hold them, assuming that refining processes will grow cheaper over time, and that the value of the recycled material mixtures will increase.