[Globalization Process Accelerates - Ronbay Technology Signs Memorandum of Understanding with SK On]

Spot market stable at 107,500-112,000 yuan/ton, futures rose 0.88% to 108,500 yuan/ton, with 199,520 lots traded.

The three rights are for areas including an 18.83 square kilometer mineral deposit in Tianshuihai, Hotan County, a 6.7059 square kilometer deposit in the outskirts of Dahongliutan, Longmen Mountain, Hotan County, and a 105.3935 square kilometer deposit in the southern part of Washixia, Ruoqiang County. These were won respectively by Xinjiang Dehuilongwang Mining Co., Ltd., Hotan Zhiyuan Mining Co., Ltd., and Xinjiang Hongshengjairui Mining Co., Ltd."

On March 22nd, lithium carbonate futures fell by 2.68% to 114,350 yuan/ton, while spot prices held at 112,550 yuan/ton, amid cautious purchasing and stable market sentiment.

【China's domestic power battery installation volume in February is 18GWh, CATL holds over 55% market share】Recently, the China Automotive Power Battery Industry Innovation Alliance (hereinafter referred to as "Battery Alliance") released the power battery monthly data for February of this year. According to the data, in February, China's power battery installation volume declined both year-over-year and month-over-month. From a corporate perspective, CATL's market share exceeded 55%, with BYD's share close to 18%. Specifically, in February, China's power battery installation volume was 18GWh, a year-over-year decrease of 18.1% and a month-over-month decrease of 44.4%. This is in line with the downward trend in the production and sales of new energy vehicles for the month.

On March 12th, lithium carbonate futures surged 4.13% to 119,850 yuan/ton, and spot prices rose to an average of 110,000 yuan/ton, amid market optimism and supply-demand adjustments.

For the week ending March 7, lithium carbonate prices saw an overall increase.

[India launches second round of critical mineral block bidding 18 critical mineral blocks involving tungsten, vanadium, cobalt and nickel will be auctioned] According to the Mining.com website, citing Reuters, Indian mining minister Pralhad Joshi revealed on Thursday that a second round of critical mineral block auctions worth 30 trillion rupees (about 362 billion US dollars) will be launched. According to the government announcement, 18 critical mineral blocks will be auctioned, involving minerals including tungsten, vanadium, cobalt and nickel, among others. Joshi added that there will be no more coal shortages in India this year.

SMM News on February 22: During the Spring Festival holiday, many downstream battery companies had holiday arrangements and the demand for anodes was weak with less procurement. In addition, factors like logistics suspensions affected the market, and there was very limited trading of anode materials during the holiday...

CATL has announced an international patent application for a sodium-ion battery