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Breaking Ranks to Survive-Northvolt Announces Business Realignment and Layoffs

Breaking Ranks to Survive-Northvolt Announces Business Realignment and Layoffs

Sep 10, 2024 20:55

Northvolt announced cost-cutting measures, including layoffs and the de-prioritization of cathode materials and battery storage production. The company will focus on cell production and sell, suspend or terminate non-core business units. Key steps include halting the cathode production at the Northvolt Ett, terminating the Northvolt Fem project, seeking new investors for Northvolt Dwa in Poland and etc. SMM believe that

August saw a higher-than-expected increase in the operating rate of copper cathode rods in China. Can the traditional peak season in September continue to meet optimistic expectations? [SMM Analysis]

August saw a higher-than-expected increase in the operating rate of copper cathode rods in China. Can the traditional peak season in September continue to meet optimistic expectations? [SMM Analysis]

Sep 09, 2024 11:06

[SMM Analysis: August Copper Cathode Rod Operating Rate Exceeds Expectations, Will the Positive Trend Continue in September, the Traditional Peak Season?] According to the SMM survey, the operating rate of copper cathode rod producers was 74.62% in August, up 4.10% MoM and 4.16% YoY, exceeding the expected value by 1.90%. The operating rate for large enterprises was 82.64%, for medium-sized enterprises 62.08%, and for small enterprises 62.39%. (Surveyed enterprises: 61, capacity: 13.877 million mt)

Lithium carbonate prices embrace "long-awaited surge"! CATL plans to adjust lithium carbonate production arrangements in Yichun; insiders analyze the "shutdown mainly due to cost reasons."

SMM Notice on News Updates Suspension during the Mid-Autumn Festival

Breaking Ranks to Survive-Northvolt Announces Business Realignment and Layoffs

August saw a higher-than-expected increase in the operating rate of copper cathode rods in China. Can the traditional peak season in September continue to meet optimistic expectations? [SMM Analysis]

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Demand for the energy storage market is gradually recovering; battery cell prices have not yet stopped falling.

This week, the prices of 314Ah and 280Ah energy storage battery cells slightly declined, while the prices of 100Ah and 50Ah energy storage battery cells remained stable.

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Sep 12, 2024 20:04

SMM Analysis: China Refined Zinc Imports Declined In July, But May See A Limited Increase In August

According to the latest customs data, in July 2024, the import volume of refined zinc was 18,500 mt, down 16,500 mt or 47.17% MoM, and down 75.97% YoY.

time

Sep 12, 2024 18:13

SMM analysis: China's refined zinc production fell in August, but may recover slightly in September

In August 2024, China's refined zinc production was 486,300 mt, down 0.68% MoM (3,300 mt) and down 7.64% YoY.

time

Sep 12, 2024 18:12

Mid-Autumn Festival is approaching, Analysis of Domestic Aluminum Inventory by SMM

In mid-August, domestic aluminum ingots began to drop.

time

Sep 12, 2024 18:08

GAC Hino partners with AI DRIVE for new energy commercial vehicle development

On September 12, GAC Hino and Zhiyuweike (Chongqing) Technology Co., Ltd. (“AI DRIVE”) signed a strategic cooperation agreement in Guangzhou.

time

Sep 12, 2024 18:08

Gasgoo Daily: VOYAH COURAGE to make debut at Turin Motor Show

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

time

Sep 12, 2024 18:08

SMM Analysis On China July Zinc Concentrate Imports And August Forecast

According to the latest customs data, zinc concentrate imports in July 2024 were 375,400 mt (physical tons), up 39.27% (105,800 physical tons) MoM from June, down 4.71% YoY.

time

Sep 12, 2024 18:07

MMi Daily Iron Ore Report (Sep 12)

Iron ore futures surged today. The most-traded contract I2501 finally closed at 707 yuan/mt, with a daily increase of 3.97%. Traders actively sold their stocks;

time

Sep 12, 2024 18:04

The social inventory of zinc ingot in seven regions tracked by SMM decreased by 4,200 mt [SMM data]

SMM, September 12: According to an SMM survey, as of Thursday, September 12, the total zinc ingot inventory in seven regions stood at 113,400 mt.

time

Sep 12, 2024 18:00

EMM prices stayed stable, holders showed a strong sentiment to hold prices firm [SMM EMM Daily]

Today, the spot price of EMM in the main production areas averaged 12,000-12,200 yuan/mt, flat compared with the previous working day.

time

Sep 12, 2024 17:40

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