Korea Zinc Secures Grid Connection Approval for Australian ESS Project

China's National Bureau of Statistics said investment in high-tech industries grew 4.5% year-on-year in the first five months of 2026. Investment in lithium-ion battery manufacturing rose 24.9%, while investment in integrated circuit manufacturing increased 11%.

【Phosphorus Chemicals: Wengfu Raises Wet-Process 85% Phosphoric Acid Price by RMB 500 to RMB 12,100/ton】 On June 15, 2026, according to SMM, Wengfu increased its ex-factory price for wet-process 85% phosphoric acid by RMB 500 to RMB 12,100/ton. Driven by sharp fluctuations in sulfur prices, this hike is intended to ease tight supply pressures and curb downstream demand. A total of 800,000 tonnes of capacity at the Dazhou and Shanghang bases remain offline. Outlook: Significant geopolitical influences are expected to keep prices volatile in the short term. The rise in phosphoric acid prices further pushes up production costs for iron phosphate and lithium iron phosphate (LFP).

According to industry sources on June 15, Sebang Lithium Battery will establish a local subsidiary in Ohio, the United States, and handle production of grid-scale ESS battery modules for LG Energy Solution. The order is valued at KRW 1.8 trillion, with revenue expected to begin from the fourth quarter of this year.