SMM Daily Review: February 4 Spot Lithium Carbonate Prices Continued to Decline

Data from the National Energy Administration showed that, based on statistical analysis of 53,300 highway charging piles included in the national charging facility monitoring service platform, from the 28th day of the twelfth lunar month (February 15) to the seventh day of the first lunar month (February 23), the total number of EV charging sessions on highways reached 6.021 million, with a total charging volume of 149.7675 million kWh and a daily average charging volume of 16.6408 million kWh, up 52.01% YoY compared to the daily average during last year's Chinese New Year holiday, setting a new historical record.

Chan pointed out that Hong Kong can play a role in several key areas, including contributing to the development of a modern industrial system for the nation and accelerating high-level technological self-reliance. Hong Kong possesses strong fundamental research capabilities and holds unique advantages in fields such as AI, life and health technologies, fintech, as well as new materials and new energy. At the same time, as an international financial center, Hong Kong will advance "finance plus" initiatives, leveraging finance to better serve the real economy and advantageous industries, while accelerating the mutual empowerment of finance and innovation and technology, using Hong Kong's strengths to meet national needs.

Zijin Mining released an announcement regarding its three-year (2026-2028) production plan for major mineral products and its long-term vision for 2035. The lithium carbonate equivalent production targets for 2026 and 2028 are set at 120,000 mt and 270,000-320,000 mt, respectively, representing increases of 380% and 980%-1180% compared to the 2025 production of 25,000 mt.