【SMM New Energy】PLS Announces Restart of Ngungaju Plant in July and Updates Capacity Expansion Timeline

During the 2026 Spring Festival holiday, the electrolytic manganese market stabilized at the bottom with sluggish transactions. Before the holiday, the market’s downward momentum slowed after a cumulative 600 yuan/ton drop, with mainstream prices approaching the 17,000 yuan/ton mark, supported by steel mills’ final pre-holiday stockpiling. During the holiday, prices remained stable at around 17,300 yuan/ton with almost no transactions.

[SMM Hydrogen Energy Express] On February 12, Shanghai Electric Power Station Group successfully won the bid for Section 1 of the EPC project for the Lanzhou New Area 100 kt/year biomass green methanol project (Phase 1), and will provide key technologies, core equipment, and EPC turnkey services. It is understood that Shanghai Electric had previously successfully verified its self-developed entire industry chain technology system for "green methanol production from green electricity coupled with biomass gasification" in the Taonan Green Methanol Integrated Demonstration Project in Jilin. The newly awarded project is located in the Chemical Industry Park of Lanzhou New Area and is the first biomass gasification to green methanol project in Gansu Province.