PNT Announces Q2 Revenue

Kia has revealed U.S. pricing for its compact electric SUV, the EV3. The base model will start at USD 31,385 including destination charges, making it the most affordable Kia electric vehicle sold in the U.S. According to Kia America, the base Light trim of the 2027 EV3 is priced at USD 29,890. With a destination charge of USD 1,495, the actual starting price comes to USD 31,385.

【Zimbabwe Project of CMOC to Produce 100,000 Tons of Lithium Sulfate per Year Fully Launches Construction】Aaccording to the announcement from Sinomine Resource Group, recently, the Zimbabwe-based Masingo Lithium Technology Co. , Ltd. under Sinomine Resource Group has officially obtained the Environmental Impact Assessment (EIA) certificate issued by the Environmental Management Agency (EMA) of Zimbabwe, marking the official transition of its 100,000-ton-per-year lithium sulfate project from the pre-preparation phase to the full-scale construction and implementation phase. At present, all construction work of the project is steadily advancing in accordance with the established plan. The civil engineering subcontractor China Railway No. 9 Group and the installation subcontractor Shandong Dadi have all entered the site, the on-site construction organization system has been basically established, and civil construction, equipment installation and related supporting projects will be launched one after another. According to the overall construction plan, the project is expected to be completed and put into production in the middle of 2027.

[SMM Daily Review: August 12 Spot Lithium Carbonate Prices Continued to Rise] SMM battery-grade lithium carbonate spot prices continued to rise today compared with the previous working day. The lithium carbonate 2609 contract opened high at 146,200 yuan/mt today, with bulls actively entering the market after the open, consolidating and climbing; in early trading it quickly broke above 148,000 yuan/mt and shot up to 150,900 yuan/mt, a new intraday high; around midday it consolidated at highs in the 149,000–150,000 yuan/mt range; in the afternoon the price pulled back slightly but remained above the average price line, and near the close it moved sideways around 149,700 yuan/mt, finally closing up 2.97% at 149,700 yuan/mt, with open interest decreasing by 20,872 lots. In the spot market, the downstream maintained a cautious wait-and-see stance, and as prices consolidated and rose, downstream material plants mainly consumed long-term contracts and customer-supplied materials; in contrast, upstream lithium chemical plants showed an increased willingness to sell spot orders. Overall, market inquiries and actual transactions were relatively mediocre.