Canada Plans to Invest Over 84.4 Million Yuan to Add 8,000 Charging Piles

[SMM Daily Review: Spot Lithium Carbonate Prices Dropped Slightly on March 6] The SMM battery-grade lithium carbonate index price dropped slightly from the previous working day. Futures performance showed that the most-traded contract fluctuated within the range of 151,100-160,900 yuan/mt throughout the day, and open interest increased by about 1,500 lots from the previous trading day. In terms of actual transactions, upstream lithium chemical plants remained weak in their willingness to sell spot orders, with strong sentiment to hold back sales and hold prices firm. Most downstream enterprises took a cautious purchasing stance, mainly staying on the sidelines. A small number of material plants bought the dip when prices were relatively low. Overall, although market inquiries increased, actual transactions remained somewhat sluggish.

As losses in its automotive business continued to increase, Japanese automaker Honda sought to strengthen its product lineup in the domestic Japanese market and therefore planned to import vehicles from the US and China for sale at home. After Honda’s automotive business posted an operating loss of 166.4 billion yen ($1.1 billion) in the first nine months of the fiscal year, it was reassessing its strategy in an effort to improve competitiveness.

Autonomous driving company Momenta was reported to have filed for a $1 billion IPO in Hong Kong.