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【SMM Announcement】SMM Domestic Prices Suspended During New Year Holiday; Overseas Prices Resume on Jan 2
Dec 31, 2025 23:58
The 2026 New Year's Day holiday is around the corner. Below is SMM's service schedule for your reference:
![[SMM Analysis] Lithium Carbonate Market 2025 Review & 2026 Outlook: From Surplus to Demand-Driven Deficit, Market to Stabilize via Price-Supply Rebalancing](https://imgqn.smm.cn/production/admin/news/cn/thumb/TmtQS20180719180222.png?imageView2/1/w/176/h/110/q/100)
[SMM Analysis] China's Spodumene Imports Increased 12% Month-on-Month in November 2025, Reaching 729,000 Tons
Customs data shows that in November 2025, China's spodumene imports reached 729,000 physical tons, a month-on-month increase of 12%, equivalent to approximately 81,000 tons of lithium carbonate equivalent (LCE) based on SMM's statistical calculations after accounting for average grade and moisture content.
Dec 31, 2025 22:09
Year-End Blockbuster! First National Standard for Automotive Solid-State Batteries Open for Public Comment, Industry Bids Farewell to "Semi-Solid-State" Chaos and Embraces Harmony.
hina's first national standard for automotive solid-state batteries, "Electric Vehicles—Solid-State Battery—Part 1: Terminology and Classification," was released for public comment on December 30, 2025. The standard clearly categorizes batteries into three types: liquid, hybrid liquid-solid, and solid-state, eliminating the term "semi-solid-state." It sets a mass loss rate of ≤0.5% as the core criterion for defining solid-state batteries. This move aims to unify industry standards, end conceptual confusion, and marks a step toward standardized industrial development.
Dec 31, 2025 16:53
[SMM Analysis] South Korea’s EV Market: Carbon Credit Incentives Policy May Support Gradual Demand Recovery
South Korea’s EV market has faced near-term pressure due to reduced subsidies, safety concerns, and uneven charging infrastructure. However, recent policy measures, including transition incentives and the expansion of carbon credit schemes to individual EV users, signal a shift toward lifecycle-based support. While short-term impacts may be limited, these measures are expected to help stabilize demand and support a gradual recovery in the EV market.
Dec 31, 2025 16:30
[SMM Analysis] Lithium Ore and Recycling in Q4 2025: From Demand Resonance to Peak Sentiment, Returning to Rational Valuation Recovery in Q1 2026
[SMM Analysis] In Q4 2025, the lithium battery industry chain underwent a deep transition from "destocking and recovery" to "sentiment-driven fluctuations." Lithium ore prices experienced wild swings in line with lithium carbonate futures and spot movements. In November, driven by limit-up moves in futures, prices entered an upward trend. By month-end December, suppliers, supported by stockpiling costs, continued to hold prices firm with strong sentiment. The lithium chemicals market entered a phase of significant destocking, underpinned by robust demand from the electric vehicle and ESS sectors. The recycling market for spent batteries saw a tug-of-war between losses and following price increases, while the discount coefficient for ternary black mass rose significantly, influenced by cobalt and lithium prices. Looking ahead to Q1 2026, the market is expected to shift from sentiment-driven volatility back to rationality, seeking a new equilibrium amid long-term contract negotiations, capacity release, and seasonal demand pullback.
Dec 31, 2025 15:27
Energy Density Breaks 348.5 Wh/kg! Zhaona New Energy's Solid-State Sodium-ion Battery Sets New Industry Record
On December 31, 2025, Sodium Technology announced that its large-format (above 25 Ah) all-solid-state sodium-ion battery cell achieved an energy density of 348.5 Wh/kg, certified by the China Automotive Technology and Research Center. The battery utilizes a "high-specific-energy layered oxide cathode + anode-free" technology. The cathode, optimized through atomic-level design, combined with the anode-free structure, significantly enhances energy density and cycle performance. This breakthrough challenges the traditional perception of low energy density in sodium-ion batteries, surpassing mainstream ternary lithium batteries, and is expected to promote the application of sodium-ion batteries in high-end power, aerospace, and other fields.
Dec 31, 2025 14:36
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