This week, the solid-state battery sector gained significant momentum, with multiple domestic enterprises achieving key breakthroughs in environmental approvals, sample deliveries, and mass production, while overseas players in South Korea and the United States intensified technological competition. Across the industry chain—from cathode and anode materials, electrolytes, to battery cell manufacturing—progress advanced in parallel, marking a phase of intensive validation and capacity building for industrialisation.

The average price of high-grade NPI dropped by 4 yuan/mtu WoW to 881.3 yuan/mtu (ex-factory, tax included), while the Indonesian NPI FOB index price fell by $0.21/mtu WoW to $109.63/mtu.Entering December, as stainless steel and SHFE nickel futures prices rose, market sentiment recovered somewhat. At the same time, high-grade NPI smelters faced dual pressures from long-term contract negotiations and prices below cost lines, leading to clear efforts to hold prices firm. High-grade NPI prices gradually stabilized.

Prior to the 2025 SMM APAC Lead-Acid Battery Industry Conference, organized by Shanghai Metals Market (SMM), SMM led a delegation on a corporate visit to KIJO Battery (Vietnam) Co., Ltd. for exchange and insights.

he operating rate for secondary copper rod in November was 23.84%, higher than the expected 27.68%, down 2.62% MoM and down 12.46% YoY.

SMM December 4th News:Driven by the rally in upstream raw materials, the entire tungsten industrial chain has witnessed a synchronized upward movement. Given that the supply-demand imbalance in the tungsten market is unlikely to be resolved in December, the upward trend across the whole industrial chain is expected to continue.

Prior to the upcoming 2025 SMM APAC Lead-Acid Battery Industry Conference, organized by Shanghai Metals Market (SMM), SMM led a delegation on a corporate visit to Xupai Power Vietnam Co., Ltd. for exchange and insights.