The first annual Palladium Global Science Award competition is now live, with a total prize fund of $350,000. Scientists, startups and research groups involved in the study, analysis and development of new applications for palladium have to submit their entries until 31 July 2025. The China Precious Metals Industry Committee (CPMIC) is the main partner of the competition.

Rho Motion, the leading EV research house, today revealed that the number of electric vehicles sold globally in February 2025 is 1.2 million. The EV market grew by almost 50% compared to February 2024, but fell by 3% compared to January 2025.

The Chinese IPO market saw a stark slowdown in 2024 as the securities regulator increased the red tape around listing. This, combined with the Hong Kong Exchange (HKEx) recently easing rules for Chinese companies to hold dual listings there, has led many Chinese players to look to the market to raise funds. This is notable for companies operating within the electric vehicle (EV) and battery space.

The BESS market is the fastest growing battery demand market globally, increasing 53% year on year in 2024 according to Rho Motion’s BESS database.

China’s annual Two Sessions meeting has concluded outlining the economic goals and policy directions for the year in the world’s second largest economy. The meetings put a strong emphasis on future technologies, financial stability and consumer driven demand growth, with China seeking to further improve its positioning on the world stage. The meeting also gave insights into the thoughts of major EV & battery company leaders.

Entering mid-March, as the traditional peak season effect of "Golden March and Silver April" gradually unfolds, the spot supply-demand pattern in the aluminum industry chain continues to improve. Upstream production site inventory had accelerated destocking earlier, and recently, in-transit cargo volumes have contracted MoM. Coupled with the continued strong weekly outflows from warehouses of aluminum ingots and aluminum billets, the domestic spot aluminum supply and demand pressure has eased, inventory has shown significant improvement, and there were initial signs of destocking in domestic aluminum inventory mid-week last week. Recently, aluminum prices have also been attempting to break through the 21,000 mark. According to Shanghai Metals Market (SMM) data...