[SMM Weekly Review of Power Battery Cell Market] Intensive Launch of New Car Models Drives Up Demand

[SMM Weekly Review: Strong Wait-and-See Sentiment in the Market, EVA Transaction Center Continues to Decline] This week, the price of PV-grade EVA was 10,500-10,700 yuan/mt, the mainstream price range of EVA film was 13,000-13,200 yuan/mt, and the price range of EPE film was 14,500-15,000 yuan/mt.

[China Remains Peru's Largest Copper Exporter] According to a report on the BNAmericas website, driven by the mining sector, Peru's exports rebounded in Q1. Data from the Ministry of Foreign Trade and Tourism of Peru showed that copper, gold, and zinc were the main factors contributing to the growth in mineral exports. In February, affected by shrinking demand, Peru's copper exports decreased by 0.4% YoY. However, in March, Peru's copper export value reached $2.58 billion, up 24.7%; in Q1, the cumulative copper export value was $6.62 billion, up 23%. (Webstock Inc.)

[Global Changes in the Cobalt Industry Chain and Outlook for the Chinese Market Following the DRC's Cobalt Export Ban] In 2024, the global cobalt market is undergoing significant changes under the influence of the export ban policy in the Democratic Republic of the Congo (DRC). Wang Cong, General Manager of Industry Research at SMM, provided an in-depth analysis of the dynamics of China's cobalt industry chain, the global resource competition landscape, and demand trends at the recent Global Cobalt Forum organized by the Cobalt Institute in Singapore. The key points are as follows: