China’s output of electrolyte for lithium-ion battery reached 102,000 mt in 2017, with motive type accounting for the largest share at 56.8%, up 16% on a yearly basis.
China’s installed capacity of motive batteries for new-energy vehicles reached 37.06Gwh in 2017, according to local information provider China Battery Enterprise Alliance.
Manganese prices are likely to stay supported as spot supply remained tight following the production cuts of major plants in north China at the end of December.
price review forecast
The operating rates of Chinese silicon producers in December stood at 37.7%, down from 47.2% in November, according to SMM research.
Democratic Republic of the Congo plans to more than double the royalties it levies on cobalt as the country sees the key ingredient in lithium-ion batteries as strategic mineral.
Global plug-in electric vehicle (PEV) sales hit 1 million units in 2017, according to a report from Navigant Research.
Buyers in China would be exempt from paying vehicle purchase tax when they buy new-energy vehicles from January 1 this year to December 31, 2020.
Copper foil price is set to go up further as global deficit of the raw material for lithium-ion battery is estimated to increase to 10% in 2018.
Some silicon plants have stopped making offers on the last trading day of 2017 as they felt optimistic about the market in January.
Dec 29 2017
A lithium mine with 520,000 mt of reserve was discovered in Aba prefecture, Sichuan province recently, Chinese media reported.
Dec 28 2017
SMM surveys major Chinese producers in the base metals market every month to get first-hand production data. The following table shows the latest output in December and our forecast for January.
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