EV Charging Industry Report - Biweekly 002

Recently, there has been a divergence in the price trends at the recycling end. In terms of transactions, the current recycling market continues the previously sustained light situation, with sluggish market transactions.

On May 17, lithium carbonate futures rose 2.45% to 106,450 yuan/ton (~14,723.37 USD/ton). The battery-grade index dropped to 106,882 yuan/ton (~14,783.13 USD/ton).

New Progress in Sodium-ion Battery Electrolyte Research

Today's lithium carbonate market was stable with a minor decline, as the SMM index dropped to 110,825 yuan/ton (~$15,307.32 USD/ton), and futures fell by 0.73%.

Today's lithium carbonate market showed stability with a minor futures decline of 0.53%, and the SMM index at 112,041 yuan/ton (~15,475.28 USD/ton).

On March 22nd, lithium carbonate futures fell by 2.68% to 114,350 yuan/ton, while spot prices held at 112,550 yuan/ton, amid cautious purchasing and stable market sentiment.

On March 15th, lithium carbonate futures dipped by 0.65% to 115,050 yuan/ton, while spot prices remained stable at an average of 112,250 yuan/ton, amid cautious market sentiment.

【Pilbara Receives Pre-Auction Bids for Spodumene】

【Samsung SDI Finalizes Plans for Third Factory in Hungary, Second Factory Expected to Complete in September】According to foreign media reports, Samsung SDI has finalized its investment plan to build its third battery factory in Hungary. Sources say the company is expected to spend more than 6 trillion won on overall facility expansion this year, of which over 1 trillion won will be used to build the third factory.

Most Actively Traded Lithium Carbonate Contract Continues to Rise, Up 1.94% 【SMM Futures Review】SMM News on February 26: On February 26, the most actively traded lithium carbonate futures contract 2407 continued to rise by 1.94%. Data shows that the most actively traded lithium carbonate futures contract 2407 opened at RMB 102,000/ton and closed at RMB 102,300/ton, with a trading volume of 215,205 lots and open interests of 179,602 lots, an increase of 5,818 lots from the previous trading day. SMM’s spot price quotation for battery-grade lithium carbonate on the same day was RMB 94,300-99,000/ton, averaging at RMB 96,650/ton, an increase of RMB 400/ton from the previous working day. Judging from the trend, lithium carbonate prices opened slightly higher in the morning and then fluctuated lower, running to the day's low of RMB 101,250/ton before fluctuating higher. After the noon opening, the most actively traded contract fluctuated lower in a small range before finally closing up 1.94%.