A weekly update on the trending stories from the New Energy sector. 

A weekly update on the trending stories from the New Energy sector. 

Inventories of domestic cobalt raw materials have declined 7,200 mt with metal content since January 2021. The supply shortage in Q1 stood at 5,100 mt of metal content and at 2,100 mt of metal content in Q2 which has eased on a quarterly basis.

A summary of the trending news of the New Energy sector.

A summary of the trending news of the New Energy sector. Will Xiaomi’s EV business venture be able to compete with Tesla and BYD?

After visiting a number of first-tier lithium companies, SMM found that compared with the third quarter of last year, the current lithium prices almost doubled.

According to SMM survey, cobalt prices trended lower in September-October but have stabilised recently. Inquiries for cobalt raw materials and trades rose. A small number of producers reported that they planned to delay the arrivals of raw materials at ports from September to early October, and the overall arrivals are expected to rise from October to November.

CATL is likely to see 33 GWh of high-Ni ternary battery demand in 2021, translating into approximately 58,000 mt of high-Ni ternary material orders, a sharp increase from 2020.

The 10th Secondary Lead-acid Battery Industry Summit 2020—held by SMM—took place today, at which SMM senior Pb analyst Xia Wenming gave a speech on the theme of “How China lead market will fare in H2 2020 on the backdrop of oversupply”

Battery-grade lithium carbonate prices are expected to rise slightly in early September as large-scale producers intend to raise prices as downstream users step up procurement. Battery-grade lithium hydroxide prices are likely to hold stable.