China Invests Far More than Europe and US in Renewable Energy

[SMM Analysis]Ryosei Akazawa, Japan's chief trade negotiator, emphasized that Japan could not accept the US's imposition of a 25% tariff on imported cars. He pointed out that Japanese automakers produced approximately 3.3 million units in the US annually, significantly exceeding the 1.37 million cars they exported to the US. In addition, these Japanese automakers have invested over $60 billion in the US and created 2.3 million local jobs.

[SMM Analysis]Summarizing the three articles in this series, the author believes that around 70% of U.S. tariffs on China may be a theoretical equilibrium level. If the tariffs are below around 70%, China's LFP energy storage cells still have a price advantage over those produced by the U.S. on its own production lines. If the tariffs are above around 70%, it would be more advantageous for the U.S. to produce LFP energy storage cells locally. However, assuming that the transshipment trade channel is not completely blocked, transshipment trade remains the most economical way of trade.

At the CLNB 2025 (10th) New Energy Industry Chain Expo - New Energy PV ESS Forum hosted by SMM Information & Technology Co., Ltd., Tang Tuo, Consulting Engineer at the Policy and System Research Institute of Nengjian Times (Shanghai) New Energy Storage Technology Research Institute Co., Ltd., shared insights on the topic of "How Can the PV ESS Industry Transition from 'Cut-throat Competition' to 'Win-win' amid overcapacity."

Under the guidance of the "dual carbon" goals, energy storage is continuously adapting to the characteristics and demands of new-type power systems, playing a supportive role in these systems and becoming a crucial guarantee for achieving the energy technology revolution. The innovation and iteration of energy storage system products have become a strong driving force leading the development of the energy storage industry. Currently, the mainstream container energy storage system products in the industry are still primarily of 5MWh capacity. However, during the ESIE 2024 energy storage exhibition, SVOLT Energy Technology, REPT Battero, BYD Energy Storage, and CATL were the first to showcase energy storage systems exceeding 6MWh, leading the energy storage industry towards a high-capacity era at a faster pace. It is particularly noteworthy that in this round of capacity upgrade competition, the frontrunners are all companies primarily engaged in the battery business. Whether in terms of safety, cost, or performance, the role of battery cells in boosting the energy storage industry is self-evident. In this iteration process of energy storage system integration, companies with battery cell R&D and manufacturing capabilities are demonstrating stronger creativity and vitality than ever before.

The global imperative to transition towards a sustainable energy future is no longer a distant reality; it is rapidly becoming a reality. Solar farms blanket dry plains, wind turbines line seashores and ridges, and electric vehicles are a common sight on our highways.

China is preparing to introduce a crude oil futures contract denominated in Chinese yuan and convertible into gold.

According to latest data released by the Japanese Ministry of Finance (MoF), the country’s stainless steel imports declined considerably during the month of May this year.

CNBC reported that China’s biggest steelmaker Baosteel Group Corp. has expressed an interest in Fortescue Metals Group (ASX:FMG).

Xinhuanet reported that a gold sector fund was set up this past weekend during an investment and trade forum in Xi’an, China.

The benchmark 62% Fe import price including freight and insurance at the Chinese port of Tianjin added $2.00 or 3.3% to $62.50 a tonne according to data provided by The SteelIndex, a 10-week high.