Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Battery Separator Electrolyte Other Materials Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / Construction starts on 5-billion-yuan energy storage project in Nantong

Construction starts on 5-billion-yuan energy storage project in Nantong

Dec 27, 2018 14:57

Source:SMM

Project is designed with an annual capacity of 8GWh

SHANGHAI, Dec 27 (SMM) – Construction of an energy storage system base, co-invested by state-owned Shanghai Electric and a lithium battery supplier Guoxuan Hi-Tech, commenced in Nantong of Jiangsu province on December 26, according to a news release on China's new energy site china-nengyuan.com.

With a total investment of 5 billion yuan, the project is designed with an annual capacity of 8GWh. Phase-one project received some 2 billion yuan of investment, with production scheduled in the fourth quarter of 2019.

Market commentary

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Shanghai base metals were mostly lower on Tuesday morning as investors awaited the release of China's trade data for June. Meanwhile, their counterparts on the LME also fell for the most part.

Jul 13, 2021 10:00

SMM Comments

SMM Morning Comments (Jul 13): Shanghai base metals were mostly lower as investors awaited China's trade data for June

Demand dwindles in Shanghai spot zinc market

Trades thinned on Wednesday Aug 22 as demand weakened after transactions from most long-term contracts ended

Aug 22, 2018 14:58

SMM Comments

Demand dwindles in Shanghai spot zinc market

POSCO manganese purchasing price fall in Sept tender

Purchasing price for its Sept tender settled at $2,509/mt cfr over the weekend, down some 11% from Aug

Aug 20, 2018 15:02

SMM Comments

POSCO manganese purchasing price fall in Sept tender

Production curbs bolster China’s aluminium fluoride prices

Aluminium fluoride prices in the Chinese market have been holding steady since the beginning of this month

Aug 13, 2018 16:57

SMM Insight SMM Comments

Production curbs bolster China’s aluminium fluoride prices

South China sees brisk spot aluminium trades

Trades were brisk on Jul 18 as sellers were willing to offload cargoes and as traders and downstream consumers were keen to purchase

Jul 18, 2018 15:09

SMM Comments

South China sees brisk spot aluminium trades

Accident shuts Chongqing manganese plant for two weeks

Local environmental protection authorities ordered the suspension from Jul 18 after an accident occurred at the plant

Jul 18, 2018 13:27

Industry Reminder

Accident shuts Chongqing manganese plant for two weeks

Imported copper concentrate TCs remain at highs

TCs of imported clean copper concentrate for the week ended Friday Jul 13 stood at $83-90/mt

Jul 13, 2018 16:28

SMM Comments Analysis

Imported copper concentrate TCs remain at highs

Approved copper scrap imports in 15th batch reach record high this year

Some 153,500 mt of copper scrap received the green light in the 15th batch of approvals for restricted solid scrap imports

Jul 4, 2018 14:56

Industry Analysis

Approved copper scrap imports in 15th batch reach record high this year

Rebar spot trading quiet on downpours and weak futures prices

Rebar trading in China’s spot market was thin on Monday July 2 due to downpours at several regions and weak futures

Jul 3, 2018 10:10

SMM Comments

Rebar spot trading quiet on downpours and weak futures prices

Weiqiao lowers prebaked anode buying price for seven straight months amid oversupply

Weiqiao Group has lowered its purchasing prices for prebaked anode by 100 yuan/mt for July

Jul 2, 2018 14:58

SMM Comments Reminder

Weiqiao lowers prebaked anode buying price for seven straight months amid oversupply

SMM Events & Webinars

All

May
15
- 2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP
  May 15 - 25,2025
  Argentina & Brazil
May
20
- 2025 SMM ASIA METALS SEMINAR
  May 20 - 20,2025
  Global Metals Market in Flux Geopolitics, Policies, Fundamentals
  Novotel Century, Hong Kong, China
May
22
- 2025 SMM 3rd Wire & Cable Conference & Expo
  May 22 - 23,2025
  Suzhou, Jiangsu, China

Construction starts on 5-billion-yuan energy storage project in Nantong

SMM Events & Webinars

2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP

2025 SMM ASIA METALS SEMINAR

2025 SMM 3rd Wire & Cable Conference & Expo