Report: Tianneng Group, Anyang Minshan to launch 200,000 mt battery recycling project

This is a roundup of China's metals weekly inventory as of July 2.

Under the impact of COVID-19, new policies and the decline of subsidies, SMM has recently conducted a visit to the upstream and downstream producers across the Cobalt-Lithium industry chain from September 8 to 11, checking on the production situation of lithium battery raw material plants.

Orders for lithium cobalt oxide (LCO) batteries are unlikely to pick up month on month in June as the May-June period is a slack season for consumer batteries. This will not add to demand for battery raw materials such as cobalt chloride and cobalt (II, III) oxide in the coming month. 

China's installed capacity of batteries to power electric vehicles climbed 29.5% from a month ago to 3.6GWh in April, following a surge of 363.2% in the month of March, showed data from the China Automobile Power Battery Industry Innovation Alliance, suggesting the country’s EV sector continues to recover from the fallout caused by the coronavirus pandemic. 

Demand for Chinese lithium cobalt oxide (LCO), a type of cathode material used to produce lithium batteries, could fall 40% in May, SMM estimates. This is against the backdrop of the coronavirus crisis overseas, which has led to steep declines in China’s export orders and prompted domestic smartphone makers to mull output cut.

With investment of 68 billion yuan, the battery base started construction in Hangzhou on Mar 25

The Chinese PV manufacturer started construction of its 3.8GW crystalline silicon battery project at Chengdu base on Mar 23

This is in a bid to promote the effective utilisation and environmentally-friendly treatment of motive batteries

Top 5 producers: BAK Battery, Lishen Battery, Guoxuan High-Tech, Zhuhai Yinlong and Far East First New Energy

Rates lost 3 percentage points from the previous week and averaged 52.6% in the week through Jan 25