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.

With the advancement of the NEV industry, battery technologies has become the highlight in the New Energy Cobalt-Lithium industry, especially the solid-state battery considering its outstanding performance in energy density and safety. 

On November 2, the highly-anticipated Development Plan for the New Energy Vehicle Industry (2021-2035) was unveiled, which was not only a good news for the new energy vehicle (NEV) industry, but also a boost to cobalt demand.

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. 

Prices of ternary materials and precursors in China will see further downside risk before May as inventories continued to pile up, driven by slowed or delayed purchases by downstream producers of power batteries amid falling orders. 

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

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

In Nov, imports of refined lead stood at 27,221 mt in Pb content and imports of lead concentrates came in at 121,132 dmt