[SMM analysis] normal production of new energy materials in and around Yibin M6.0 earthquake

Published: Jun 18, 2019 11:58 (GMT+8)

SMM, June 18 / PRNewswire-Asianet /-

According to the China Seismological Network, an earthquake of magnitude 6.0 occurred in Changning County, Yibin City, Sichuan Province at 22:55 on June 17 (28.34N, 104.90 E) with a focal depth of 16km. The epicenter of the earthquake was located in Shuanghe Town, Changning County, 38 kilometers away from Yibin City and 22 kilometers away from Changning County seat. Since the end of last year, this is the third time that an earthquake of magnitude 5 or above has occurred in Yibin.

The earthquake mainly affected Yibin and surrounding cities, Meishan City, north of the epicenter, Chengdu; southwest of the epicenter, Panzhihua City, part of the distribution of cobalt sulfate, ternary precursors and ternary material manufacturers, according to SMM, the producers in this area are far from the source, and most of them are new factories, strong seismic capacity, and have not suffered economic losses.

According to the communication and understanding between SMM and Sichuan lithium salt production enterprises, so far, the production work of various lithium salt manufacturers, including Tianqi Lithium Industry, Yahua Group, Sichuan Nengsheng, Zhiyuan Lithium Industry, etc., has not been affected.

Affected by the weak production and marketing of new energy vehicles, the news of production reduction in battery plants is frequently spread, and it is expected that the demand will be lower upstream in the next quarter, and the price of cobalt and lithium will be under pressure. On June 18, 2019, SMM estimated that cobalt sulfate in China was 4-42000 yuan / ton and battery-grade lithium carbonate 7.4-76000 yuan / ton.

SMM Cobalt Lithium Research team

Hu Yan 021 51666809

Hong Lu 021 51666814

Ning Ziwei 021 51666780

Qin Jingjing 021 51666828

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Third-Gen Ray-Ban Meta Smart Glasses Enter India Market, Camera-Free Audio Model Teased
18 hours ago
Third-Gen Ray-Ban Meta Smart Glasses Enter India Market, Camera-Free Audio Model Teased
Read More
Third-Gen Ray-Ban Meta Smart Glasses Enter India Market, Camera-Free Audio Model Teased
Third-Gen Ray-Ban Meta Smart Glasses Enter India Market, Camera-Free Audio Model Teased
【Third-Gen Ray-Ban Meta Smart Glasses Launch in India, Audio Model Teased for Market Entry】Meta announced that the third-generation Ray-Ban Meta smart glasses are now on sale in India, starting at INR 44,300, available through its official website, Ray-Ban India's official site, and local consumer electronics and eyewear retailers. The model offers up to 9 hours of battery life per charge — one hour more than its predecessor — along with a 12-megapixel camera supporting 3K ultra-HD video recording and a six-microphone array capable of eliminating over 90% of background noise, with 27 frame and lens combinations available. Meta also teased the upcoming India launch of the camera-free Ray-Ban Meta Audio, which weighs 43g and offers up to 12 hours of battery life per charge with an additional 48 hours via the charging case; pricing and launch date for India were not disclosed.
18 hours ago
DRC to Launch Annual Audits on Subcontracting and Local Content Compliance at Major Miners
18 hours ago
DRC to Launch Annual Audits on Subcontracting and Local Content Compliance at Major Miners
Read More
DRC to Launch Annual Audits on Subcontracting and Local Content Compliance at Major Miners
DRC to Launch Annual Audits on Subcontracting and Local Content Compliance at Major Miners
【DRC to Launch Annual Audits on Subcontracting and Local Content Compliance at Major Mining Companies】The DRC's Sous-traitance Privée regulatory authority stated that annual audits of subcontracting practices and local content compliance at large mining companies will commence from 2027. The country's new local content law takes effect on January 1, 2027, with sector-specific mining rules currently being drafted to include a mandatory three-year compliance program and penalty provisions. In 2025, 167 large enterprises declared subcontracting contracts totaling USD 3.7 billion, with 83% flowing to locally controlled companies, of which the mining sector alone accounted for USD 2.9 billion. The authority has already required certain copper-cobalt miners operating in the DRC to terminate non-compliant subcontracting arrangements, submit rectification plans, and expand procurement from local suppliers, with several Chinese and international major miners among those under scrutiny.
18 hours ago
【US Battery Recycler Obtains Commerce Department Export License to Sell Recycled Black Mass】
18 hours ago
【US Battery Recycler Obtains Commerce Department Export License to Sell Recycled Black Mass】
Read More
【US Battery Recycler Obtains Commerce Department Export License to Sell Recycled Black Mass】
【US Battery Recycler Obtains Commerce Department Export License to Sell Recycled Black Mass】
【US Battery Recycler Obtains Commerce Department Export License to Sell Recycled Black Mass】American Battery Technology Company announced it has received a Defense Priorities and Allocations System (DPAS) license from the US Department of Commerce's Bureau of Industry and Security, authorizing the sale of up to USD 100 million of recycled black mass containing lithium, nickel, cobalt, manganese, and graphite.
18 hours ago