July 2 spot price of SMM lead

Under the agreement, China’s BYD Battery, a global leader in green vehicles, will transferring technical expertise and transfer battery technology for the project while Vietnam’s Kim Long Motor will in charge of financing and developing energy battery manufacturing plant. The project is intended to help Vietnamese companies progressively develop their own battery production capabilities. After completion, the BYD battery facility is projected to enable Kim Long Motor to raise its localization rate to more than 80% by Q2 2026.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 16 Mar , 2026

On 9 January, China’s Ministry of Finance and the State Taxation Administration released a new export tax rebate policy. From 1 April 2026, China’s export tax rebates of up to 13% for solar battery panels will be rolled back, while the rebate rate for battery products will be reduced from 9% to 6%. The complete phase-out of tax rebates for the above-listed products is scheduled for 1 January 2027. This policy aims to negate price distortions emerged in overseas battery markets, which have long affected the profit margins of domestic manufacturers.