SMM7 29 / 29 spot price of cobalt lithium new energy: most varieties are the same as the previous trading day

HS Hyosung Energy Solution Korea announced on September 14 that it will sign an MOU to build a new silicon anode materials production plant. Under the agreement, the company will invest a total of KRW 1.2 trillion in the Ulsan-Mipo National Industrial Complex. The project will be carried out in three phases, with the goal of establishing a mass production system for silicon anode materials by 2030. In the first phase, HS Hyosung Energy Solution Korea will invest KRW 300 billion to build MPK-1, a silicon anode materials plant with annual production capacity of 5,000 mt. Construction is scheduled to be completed by the first quarter of 2028.

Since the beginning of this year, a new round of reshuffling in the lithium battery industry chain has continued to deepen. In August this year, the bankruptcy reorganization cases of lithium battery company Soundon New Energy Technology Co., Ltd. (hereinafter referred to as Soundon New Energy) and Sichuan Mulun New Material Technology Co., Ltd. (hereinafter referred to as Mulun New Material) saw new progress. On August 14, the Xiangtan Intermediate People's Court ruled to terminate the reorganization procedure of Soundon New Energy and declared it bankrupt. With this, the reorganization of Soundon New Energy, which had lasted two years and two months, was declared a failure.

The Democratic Republic of the Congo's cobalt exports are gradually recovering, according to the country's mining report for the first half of 2026. The concentrated release of material should ease China's cobalt feedstock shortage and shift bargaining power toward buyers. With cobalt salt demand weak and smelter margins under pressure, additional arrivals will make it harder for sellers to hold firm, and price concessions will be needed to unlock transactions.