BMW ordered €10 billion worth of battery cells from CATL, Samsung SDI

Lithium battery stock market rose over 2.8% this morning. At the same time, the performance of lithium battery stocks is also particularly eye-popping. EVE Energy hit a record high of 134.05 yuan/share, up over 18% intraday.

Founded in March 2014, Qinghai HXR Lithium Tech is an enterprise engaged in the comprehensive utilisation of salt lake resources and technology R&D, with a registered capital of 65.193 million yuan. The company operates a major lithium carbonate project with annual output of 20,000 mt, which established in July 2015 and commissioned production in November 2017. The main products include industrial-grade lithium carbonate, lithium phosphate and magnesium hydroxide.

The COVID-19 outbreak has led to a precipitous decline in factory operating rates, with operating rates of pharmaceutical intermediate and active pharmaceutical ingredient (API) companies only at around 30%. India is also known as the "World's Pharmaceutical Factory" and produces nearly 20% of the world's generic drugs.

China’s annual electric bicycle sales have exceeded 30 million units in the past few years, with social e-bike ownership rising close to 300 million units, and output of bikes over 1,000 yuan continues to increase, according to China Bicycle Association.

Tshipi offered South African semi-carbonate manganese ore with 36% Mn, for September delivery to China, at $3.8/mtu, SMM learned.

Prices of cobalt products are expected to continue to moderate in the near term with the arrival of seaborne cobalt raw materials and the continued weak demand for cobalt sulphate.

Here are offers of some Australian manganese ore products, for July delivery to China, by Consolidated Minerals Limited (CML). The company was acquired by Chinese company Tianyuan Manganese, the world’s largest manganese producer, in late 2016. 

Tshipi’s South African semi-carbonate ore with 36% Mn, for July delivery to China, was offered at $4.95/mtu, down $1.05/mtu month on month.

Premiums of spot copper cathode held at high levels on the morning of Monday June 29, following a rally in futures prices as domestic inventories accelerated declines. Cautious consumers hesitated about stockpiling significantly at month-end. 

The first stage of the project, designed with a capacity of 1GWh, will commence construction before Dec 31