May 18th SMM Cobalt Lithium New Energy spot Price: the average price of electrolytic cobalt rose 2500 yuan / ton

According to relevant reports, on March 26, the construction of phase II of Millison Modern Industrial Park, which mainly undertakes the production of super-large structural parts such as 5G communication body, new energy vehicle motor, power battery, electronic control system and body, was held in Dajiang Scientific Innovation City in Tianming District, Chongqing.

Since the middle of 2021, lithium salt prices have continued to soar. According to the transaction data two weeks ago, the mainstream transaction prices of battery-grade lithium carbonate reached around 500,000 yuan/mt, and that of battery-grade lithium hydroxide stood at 460,000-480,000 yuan/mt, which was 79% and 106.5% higher respectively than on January 1, 2022, and the price spread between the two narrowed further.

China’s copper cathode output stood at 825,900 mt in November, up 4.6% month on month and 0.5% year on year

Imports of cobalt intermediate products were 5,166 mt in metal content in October (calculated at 27% grade), down 30% MoM.

This is a roundup of China's metals output in August 2021, from an exclusive survey of key producers by SMM analysts.

As the downstream new energy market has remained hectic, producers have operated at full capacity. Quotes for R142b have risen from 20,000 yuan/mt at the beginning of the year to 70,000 yuan/mt.

Global demand for cobalt in 2019 is expected to increase 4%, at 137,200 mt, while supply will remain flat at 163,500 mt

This is a significant increase from 8% in 2018

A considerable amount of motive batteries will be scrapped in China by the year 2020.

Dynavolt Renewable Energy Technology Co. signed Trilateral Strategic Cooperation Agreement with Nanjing Golden Dragon Bus Co. and Wuhan Liwei New Energy to jointly developing the new energy market.