[overnight market] Metals rise and fall each other. Shanghai lead is up more than 2%. Worried about the epidemic, the oil price will rise during the period of low oil price.
[macro outlook] pay attention to China's trade account in December and the number of initial jobless claims in the United States
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The dollar index rose 0.32 per cent to 90.33 after briefly erasing gains after a strong 30-year Treasury bond issue, but investors adjusted their positions as the House of Representatives voted on the impeachment resolution. At the same time, Brainard said the current bond-buying plan was needed "for quite a long time".
In terms of US stocks, the Dow closed down 8.22 points, or 0.03%, at 31060.47; the Nasdaq rose 56.52 points, or 0.43%, to 13128.95; and the S & P 500 index rose 8.65 points, or 0.23%, to 3809.84.
In terms of crude oil, international crude oil futures closed lower on Wednesday, retreating from recent gains on fears that the intensification of the global novel coronavirus epidemic would dampen fuel demand.
In precious metals, COMEX gold futures rose slightly on Wednesday as data showed rising US consumer prices and expectations that more fiscal stimulus measures from the Biden administration could boost inflation.
Health Commission: since 2021, the global epidemic of COVID-19 has accelerated. Local sporadic cases and cluster epidemics have been reported in many places in China. the epidemic is characterized by long duration, wide range, fast transmission, older patients and high proportion in rural areas. community transmission and multi-generation transmission have appeared in some places, and the situation of prevention and control is complex and grim. In addition, the CDC said that during the Spring Festival, large mobility of people will increase the risk of spread of the epidemic; logistics will increase, and it is necessary to guard against the risk of imported cold chain food and other goods being contaminated by viruses at low temperatures. If the relevant measures are well implemented, we can ensure that there is no large-scale epidemic rebound during the Spring Festival.
Zhang Qingwei, secretary of the Heilongjiang Provincial CPC Committee: to enter a state of emergency, we should focus on external and internal non-proliferation, and make the province's efforts to curb the spread of local epidemics. We will increase the intensity of nucleic acid testing at different levels, quickly and accurately carry out the work of epidemic information, strictly implement various prevention and control measures, do a good job in prevention, control and inspection in key areas, and effectively control the risk of epidemic spread.
Central bank: on Wednesday, the reverse repurchase operation of 2 billion yuan for seven days was carried out, and 10 billion yuan of reverse repurchase expired on the same day.
Overnight shibor was 1.4010%, up 6.8bp. In seven days, shibor was at 1.9990%, up 1.40bp. Three-month shibor was 2.5900%, down 0.90 basis points.
After the quarterly adjustment in the United States in December, CPI grew by 0.4% month-on-month, up 1.4% from a year earlier, the seventh consecutive month of increase. In addition, food inflation has been significant over the past 12 months: the household food index has increased by 3.9%. The index of all six major grocery groups rose, with the largest increase in the meat, poultry, fish and egg index, up 4.6%, of which the beef index increased by 5.3%. The smallest gains were in cereals and baked goods, as well as fruits and vegetables, both of which rose 3.2 per cent in the past 12 months.
[Baltic dry bulk index rises to its highest level in 14 months] the Baltic dry bulk index rose 7 points, or 0.4%, to 1856 points on Wednesday, a three-month high. (the Baltic dry bulk index rose to a 14-month high.) the Baltic dry bulk index rose 7 points, or 0.4%, to 1856 points on Wednesday, a three-month high. The capesize index rose 8 points, or about 0.3%, to 3194, its highest level since October 12, with daily profits rising $68 to $26489. The Panamanian freight index remained flat at its highest level in four months, with daily profits falling by $1 to 14802 yuan. The index of super-convenient ships rose 12:00 to 1067, the highest level since the end of October 2019.
[us House of Representatives debates on Trump impeachment] according to the Capitol Hill News, the US House of Representatives began a debate on Trump's impeachment on the morning of the 13th local time, after which the House of Representatives will vote for a second time to confirm it. Earlier, US Vice President Pence sent a letter to House Speaker Pelosi on the 12th, refusing to invoke the 25th Amendment to the Constitution to remove President Trump from office. Earlier in the day, the House of Representatives released the final version of the impeachment bill to be put to the vote, in which the impeachment clause accused Trump of "sedition" and called for his "impeachment and trial, and his removal from office. Disqualify him from relevant honors, credits and paid positions".
[British Prime Minister Johnson: 24-hour novel coronavirus vaccination service will be realized as soon as possible] British Prime Minister John promised to achieve 24-hour novel coronavirus vaccination service as soon as possible in Parliament on the 13th. He said that Health Secretary Hancock will announce the detailed arrangements in due course. It is understood that at present, there are 233hospitals, 1000 family doctor clinics, 200pharmacies and 50 mass vaccination centres in the UK to provide vaccination to the public, but government officials say that the biggest problem is that the vaccine supply is unable to meet the needs.
According to market news, the probability of the Fed keeping interest rates in the 0% won 0.25% range in January is 100%, and the probability of raising interest rates by 25 basis points to 0.25% is 0%. The probability of keeping interest rates in the 0% won 0.25% range in March is 100%, and the probability of raising interest rates by 25 basis points is 0%.
[SMM copper tube operating rate] according to SMM survey data, the copper pipe operating rate in December was 82.06%, up 1.43% from the previous month, and 4.01% higher than the same period last year. The copper tube operating rate continued to rise in December, mainly affected by the growth of orders in the refrigeration industry. As a whole, the peak season of copper pipe production has arrived. "View details
[January 13 scrap Copper Daily Review: the increase in the supply of imported scrap copper brass rods is basically not restricted by raw materials] Today, the spot price of electrolytic copper in Shanghai quoted 80 to 120 yuan per ton for that month's contract, with an average price of 100 yuan per ton, down 15 yuan / ton from yesterday. The transaction price of Pingshui copper is 58760-58880 yuan / ton, and that of Shengshui copper is 58780-58900 yuan / ton. Today, the Shanghai copper morning market opened smoothly, moving down the midline after a narrow range of high around 58820 yuan / ton, passing through the daily average line to 58700 yuan / ton for a short period of rectification, and the center of gravity moved up again to above the daily average line at the end of the day, and the trend was basically stable around the daily moving average during the day. "View details
[SMM analysis: aluminum price now Synchronize weakens downstream purchase wait-and-see mood is strong] Today, Shanghai aluminum futures continued to open low, leading the non-ferrous metals market lower in intraday trading. Spot price Synchronize downward, today's SMMA00 quotation at 14880 14920 yuan / ton, the average price is down 150 yuan / ton from the previous month. Spot market traders mainly buy on demand, market sentiment in some areas has weakened, the overall wait-and-see atmosphere is strong. "View details
[SMM Analysis: analysis of galvanized sheet consumption from Automobile and Home Appliances Plate] with the growth of automobile and home appliance data in the fourth quarter of 2020, the price of hot rolled coil is steadily rising. Looking forward to 2021, with the promotion of new energy vehicles to the countryside, the automobile sector will continue to drive the consumption of new energy vehicles, and the output of galvanized coil is expected to be boosted by this. Due to the influence of the "three red lines" policy, in order to achieve the return of funds, the construction of housing enterprises accelerated, and the monthly growth rate began to be completed in October this year. And next year, the real estate sector is still in the completion cycle, it is expected that the completed area will achieve positive growth, driving the growth of domestic home appliance demand, galvanized coil orders are also stored upside space. "View details
[SMM in-depth analysis: how does the window open Back structure arbitrage opportunities for Russian nickel] after entering 2021, although the price of nickel in Shanghai has gone up and down, the daily rise and fall has led the base metal many times. The trend of nickel futures is not only concerned by traders, its spot market is also bustling, in which Russian nickel is a difficult situation. And it is precisely because of the strong spot price, the Shanghai nickel contract has re-emerged the BACK structure. "View details
[risk hint: Shanghai nickel, stainless steel sharp rise and fall period, spot transactions how to do a good job of risk control? SMM believes that the market has gradually verified that the fundamentals of stainless steel have been significantly improved, and the supply contraction is limited, while the downstream consumption is better than expected in the same period in previous years, so the demand support for nickel is relatively ideal; the fundamental performance of nickel itself is stable, and the comprehensive performance of the domestic electrolytic nickel market is better than that of nickel pig iron, and the price of high nickel pig iron also shows signs of slight improvement with the increase in the price of stainless steel. In addition, the procurement cycle of the new energy industry is ahead of schedule, resulting in a good performance of nickel sulfate consumption and a shortage of raw materials. "View details
[development of electric vehicles boosts future demand battery-grade manganese sulfate prices continue to rise supply is tight and enterprises plan to expand production] according to SMM, the domestic battery-grade manganese sulfate supply market is tight from the end of 2020 to the beginning of 2021, and there is a trend of continuous growth in demand procurement, so some raw material manufacturers have an upward negotiation range for order prices after the new year. At the same time, with the increase in supply, some manganese sulfate plants have indicated that they will appropriately expand production this year to balance market supply and demand. "View details
[SMM research: holiday arrangements for tin downstream enterprises] according to SMM research, considering the logistics outage time this year and the uncertainty of the epidemic situation, many enterprises are considering allowing their employees to return home with off-peak. Most of the tin downstream industries plan to start their holidays at the end of January and early February, and some large enterprises will have a holiday in accordance with the national holiday regulations. Among them, enterprises in provinces and cities near Shijiazhuang will have an earlier holiday affected by the epidemic and traffic control; other small businesses with poor orders will also have their holidays earlier. "View details
[rare earth plate strength and resources and other trading spot prices continue to rise] in early trading on January 13, the rare earth plate continued to strengthen for the second day, Shenghe Resources and Sichuan Energy Power rose by the daily limit, Sinosteel Tianyuan once rose by the daily limit, and the northern rare earths and Zhenghai magnets were among the top gainers. Spot prices of rare earths have generally continued to rise today, and the spot prices of rare earths reported by SMM have generally risen again, with the average price of neodymium oxide rising 15000 yuan / ton from yesterday, 11.28% higher than the adjusted low on December 17, and praseodymium neodymium oxide up 8.68% from December 18. "View details
[polysilicon Weekly Review-"Silicon material without spare" support price continues to rise] this week, the domestic single crystal re-feeding price range is 8.5-91000 yuan / ton, and the average transaction price is 87800 yuan / ton, up 0.23% from the previous week; the price range of single crystal compact material is 8.3-87000 yuan / ton, and the average transaction price is 85100 yuan / ton, up 0.12% from the previous week. "View details
[SMM Daily Review: Silicon Export Enquiry order slightly increased] Today, some of the weak silicon prices showed that the oxygen-free silicon in Huangpu Port was around 12100 yuan / ton, and that of 44 silicon was around 13500 yuan / ton. Recently, foreign trade enquiries have slightly increased. Due to the approaching Spring Festival holiday, some foreign businessmen want to reserve raw materials to spend the long holiday in China. For domestic exporters, quotations are not as active as before due to poor exchange rates, rising domestic logistics costs and tight shipping space, and most of the quotations are spot prices when the original inventory is digested, considering that the exchange rate changes are not much different from the high US dollar quotations of domestic silicon prices in December. "View details
[aluminum bar spot daily review: today's processing fees remain stable and the overall market trading is light] Today, processing fees in the mainstream domestic aluminum bar market have stabilized and have not changed much. Although the weakness of aluminum prices has led to a lot of decline in the absolute price of aluminum bars, it has not yet reached the psychological price level of downstream consignees, and it is still dominated by rigid demand, so holders in East and South China in the mainstream market have not raised their processing fees and maintained a stable quotation. The recent decline in aluminum prices, the majority of downstream bears, the delivery of goods is mediocre, if aluminum prices continue to weaken, it is expected that late processing fees are more likely to rebound.
[SMM hot volume spot market review: volume width fluctuations, spot transactions remain weak] the current volume wide range fluctuations, the overall stability of early market quotations, the market inquiry atmosphere is insipid, merchants are willing to ship and reduce warehouses, the transaction of low-cost resources has improved to a certain extent, and merchants' shipments are OK during the period of volume rebound. The overall transaction is mediocre throughout the day. "View details
[high-carbon ferrochromium] on January 13, the national quotation for high-carbon ferrochromium continued to heat up today, with many manufacturers offering more than 7400 yuan / 50 base tons. in addition to the rigid demand to pick up goods to accept small quantities and high prices, the market is mostly in a wait-and-see state for extremely high ferrochromium increases. The strict "double control" guidance of the flag before 12 days ago once again had an impact on the output of high-carbon ferrochromium in January, while the price quoted by the consignors increasingly has a certain mentality of "watching the hustle and bustle without being too big." Some people say that the excessive increase in ferrochromium will cause steel mills to consider the use of scrap stainless steel to cope with the rapid increase in costs.
[SMM data: the operating rate of metal silicon reaches the annual peak in December. The impact of production reduction in the southwest dry season is not obvious] SMM survey: in December 2020, the operating rate of the metal silicon industry was 55.0%, an increase of 4.8% from the previous month, and an increase of 16.1% over the same period last year. The increase of producing areas represented by Xinjiang, such as Fujian, Guangxi, Shaanxi and Hunan, not only makes up for the reduction of supply in the southwest during the dry season, but also drives the national operating rate to the peak in 2020. "View details
[SMM Silver spot Trading Daily: silver prices rebounded slightly and the shipping force is positive] Today, the spot price of silver in the Shanghai stock market rebounded slightly, and the supply price rose little in response to the rising water of the Shanghai Gold Exchange deferred contract. Some national standard spot transaction prices corresponded to the 0-1 yuan / kg increase in the Shanghai Gold Exchange deferred contract. Some of the spot transaction prices of warehouse receipts correspond to the price increase of 4-5 yuan / kg for the Tender deferred contract of the Shanghai Gold Exchange. The market holder shipments are still strong. "View details
Important news of metals and industry
[Mongolia is considering ending the expansion of Oyu Tolgoi Copper and Gold Mine, the world's largest copper and gold mine] (Turquoise Hill Resources), a turquoise mountain resource controlled by Rio Tinto, said the Mongolian government was considering ending the underground expansion of the Oyu Tolgoi copper project. Mainly because the Mongolian authorities are concerned about the jump in the cost of expansion, the cost was recently updated to $6.75 billion, $1.5 billion higher than the initial estimate. In 2019, Rio Tinto announced that it had delayed the expansion of underground projects for 30 months due to poor geological conditions, resulting in cost overruns. "View details
[copper] the Escondida copper mine owned by BHP Billiton has laid off some miners in an effort to prevent the spread of the COVID-19 epidemic in the mine.
[Lara Exploration obtained exploration license for the Planalto copper project] it was recently reported that, Lara Exploration (TSXV:LRA) announced that it had signed an option agreement with Anglo American do Brasil subsidiary Minera ã oTariana to obtain an exploration license adjacent to its Planalto copper project in Brazil. Lara said in a press release that the license was being acquired by its subsidiary PlanaltoMinera ã o and would be part of an existing phased profit agreement with Capstone Mining. "View details
[end of strike at Kenlian Aluminium] (USW) of the United Steelworkers said its members had approved a five-year labor negotiation agreement to end the strike at the aluminum plant in Maser Shores, Alabama. Earlier, about 400 workers went on strike on December 15 last year. However, those involved in the strike have now resumed work on January 12, 2021. According to Kenlian Aluminium's website, the plant employs more than 1200 people and mainly produces aluminum sheets for packaging. "View details
[the production efficiency of Dongliang Aluminum's new plant is expected to increase by more than 30%] Zhao Shouming, chairman of Dongliang Aluminum, first made a work report to Director Pan. Zhao Dong said that in 2020, Dongliang Aluminum has experienced the test of the epidemic, the company's overall economic operation is stable and orderly, and all operating indicators have exceeded the level of previous years. With regard to the focus of work in 2021, Zhao Dong said that the first phase of the company's new plant project has been partially put into use. From March to May this year, the equipment in the old plant will be relocated as a whole, and the new equipment will also be installed and put into production. Zhao Dong hopes that after the new plant is officially put into production, the production efficiency can be increased by more than 30%, and the enterprise management can be improved, so that Dongliang aluminum industry can really reach a new level. "View details
[Jinchuan Group and the sixth Research Institute of China Aerospace Science and Technology Corporation reached a cooperation intention and signed an agreement on the annual production of 30kt/a new energy electronic material copper foil project] recently, Jinchuan Group and the sixth Research Institute of China Aerospace Science and Technology Corporation reached a cooperation intention and signed an agreement on the annual production of 30kt/a new energy electronic material copper foil project. The signing of this agreement marks the industrial transformation of Jinchuan Group and the development of its products to high-tech fields.
[Mingguan New material] Mingguan New material: the company will promote cooperation with large lithium battery enterprises. At present, BYD is the company's solar cell backpanel customer, and ZTE Paineng is the company's aluminum and plastic film customer.
[Linfen Zhongbei New material's Lithium Manganese Phosphate Project signing ceremony] recently, Shanxi Zhongbei Science and Technology, Shenzhen Pengguan New material Science and Technology and Sichuan Baimin Guanda Industry jointly invested and set up Linfen Zhongbei New material's Lithium Manganese Phosphate Project signing ceremony. Shanxi Linfen (base) Zhongbei material 30,000t lithium ferromanganese phosphate cathode material project is located in the first phase of Yaodu High-tech Zone, with an investment of 450 million yuan, covering a total area of 60, 000 square meters, and is expected to be debugged in July 2021. The project adopts EPCC integrated intelligent manufacturing, and a digital intelligent factory for lithium materials has been built in an all-round way. "View details
[Mongolia's largest Chinese-funded polymetallic lead-zinc mine has reached the production standard] the largest Chinese-funded polymetallic lead-zinc mine in Mongolia has fully reached the production standard-- the Wulan Mine of China Railway Resources Xinxin Company is located in Mongolia's Oriental Province. It is the only and most metal lead-zinc mine in the country through underground mining. The design scale of mining and separation production is 3000 tons / day, and the international non-cyanide and environment-friendly flotation process is used to produce lead-zinc concentrate.
[BHP Billiton invests in start-ups to reduce pollution in steel production] it is reported that Australian mining company BHP Billiton has invested in American start-up Boston Metal Company to develop less polluting steel production methods. Boston Metals, led by CEO TadeuCarneiro, is developing a technology to reduce emissions by using electricity instead of coking coal in the steelmaking process. The $50 million financing was led by Piva capital,BHP Ventures and Devonshire Investors. BHP has already spent $400m on research to find ways to reduce emissions from the steel industry.
[successful thermal test of the second stainless steel billet continuous caster in Delong Nickel, Indonesia] on January 8, 2021, as five red billets slowly flowed out of the continuous caster, it marked the success of the heat load test of the second five-machine and five-strand billet continuous caster in the second phase of stainless steel integrated smelting project (OSS Company) in Indonesia Delong Industrial Park. This is another important progress made in the construction of the second phase of the project after the successful commissioning of the first five-machine and five-strand billet continuous caster in June 2020. "View details
[annual Review and Prospect of magnesium City: the rise of raw materials promotes the bottom rebound of magnesium prices] in 2020, due to the impact of the global epidemic, magnesium prices fell sharply compared with 2019, exports dropped sharply, domestic demand was relatively stable, and the market as a whole weakened. Magnesium prices rose at the end of 2020 due to the rise in raw material prices. It is expected that magnesium price performance will return to stable operation situation in 2021, with annual price fluctuation range of 14000-16000 yuan / ton and FOB Tianjin Port price fluctuation range of 1950-2550 US dollars / ton. "View details
[Ministry of Commerce: coal prices rose slightly last week] according to the Ministry of Commerce, the national market price of edible agricultural products rose 1.9% last week (January 4-10) compared with the previous week, and the market price of means of production rose 0.5%.
[silver] the world's largest silver ETF--iShares Silver Trust position decreased by 43.36t compared with the previous day, and the current position is 17303.48 t.
[styrene Futures] Big Trading Office: since January 15, 2021 (that is, the night trading session on January 14), the intra-day trading fee standard of styrene futures 2102 contract has been adjusted to 6 yuan / hand. the standard of non-intra-day trading fee remains unchanged.
[First Cobalt has reached a long-term cobalt hydroxide raw material supply agreement with Glencore and China Molybdenum subsidiary] First Cobalt has reached a long-term cobalt hydroxide raw material supply agreement with Glencore and IXM, and Glencore and IXM will supply a total of 4500 tons of cobalt to the first Cobalt Refinery each year from 2022. The supply agreement accounts for 90% of the Canadian refinery's 5000 tons / year capacity and will produce 22250 tons / year of battery-grade cobalt sulfate. "View details
[praseodymium-neodymium thin hair breaks through the bottleneck and terbium is still in the relay] the week of January 4-8, the rare earth market as a whole ushered in the first red of the New year, with various mainstream products rising in different ranges. The light rare earth praseodymium and neodymium suppressed the thin hair for a long time and rose again, and the heavy rare earth terbium high relay reached a record high. Last week, the market bullish mentality rarely unified, the purchase took the initiative to buy up to follow up, the overall trading heat of the market is heating up rapidly. "View details
[iron and Steel] according to Ningbo Baoxin News, the production line of Ningbo Baoxin Automotive Steel Project has successfully produced the first volume of qualified futures products, with excellent performance and surface quality parameters. Ningbo Baoxin automotive steel project with an annual output of 30,000 tons includes a 20-high rolling mill, a bright annealing unit, a cleaning unit, a drawing and straightening unit, a longitudinal cutting unit, an automatic packing line for finished products, two roll grinders, two AGV and a three-dimensional warehouse for finished products, etc.
[automobile] in December 2020, the production and sales of new energy vehicles in China completed 235000 and 248000 respectively, an increase of 17.3% and 22% month-on-month, and an increase of 55.7% and 49.5% over the same period last year. In 2020, the production and sales of new energy vehicles in China reached 1.366 million and 1.367 million respectively, a cumulative increase of 7.5% and 10.9% over the same period last year. The market of new energy vehicles picked up rapidly in the second half of the year, and five batches of activities of "new energy vehicles going to the countryside" played a good role in promoting it. In addition, new models launched by Tesla, BYD, SAIC GM Wuling, and New Power of car making have been widely praised by the market, driving private consumer demand to soar.
[Midea Jingzhou Base invests 2 billion to build a washing machine industrial park with a production capacity of 15 million units] Midea announced that he would expand his investment in Wuhan and Jingzhou. Jingzhou Mei's new washing machine industrial park is located at the confluence of Fuxing Avenue and Shanghai Avenue (south of Fuxing Avenue and west of Shanghai Avenue). The first phase of planning and construction covers an area of 630mu, with an annual production capacity of 15 million units, planning and construction of automatic intelligent washing machine production line, 3 production plants, 1 product R & D center, park roads and related supporting facilities. Construction is scheduled to begin in January 2021. Midea's new washing machine production line in Jingzhou is the most advanced automatic intelligent washing machine at present.
[China Automobile Association: the year-on-year growth rate of sales narrowed to less than 2 per cent in 2020] in 2020, car sales continued to grow since April, reaching 25.311 million vehicles for the whole year, narrowing to less than 2 per cent year-on-year growth and continuing to rank first in the world. The monthly sales of new energy vehicles have continued to grow sharply since July compared with the same period last year, and the market sales for the whole year are better than expected. Car exports began to recover in September after the first eight months of slump, and the export volume set a new record for two consecutive months in November and December.
[China Automobile Association: total 12.2GWh growth of power battery sales in China in December was 56.9% compared with the same period last year] data from the China Automobile Association showed that in December, China's power battery sales totaled 12.2 GWH, an increase of 56.9% over the same period last year. Of these, sales of ternary batteries increased by 9.3% over the same period last year, accounting for 53.2% of the total sales; lithium iron phosphate battery sales of 5.6 GWH, an increase of 244.2% over the same period last year, accounting for 45.8% of the total sales.
[China Automobile Association: the shortage of chip supply will affect the operation stability of China's automobile industry] the China Automobile Association said that the new energy vehicle market will shift from policy-driven to market-driven in 2021, and is expected to usher in sustained and rapid growth in the future. However, it should also be noted that the recent shortage of chip supply will also have a certain impact on global automobile production in the coming period of time, and then affect the stability of China's automobile industry.
[state Power Investment, three Gorges, Sunshine Power, etc.] in recent years, with the accelerated transformation of China's energy structure to green, low-carbon, and sustainable, hydrogen energy development has also ushered in a spring, which has not only attracted the accelerated layout of central enterprises such as State Power Investment, three Gorges New Energy, Beijing Power, but also attracted the favor of private enterprises such as Sunshine Power, Kaihaoda, and so on. According to statistics, since 2020, including national power investment, national energy, Jingneng Electric Power and other enterprises have signed nine contracts involving hydrogen energy projects. the development sites cover Heilongjiang, Shandong, Inner Mongolia, Hunan, Shanxi, Guangzhou, Xinjiang, Shaanxi, Hebei and other provinces, with a total planned investment of more than 46.6 billion yuan.
[Panasonic plans to develop electric car batteries that do not use cobalt] Panasonic announced on Tuesday at the 2021 consumer electronics show (CES) that it is committed to developing lithium-ion batteries that do not use cobalt. Cobalt is a rare metal with a high price, so it has become an obstacle to reducing the cost of electric vehicle batteries. Panasonic plans to reduce the current cobalt usage ratio of less than 5% to zero within a few years.