Demand Gradually Weakened in March and the Cobalt Sulphate Market May Remain in Oversupply in April

[SMM Analysis] On March 12, 2026, the US International Trade Commission (ITC) ruled against imposing tariffs on graphite imports from China. Below is the complete timeline of the US anti-dumping and countervailing duty (AD/CVD) investigation into China’s active anode material (graphite anode) imports, the duty rates at each stage, and the latest outcome as of March 12, 2026.

Recently, the National Development and Reform Commission (NDRC) issued the Reply on the Approval of the Hami–Dunhuang Third 750 kV Transmission Line Project, formally approving the Xinjiang Hami–Dunhuang Third 750 kV Transmission Line Project. The implementation of this project was of great significance for improving the backbone structure of the main power grid in Northwest China, strengthening the mutual support capacity between the Gansu and Xinjiang power grids, and enhancing Xinjiang’s capacity to absorb new energy. According to previously disclosed environmental impact assessment information, the project had a total static investment of 1.3509 billion yuan and was scheduled for completion in March 2027.

On March 12, it was learned from State Grid Jilin Electric Power Co., Ltd. that the project to transmit power from the Songliao Clean Energy Base in Northeast China to North China (the “Jijing UHV DC Project”) officially entered the final stage of the feasibility study. According to the plan, the project is expected to complete project approval in 2026, enter the substantive construction phase in 2027, and be completed and put into operation in 2029.