Shanghai: Pure electric vehicles will account for more than 50% of newly purchased vehicles by individuals by 2025

BTR Agreement with Moroccan Government

In the short term, there is an oversupply of lithium, leading to a decrease in the price of lithium carbonate and energy storage batteries. However, there is an expected increase in global new energy vehicle sales, which will drive up the demand for energy storage batteries. The global lithium carbonate production capacity is expected to exceed 2 million tons in 2024, leading to the risk of high-cost lithium production capacity being eliminated. In the short term, there may be a slowdown in downstream demand for lithium due to early reserve in power and energy storage industries, but with the recovery in demand, positive electrode material production is expected to increase. Additionally, events like early orders for positive electrode materials and the cancellation of futures contracts may impact the market in the short term, and market participants need to closely monitor these trends and take appropriate measures.

Kloeckner Metals UK has recently inaugurated its cutting-edge stockholding and processing facility at Newbridge Link in the Newbridge Industrial Estate in Edinburgh.

EKA, a prominent player in the electric mobility sector, has officially unveiled its highly anticipated 1.5-tonne electric Light Commercial Vehicles (LCVs) in collaboration with Mitsui Co., Ltd. from Japan and VDL Groep from the Netherlands as equity partners.

According to the Algerian ambassador to Malaysia, Abdelhafid Bounour, Lion Group plans to invest around US$ 6 billion (RM27.5 billion) in Algeria in alliance with Algeria's strategic vision of becoming the gateway to Africa and beyond.

On December 22, the Hebei Provincial People's Government held the "Hebei Province Deeply Promotes Environmental Protection Performance A-level Work Conference in Key Industries" in Shijiazhuang. Luo Tiejun, vice president of the China Iron and Steel Industry Association, was invited to attend the meeting and delivered a speech.

Cong Liang, deputy director of the National Development and Reform Commission, introduced at the State Council’s regular policy briefing today that as of the end of August, investment within the central budget had basically been issued.

Some smelters also purchase small amount of nickel ore from the Philippines at a price much higher than the benchmark price of domestic trade.

On August 17, the National Development and Reform Commission and other government departments issued the "Guiding Opinions on Promoting the Recycling of Decommissioned Wind Power and Photovoltaic Equipment", which mentioned that by 2025, the responsibility mechanism for the disposal of decommissioned equipment in centralized wind farms and photovoltaic power stations will be basically established.

Chongqing issued the Notice on Further Optimizing the Use of Housing Provident Funds on August 11.