China’s Ministry Of Commerce Says It Will Roll Out More Measures To Support The Development Of The Automotive Aftermarket

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.

On February 9th, the Ministry of New and Renewable Energy (MNRE) of India released a office memorandum stating that from April 1st, 2024, the Approved List of Models and Manufacturers (ALMM) for solar PV modules will be implemented once again.

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.

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.

Since 2022, the global energy storage market has experienced a massive outbreak, with new entrants continuously joining the race.

 The Securities Times stated that the stamp duty on securities transactions will be halved, and the standards for special additional deductions for three individual income tax items will be increased, and the purchase of domestic equipment by R&D institutions will eligible for full refund of value-added tax.

On September 5, the Nanjing Bureau of Planning and Natural Resources issued a notice on further optimizing land market service management.