With the rapid development of the new energy industry, to help enterprises better control price fluctuations in the black mass market and more sensitively reflect market price changes, while further reducing transaction costs for upstream and downstream segments of the lithium battery recycling industry chain when using black mass prices, SMM has launched the lithium battery black mass index price. The SMM lithium battery black mass index price is based on the actual transactions and indicative quotes for the black mass payables and prices per % lithium on the day from enterprises in the lithium battery recycling industry chain (upstream crushing enterprises, downstream hydrometallurgical enterprises, integrated enterprises, and traders). It is calculated through a model that assigns different weights to each price submitter, serving as an indicative price reference for lithium battery recycling black mass settlements. It reflects the most representative lithium battery recycling payables and prices per % lithium on the day the index is published.

On November 4, the Li-ion Battery Europe 2025, organized by SMM and supported by ACCIÓ-Catalonia Trade & Investment (Government of Catalonia), wrapped up at the Hilton Barcelona, Spain!

On November 14, 2025, according to public information from Longyuan Linwu, Hunan Jiusen New Energy Co., Ltd. successfully trial-produced a 320-370 Wh/kg solid-liquid battery (semi-solid-state battery).

Shanghai Metals Market (SMM) today announced the official launch and operational commencement of its Korea Office. This strategic expansion reinforces SMM's commitment to the Northeast Asian market and underscores its focus on delivering localized services to clients in the region’s metals and new energy sectors.

On November 3, the Li-ion Battery Europe 2025, organized by SMM and supported by ACCIÓ-Catalonia Trade & Investment (Government of Catalonia), was grandly held at the Hilton Barcelona, Spain!

From a comprehensive supply-demand fundamental perspective, the current petroleum coke market is in a situation of increasing supply and tightening demand, coupled with downstream enterprises adopting a more cautious purchasing approach. SMM expects the price divergence of petroleum coke to persist in the short term. Among them, mainstream refineries are likely to maintain stable quotations, while local refineries may exhibit a generally stable with slight fall trend.

November 14 news: North China ports: South African high-iron ore at 29.6–30.1 yuan/mtu, up 0.34% WoW; South African semi‑carbonate ore at 34.1–34.6 yuan/mtu, flat WoW; Gabonese ore at 39.7–40.5 yuan/mtu, up 0.25% WoW; Australian lumps at 39.9–40.6 yuan/mtu, up 0.25% WoW from last Tuesday; South African medium‑iron ore at 35.4–35.9 yuan/mtu, up 0.28% WoW. South China ports: South African high‑iron ore at 30.8–31.3 yuan/mtu, up 0.32% WoW; South African semi‑carbonate ore at 36.9–37.6 yuan/mtu, flat WoW; Gabonese ore at 40.5–41.2 yuan/mtu, up 0.25% WoW; Australian lumps at 40.2–40.9 yuan/mtu, up 0.25% WoW; South African medium‑iron ore at 37.3–37.8 yuan/mtu, up 1.35% WoW. Overall, due to high cargo ownership concentration and elevated future costs, manganese ore prices at ports are holding firm, and the market is expected to remain strong in the short term.

On November 6, 2025, the assessment report of the mining rights transfer income for the undeveloped lithium ore resources in the Zhankouli-Fengxin County Jianxiawo mining area in Yifeng County, Jiangxi Province, was published on the official website of the Jiangxi Provincial Department of Natural Resources.

Located approximately 100 kilometers northwest of Menzies, the Mt Ida Critical Minerals Project is emerging as a pivotal development in Western Australia's mining sector. This integrated operation employs an innovative model, combining the extraction of three critical minerals – lithium, rubidium, and tantalum – within a unified development framework, significantly enhancing operational efficiency and economic returns while strongly supporting lithium industry innovation within Australia's critical minerals sector.