EMR acquires Australian metal company Renewable Metals

[SMM Analysis] Recently, Zhuhai Hongjun SoleFiori (a subsidiary of China's Hongjun New Energy) announced a partnership with local Saudi counterparts to build a 6 GW HJT PV module factory.

[China exported 5,673 mt of lithium hydroxide in August, a notable month-on-month increase]

July lithium hydroxide output edged up sequentially, remaining broadly flat; August is expected to see a mild pullback.

Initial assays from the HCK joint venture project, announced on July 10, revealed a 6.9-meter lithium-rich intercept at 174.6 meters depth (drill hole MWOG0002), averaging 2.11% Li₂O with a high-grade 3.45-meter zone grading 3.20% Li₂O.

[SMM Data: LiPF6 Import and Export Data for June] In June 2024, China's cumulative export volume of LiPF6 was 1,627 mt, up approximately 32.5% MoM.

This document specifies the standards and management methods for SMM LFP (mid and high-end energy storage) spot price.

March 29th, SMM reports: This week, the prices of anode materials experienced weak performance. In terms of costs, the price of low-sulfur petroleum coke remained stable. With some refineries undergoing maintenance and a rebound in anode material procurement volumes, prices may be adjusted upwards in the future.

On March 26, the 1.5GWh sodium-ion battery production line project of Changde Cospower New Energy Technology company commenced construction in Changde City, Hunan Province.

On March 15th, lithium carbonate futures dipped by 0.65% to 115,050 yuan/ton, while spot prices remained stable at an average of 112,250 yuan/ton, amid cautious market sentiment.

Metals market: As of midday close, base metals in the domestic market rose almost across the board. Shanghai nickel rose 4.1%, and Shanghai aluminum rose slightly. Shanghai tin fell 1.17%. Shanghai copper, Shanghai zinc and Shanghai lead all rose within 0.3%. The main alumina futures rose 2.08%. The main industrial silicon contract rose 0.6%. The main lithium carbonate futures contract rose 2.72%. The black series is mostly red, and the iron ore rose 0.89%. Thread and hot coil rose slightly, and stainless steel rose 1.34%. In terms of double coke, coking coal fell 0.31% and coke fell 0.21%. In terms of external metals, as of 11:42, LME metals were mixed. London zinc and London nickel rose slightly, London aluminum rose 0.45%, London lead, London tin, and London copper all fell slightly, and the decline was within 0.3%. In terms of precious metals, as of 11:42, COMEX gold rose 0.19%, and COMEX silver fell 0.04%. In terms of domestic precious metals, as of noon close, Shanghai gold fell 0.02%, and Shanghai silver fell 0.42%. Gold prices are set to post weekly gains, supported by a weaker dollar and safe-haven buying this week. Conflict in the Middle East has also boosted gold's safe-haven appeal. In addition, as of noon closing, the main futures of European line container shipping were reported at 2048 points, up 0.5%