2 Billion Yuan Power and Energy Storage Battery Production Base Project Settled in Nanzhang, Hubei

Upholding the mission of "Continuous Innovation Driving the Accelerated Transition to Green Energy," GEO will showcase its cutting-edge solutions at the Battery Show, contributing to the high-quality development of the global new energy industry.

Sunwoda: This Year, The Production Capacity of LFP Power Batteries Is Expected to Account for More Than 50%.

On May 8, lithium carbonate futures dropped 1.62% to 112,050 yuan/ton (~15,519.39 USD/ton). The battery-grade index stood at 111,609 yuan/ton (~15,458.31 USD/ton).

Progress of Rongbai's overseas Lithium iron manganese phosphate: The construction of the 20,000 mt LMFP in the second phase of the Korean base is being accelerated.

Chile’s mining output increased 7.7% year-on-year in February, with copper and lithium contributing

On March 13th, lithium carbonate futures rose by 0.38% to 118,800 yuan/ton, with spot prices reaching 111,000 yuan/ton, signaling a market in cautious optimism.

On March 8th, lithium carbonate futures fell by 0.70% to 113,350 yuan/ton, while spot prices slightly increased to an average of 108,900 yuan/ton, amid ongoing market adjustments.

【SMM Cobalt-Lithium Morning Meeting Summary: Lithium Carbonate Prices Rose Overall on Monday. On the supply side, some lithium salt companies were still in the early stages of resuming production after maintenance, resulting in relatively limited supplies available for spot sales beyond long-term contract orders. Some lithium salt companies have intentions for subsequent deliveries, but overall, lithium salt companies continue to sell long-term contract orders while pricing spot orders firmly. Their spot prices continue to rise. However, downstream companies like cathode material producers have given feedback that due to the recent continuous increase in lithium carbonate prices, while the pricing transmission of their products lags behind the lithium carbonate price hikes, the current pricing transmission situation makes it difficult to fully pass on the increased raw material costs to downstream customers, gradually squeezing production profits...】

Beteray: Achieved revenue of 251.19 billion yuan and a net profit attributable to shareholders of 1.651 billion yuan in 2023

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