①The first-quarter reports of the "two lithium giants" were released, with Tianqi Lithium turning losses into profits and Ganfeng Lithium narrowing its losses. ②Despite some signs of recovery on the demand side, the mismatch between the previous capacity expansion and demand in the lithium carbonate industry has not yet ended. Based on comprehensive estimates by industry institutions, the lithium carbonate market will continue to face a fundamental pattern of supply surplus in 2025.

Recently, Tesla released its financial results for the first quarter of 2025.

It’s official, DRC-Africa Battery Metals Forum is moving to Kolwezi and is taking place from 29-30 September 2025.

【SMM Cobalt and Lithium Morning Meeting Summary: This week, the coefficients of black mass for ternary and LCO were basically stable. Taking ternary black mass as an example: Currently, the coefficient of black mass from ternary pole pieces is 75-78%, and the coefficient of black mass from ternary batteries is 72-75%. On the supply side, the psychological selling prices of grinding mills and traders have decreased with the decline in salt prices. However, some grinding mills still choose to hold back from selling as their current profits from the grinding process remain below the surplus line, opting to wait for market conditions to improve. Market transactions were sluggish compared to March on a MoM basis.