Samsung SDI consider to build battery gigafactory in Poland

【China's domestic power battery installation volume in February is 18GWh, CATL holds over 55% market share】Recently, the China Automotive Power Battery Industry Innovation Alliance (hereinafter referred to as "Battery Alliance") released the power battery monthly data for February of this year. According to the data, in February, China's power battery installation volume declined both year-over-year and month-over-month. From a corporate perspective, CATL's market share exceeded 55%, with BYD's share close to 18%. Specifically, in February, China's power battery installation volume was 18GWh, a year-over-year decrease of 18.1% and a month-over-month decrease of 44.4%. This is in line with the downward trend in the production and sales of new energy vehicles for the month.

On March 12th, lithium carbonate futures surged 4.13% to 119,850 yuan/ton, and spot prices rose to an average of 110,000 yuan/ton, amid market optimism and supply-demand adjustments.

Cobalt and nickel price review and forecast

From January 1, 2024, to December 31, 2024, individual consumers who scrap or transfer (excluding change of registration) a non-commercial passenger car registered under their name in Shanghai, and purchase a new pure electric passenger car from an automobile sales institution registered with the Shanghai Market Supervision Administration, for non-commercial use, can apply for a one-time subsidy of 10,000 yuan for the purchase of the car.

Lithium Salt Price Review & Forecast

On February 28th, SVOLT Energy held a production commencement ceremony in Thailand, announcing that the SVOLT Thailand factory has officially begun production and the products have started to be delivered in bulk. New energy vehicle models under the brands Great Wall and Hozon will soon be launched in Thailand. This production launch signifies that the SVOLT Thailand factory has achieved the localization of battery supply in Thailand at a rapid pace, within just five months, further improving SVOLT's new energy industrial layout in the Asia-Pacific region.

In recent years, many cell makers have released 4C fast charging products for LFP batteries, which are used in the field of EV. This move will help quickly increase the market share of LFP batteries in the power sector, and also accelerate the penetration of EVs.

Phosphoric acid prices have been increased, leading to higher production costs for ferrous phosphate and wet-process phosphoric acid (PPA).

SMM expects more frequent liquidating transactions to appear in 2024, as the industry grapples with immediate financial pressures and companies push for more cost-efficient strategies.

In January, the average monthly price of 9990 magnesium ingots in the main producing areas was 20,190 yuan per ton, down 1.2% month-on-month. Looking back at January: At the beginning of the month, bearish sentiment still prevailed in the magnesium market, with prices continuing their downward trend from the previous year, falling to 20,100 yuan per ton, once again approaching the cost margin, leading to an increase in the willingness of magnesium plants to support prices; In mid-Jan, pre-spring-festival stockpiling makes the market price went a bit higher; Now, domestic 9990 magnesium ingots prices reduced to around 20100 again.