【SMM Analysis】Grenergy and BYD have expanded their supply agreement in Chile to support the world's largest BESS project, Oasis de Atacama. The agreement now encompasses the third phase of the project, with a total capacity reaching 3 GWh, which is also BYD's largest contract to date.

This week (2024.09.09-2024.09.13), the spot price of lithium carbonate turned from a decline to a rise. The SMM battery-grade lithium carbonate index price increased from 72,107 yuan/mt to 73,723 yuan/mt, an increase of 1,616 yuan/mt. Under the current situation of stable supply and growing demand, the spot price of lithium carbonate is expected to rise. However, considering the cumulative domestic inventory of lithium carbonate, the oversupply situation is unlikely to change in the short term, which will pose some obstacles to the current price rise of lithium carbonate.

Pilbara Minerals, the world's largest lithium producer, is making its first investment in Brazil. On Wednesday (9.11), the Australian mining company announced a $400 million investment (R$2.2 billion) in its Belo Lithium operation to develop its lithium extraction project in Salinas, located in the Jequitinhonha Valley, Minas Gerais. The commodity is considered strategic for the energy transition.

【SMM Analysis： Refined Cobalt Prices Continued to Decline in August, Spot Prices Unlikely to Improve in September Due to Surplus Pressure】 The average domestic spot price of refined cobalt in August 2024 was 186,000 yuan/mt, down 10% MoM and 30% YoY.

This week, the price of ternary cathode precursor decreased, and ...

According to the data, lithium hydroxide inventory in August increased 7% MoM. Regarding specific details, in August, orders for ternary cathode materials from downstream battery cell manufacturers continued to increase, but the growth rate showed a marginal decline compared to July.

As the latest article from UBS ignites the lithium market, there are plenty of oversea lithium investers and market participant curious to learn about what had happened to the Chinese market and CATL’s current production status of lithium carbonate. As lithium analyst of SMM, it is my chance to share key information and my ideas with the readers of this article.

[SMM Data: Electrolyte Operating Rate in August] The operating rate of electrolyte in August 2024 was approximately 31.94%. The operating rate is expected to continue to rise in September.

Battery energy storage system (BESS) integrators Fluence and Saft have respectively initiated domestic manufacturing operations for battery modules and BESS containers in the U.S.

SMM, September 13: This week, 314Ah and 280Ah energy storage battery cell prices experienced a slight decline, while 100Ah and 50Ah energy storage battery cell prices remained stable.