[SMM Data] Operating rate of LiPF6 increased in August 2024

Cobalt and nickel price review and forecast

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.

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.

Affected by the continued losses in lithium salt companies purchasing lithium ore externally, which triggered to production suspension or reduction, as well as the seasonal maintenance of some lithium salt companies, it is preliminarily estimated that China's lithium carbonate output in February will decline by about 23% month-on-month to around 32,000 mt.

Both Argentina and Australia communicated with foreign governments to seek lithium investors and partners. China is out of the loop but in the discussion.

A summary of the trending news of the New Energy sector. Will Xiaomi’s EV business venture be able to compete with Tesla and BYD?

This newsletter describes the latest trend of EV industry: Government Continued to Encourage Development of New Energy Vehicle Industry,Cobalt Price Showed No Signs of Slowing Down...

Fuel cell vehicle is also a kind of EV, and with the Toyota Mirai, SAIC Roewe 950 Fuel Cell vehicles gradually come out, how will fuel cell vehicle industry develop in the future?