On September 20, according to the Zhongna public account, Jiangsu Zhongna Energy Technology Co., Ltd. recently collaborated with Suzhou Jiaofa Baige Digital Energy Technology Co., Ltd. to successfully develop and launch Suzhou's first sodium-ion battery two-wheeler charging and swapping demonstration project.

Price of gasoline The price of gas is a multi-faceted, very complex topic, influenced by dozens of factors at local and also international level. Studying how these dynamics work can shed some light on global trends and fluctuations of the gasoline price that consumers and industries encounter inside and outside their countries. Gasoline prices are influenced by a wide variety of things, including crude oil prices, refining costs, distribution and marketing, taxes on the local and state level, supply and demand, and overall market appearance. Moreover, international relationships and policy-making related interplays also highly affects these prices providing a larger canvas in regards to how gas pricing gets imprinted at global level.

In August 2024, China's import volume of ternary cathode materials (NCM+NCA combined) was 5,401 mt, up 22% MoM and up 1% YoY. The export volume of ternary cathode materials (NCM+NCA combined) was 7,931 mt, up 4% MoM and down 3% YoY.

【SMM Analysis：Market Supply Increases, Refined Cobalt Export Average Price Declines MoM】In August 2024, China's imports of Refined Cobalt were approximately 177 mt (metal content), up 47% MoM and up 95% YoY.

in August, the downstream salt sector experienced significant fluctuations. Among them, lithium chemicals prices saw a rapid decline from mid-August, quickly dropping to a low point of around 72,000 yuan.

SMM September 20: According to Chinese customs data, in August 2024, China's cumulative export volume of LiPF6 was 1,516.29 mt, up about 55.2% MoM. Among them, China's cumulative import volume of LiPF6 was 6 mt.

【SMM Analysis】Avantus, a leading developer in the U.S. utility-scale solar and solar-plus-storage project development sector, is in the process of applying for permits for its Big Rock 2 solar and energy storage complex in Imperial County, California. The company plans to construct a 500MWac solar power plant at these locations, paired with a battery energy storage system (BESS) that will have a capacity of up to 500MW, enhancing the project's ability to provide reliable and storable energy.

According to customs data, in August 2024, China's total import volume of lithium carbonate was approximately 17,685 mt, down 27% MoM, with an average import price of about $10,781/mt.

This week, prices for 314Ah and 280Ah battery cells for energy storage slightly decreased, while prices for 100Ah and 50Ah battery cells remained stable. With the peak season in the fourth quarter approaching, demand for energy storage battery cells has gradually increased, and the production and sales of energy storage battery cells continued to grow.

In 2024, before the US presidential election is settled, the metal market may be intermittently disturbed. The "Trump trade" once surged, causing the metal market to lose its luster. However, after the first debate in Hartford, the "Trump trade" cooled down, which also revitalized the metal market.