Recently, data released by Thailand's Ministry of Industry showed that the number of Chinese automotive parts enterprises registered in Thailand reached 420 in Q1 2025, a threefold increase from 2020, with their share of foreign-funded enterprises surging from 7% to 22%. The Thailand Board of Investment (BOI) predicts that by 2030, the total investment by Chinese parts enterprises in Thailand will exceed $5 billion, driving the share of Thailand's new energy vehicle production from the current 5% to 30%. Dianchiwang (Battery Network) has noticed that in recent years, Chinese lithium battery enterprises have collectively moved "south" to Southeast Asia, accelerating their local factory construction and layout, with many enterprises establishing their first overseas factories in Southeast Asia.

The 2025 lithium battery recycling policies emphasize a dual logic of "regulation + incentives". By raising technical thresholds, strengthening full-lifecycle management, and increasing fiscal support, the policies aim to transition the industry from fragmented competition to high-quality development. Subsidies and relaxed import/export conditions are expected to alleviate long-term economic imbalances in the recycling sector.

Dazhong Mining Accelerates the Formation of an 'Iron Ore + Lithium Ore' Dual-Driven Strategy

This week, the spot price of lithium carbonate continued to decline, with the SMM lithium carbonate index price falling from 63,974 yuan/mt to 63,447yuan/mt, showing an overall trend of fluctuation downward.

According to media reports, the US Department of Commerce has made a preliminary ruling that there are subsidies for key battery components in China, believing that Chinese producers of active anode materials have received substantial government subsidies, paving the way for the subsequent imposition of countervailing duties.

This week, lithium salt prices fluctuated, while nickel and cobalt salts saw minor declines. The coefficients for ternary and lithium cobalt oxide black powder continued to drop. For example, the coefficient for ternary cathode black powder currently ranges between 74-77%, and that for ternary battery black powder is 71.5-73.5%. Lithium points for lithium iron phosphate (LFP) cathode black powder stand at 2,500-2,700 yuan per lithium point, while LFP battery black powder ranges from 2,200-2,400 yuan per lithium point. Suppliers and traders remain firm on pricing, though some crushing plants are holding back inventory due to thin profit margins, leading to weaker market transactions compared to April.

As of this Friday, at northern ports: Australian lump ore was priced at 39.5-40.5 yuan/mtu, up 2.56% WoW from last Friday; Australian seed ore was priced at 36.5-37.5 yuan/mtu, down 1.33% WoW from last Friday; South African semi-carbonate ore was priced at 33.6-34.1 yuan/mtu, up 0.30% WoW from last Friday; Gabon ore was priced at 36.6-37.6 yuan/mtu, down 1.07% WoW from last Friday; South African high-iron ore was priced at 29.8-30.3 yuan/mtu, down 0.66% WoW from last Friday. At southern ports: Australian lump ore was priced at 39.5-40.5 yuan/mtu, up 1.27% WoW from last Friday; Australian seed ore was priced at 37.5-38 yuan/mtu, down 2.58% WoW from last Friday; South African semi-carbonate ore was priced at 34-34.5 yuan/mtu, unchanged WoW from last Friday; Gabon ore was priced at 38.8-39.3 yuan/mtu, down 0.51% WoW from last Friday; South African high-iron ore was priced at 28.5-29 yuan/mtu, up 0.70% WoW from last Friday. Affected by the news about South African manganese ore, the SiMn futures market surged and then pulled back during the week. Driven by the surge in the SiMn futures market yesterday, ore prices rose slightly, with some miners maintaining firm quotes. Downstream alloy plants showed weak acceptance of high-priced manganese ore, resulting in relatively sluggish market transactions and ore prices struggling to rise. Attention should be paid to the future performance of the SiMn futures market and the actual procurement of manganese ore by downstream alloy plants.