In June 2025, SMM cobalt sulphate production decreased by 9.71% MoM and increased by 3.80% YoY.

Sinomine Resource Group recently announced that, in order to further reduce production costs in the lithium chemicals business, accelerate the transformation and upgrading of intelligent manufacturing, and deepen the green and low-carbon development model, Sinomine (Jiangxi) Lithium Industry Co., Ltd. (hereinafter referred to as "Sinomine Lithium"), a wholly-owned subsidiary of Sinomine Resource Group Co., Ltd., plans to carry out a comprehensive technological upgrade and transformation of its lithium chemicals production line with an annual output of 25,000 mt, and invest in the construction of a technological transformation project for high-purity lithium chemicals with an annual output of 30,000 mt. It is reported that the total investment for this project is approximately 120.7 million yuan, with the funding source being Sinomine Lithium's own funds or self-raised funds. The shutdown for maintenance and technological transformation is expected to last approximately six months.

In June 2025, the production of ternary cathode material by SMM increased by 0.93% MoM and 31.54% YoY.

[June ternary cathode precursor production increased by 2.3% MoM] In June 2025, SMM's ternary cathode precursor production increased by 2.3% MoM and decreased by 3.18% YoY.

According to the news released by Narada Power (300068) on June 28, the company recently signed an ESS order with a well-known large independent power generation operator in India, to supply a 1.4 GWh energy storage system for a large-scale new energy PV project in India. This project is one of the largest single ESS projects in India.

Since the beginning of this year, when the market share of LFP power batteries first exceeded 80%, the market share of LFP power batteries and ternary power batteries has consistently maintained a ratio of 80% to 20%. In March, the market share of LFP power batteries even exceeded 83% at one point, dominating the market. While LFP batteries have firmly secured their position as the "top player," the upstream material sector has presented a "divided" picture: on one hand, there have been frequent reports of the suspension or postponement of some newly built or existing LFP-related material projects; on the other hand, there have been a steady stream of order announcements from leading battery producers. This seemingly contradictory phenomenon has become the truest portrayal of the current LFP cathode material market.

EVE (300014) is making another big move! On the evening of June 27, EVE Energy Co., Ltd. announced that its wholly-owned grandchild company, EVE ENERGY STORAGE MALAYSIA SDN.BHD. (hereinafter referred to as "EVE Energy Storage Malaysia"), plans to invest in the construction of a new-type ESS battery project using its own funds, funds raised from stock issuance, and/or self-raised funds, with an investment amount not exceeding RMB 8.654 billion.