[SMM Data] November LiPF6 Import and Export Data

On November 21, the "Low-Carbon Fuels Authorization Act" was officially published in the Official Journal of the European Union and took effect 20 days later. Opinions on this policy vary, with some viewing it as a compromise and concession by the EU amid the current cooling of the "green hydrogen fever," while others see the "Low-Carbon Fuels Authorization Act" as a supplement and refinement to the "Hydrogen and Natural Gas Market Package," with the ultimate goal still being the development of zero-carbon emission green hydrogen.

Announcement on the Publication of the "SMM Sodium hydroxide, CIF Indonesia,USD/mt" Price Point

PEM electrolyzers in Q3 2025 covered 24 enterprises with a total production capacity of approximately 2.78GW; the shipment volume reached around 21MW, a year-on-year decrease of about 27.1% and a month-on-month decrease of roughly 5.4%.

Announcement on the Publication of the "MHP Cobalt Payable to SMM Cobalt Metal (in-whs Rotterdam)" Price Point

In October 2025, China's total monthly lithium carbonate production continued its growth trend, increasing 6% MoM and 55% YoY. The new energy EV and ESS markets performed better than expected, stimulating demand and encouraging active production among domestic lithium carbonate smelters, with overall operating rates remaining high.

Argentine President Javier Milei's landslide victory in midterm elections has injected fresh momentum into his strategy to unlock the country's vast lithium, copper, oil, and gas resources. The overwhelming win consolidates Milei's power base, strengthens ties with Washington, and lays a political foundation for attracting mining investment.

In October 2025, Chinese solar giant LONGi and the Energy Commission of Nigeria (ECN) concluded strategic cooperation negotiations at its headquarters in China. Both parties agreed to advance the establishment of a solar cell/module factory in Nigeria with a capacity of 500–1,000 MW (0.5–1 GW). The official press release from Nigeria and multiple industry media outlets confirmed this intention, noting that the cooperation was deepened based on a memorandum of understanding (MoU) signed earlier in the year in London.

On October 21, the APAC (10th) Ni-Cr-Mn Stainless Steel & New Energy Conference 2025, hosted by SMM Information & Technology Co., Ltd. (SMM), successfully concluded in Xiamen, Fujian!

[SMM Analysis] On September 29, the Yunnan Provincial Energy Bureau and the Yunnan Energy Regulatory Office jointly issued the "Implementation Rules for the Development and Construction Management of Distributed PV Power Generation in Yunnan Province (Trial)," which took effect immediately upon issuance and will remain valid for five years. This represents a concrete implementation measure by Yunnan following the national-level "Management Measures for the Development and Construction of Distributed PV Power Generation (2025 Edition)," tailored to local conditions, aiming to promote the healthy and orderly development of distributed PV and support the construction of a new-type power system.

ExxonMobil's competitive edge lies in its use of synthetic graphite. This lab-engineered carbon material is produced from petroleum byproducts or other feedstocks rather than being mined. Compared with natural graphite, synthetic graphite offers higher purity and consistency. Its production is less labor-intensive, scalable through ExxonMobil’s refineries, and more environmentally friendly due to lower land use and emissions. This material outperforms mined alternatives in conductivity and stability, directly enhancing battery efficiency and reliability. Following its acquisition of Superior Graphite’s assets in September 2025, ExxonMobil aims to expand domestic production capacity in the U.S., reduce reliance on imports, and support local EV manufacturing.