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SMM Cobalt and Lithium Morning Meeting Minutes: Refined cobalt spot prices fluctuated upward this week. Supply side, the current market social inventory remained high, but the inventory structure showed slight differences. Supply side, due to raw materials maintaining high levels, the economic viability of refined cobalt production was poor, and smelters' enthusiasm for refined cobalt production was relatively low, with some smelters implementing production cuts. Demand side, downstream producers' inquiry activity slightly increased, but their willingness to stock up at high prices was not strong. It is expected that refined cobalt prices will maintain a fluctuating trend next week.

SMM Cobalt and Lithium Morning Meeting Summary: This week, in the ternary cathode precursor market, prices for 5-series for consumer electronics, 6-series for consumer electronics, and 8-series for NEV products continued to rebound. On the raw material cost side, prices for nickel sulphate and cobalt sulphate rose slightly. Although the price of manganese sulphate dropped back slightly, it was not enough to offset the upward push on precursor prices from nickel salt and cobalt salt, thereby driving a rebound in prices across all series of precursor products.

With an annual production capacity of 120,000 mt! The second phase of the LFP cathode material production site of Lithium Source Indonesia has commenced construction. Since its launch in 2021, the Lithium Source Indonesia project has garnered significant attention. The first phase, with a 30,000 mt LFP production line, was completed and put into operation in 2024, and achieved its first product shipment in January 2025, marking the first time that China's LFP technology has achieved large-scale mass production overseas. (Battery Network)

With an annual production capacity of 120,000 mt, the second phase of the LFP cathode material production site of Lithium Source Indonesia has commenced construction. Since its launch in 2021, the Lithium Source project in Indonesia has garnered significant attention. The first phase, with a 30,000 mt LFP production line, was completed and put into operation in 2024, and achieved its first product shipment in January 2025, marking the first time that China's LFP technology achieved large-scale mass production overseas. (Battery Network)

The lithium carbonate spot prices saw a notable decline this week, with the weekly average down by around 1,300 yuan/mt WoW. The average price of battery-grade lithium carbonate has fallen below 70,000 yuan/mt.