Recently, Tesla released its financial results for the first quarter of 2025.

It’s official, DRC-Africa Battery Metals Forum is moving to Kolwezi and is taking place from 29-30 September 2025.

【SMM Cobalt and Lithium Morning Meeting Summary: This week, the coefficients of black mass for ternary and LCO were basically stable. Taking ternary black mass as an example: Currently, the coefficient of black mass from ternary pole pieces is 75-78%, and the coefficient of black mass from ternary batteries is 72-75%. On the supply side, the psychological selling prices of grinding mills and traders have decreased with the decline in salt prices. However, some grinding mills still choose to hold back from selling as their current profits from the grinding process remain below the surplus line, opting to wait for market conditions to improve. Market transactions were sluggish compared to March on a MoM basis.

SMM Cobalt & Lithium Morning Meeting Summary: This week, the spot price of refined cobalt remained relatively stable. From the supply side, the current social inventory in the market remains relatively high, but there are slight differences in the inventory structure. From the producer side, due to the sustained high prices of raw materials, the economic efficiency of refined cobalt production is poor. Production cuts by smelters may continue in the future, but the overall supply of spot cargo in the market remains sufficient. From the demand side, inquiries and purchases from downstream producers were slightly mediocre. It is expected that this week, the refined cobalt price will maintain a fluctuating trend.

At the beginning of this week, the spot price of Co3O4 declined slightly. Supply side, the market performance was sluggish, with some smelters lowering their quotes and showing increased willingness to sell. However, the overall trading activity remained low...

At the beginning of this week, the price of cobalt chloride remained stable. Supply side, due to the increasingly tight inventory of raw materials, most producers refused to sell at low prices, causing the quoted prices to remain high...

At the CLNB 2025 (10th) New Energy Industry ChainExpo - New Energy PV ESS Forum hosted by SMM Information & Technology Co., Ltd. (SMM), Liang Wang, R&D Director of Ganfeng LiEnergy (Dongguan) Technology Co., Ltd., shared insights on the topic "Current Status and Trends of Industrial and Commercial (C&I) ESS Development."

After the conclusion of the CLNB 2025 (10th) New Energy Industry Chain Expo hosted by SMM, SMM has meticulously organized a field trip, composed of representatives from companies worldwide, including Atlantic Lithium, German Mineral Resources Agency (DERA), ING Wholesale Banking, and LG Energy Solution, etc. to visit multiple enterprises in the new energy industry chain.