[SMM Weekly Review of Co3O4 Market: This week, Co3O4 prices continued to decline] This week, Co3O4 prices continued to decline. Supply side, smelters slightly lowered their quotes and showed increased willingness to sell. Demand side, most LCO producers had already completed their order purchases in the early stage and still held a certain amount of inventory, thus adopting a wait-and-see attitude and showing low willingness to stockpile...

The first meeting of the National Task Force on the Recycling of Power Batteries from New Energy Vehicles (NEVs) emphasized the need to improve the regulatory and standards system, accelerate the formulation of relevant laws and regulations, and develop and revise mandatory standards such as safety technical specifications for various types of lithium batteries, in order to regulate recycling practices through legal means and lead the high-quality development of the industry with standards.

[SMM Analysis: Qingna Technology's Intelligent Factory Commences Production, Jointly Initiating a New Journey for the Sodium-ion Battery Industry] SMM May 27 Report: On May 26, 2025, the commencement ceremony for Qingna Technology's Phase I 10GWh intelligent factory for large cylindrical sodium-ion batteries, themed "A New Era of Green Sodium-ion Batteries, A New Engine for Intelligent Manufacturing Industry," along with the 2025 Sodium-ion Battery Industry Ecosystem Entrepreneur Summit, was successfully held amidst high anticipation. Government leaders, industry experts, and enterprise representatives gathered to jointly witness this significant moment and explore the future development direction of the sodium-ion battery industry...

SMM Cobalt Morning Meeting Summary: Refined cobalt prices have declined recently. Supply side, smelters continue to implement production cuts and are still in the process of destocking. In terms of pricing, traders' quotes have slightly decreased in line with the futures market. Demand side, although downstream buyers continue to purchase as needed, overall buying sentiment has improved, with inquiries and purchases slightly increasing. It is expected that this week, with the completion of position rolling, the refined cobalt futures market may continue to fluctuate.

[SMM Cobalt & Lithium Morning Meeting Summary: This week, the prices of wet-process separators will remain stable, with mainstream quotations for 5μm/7μm/9μm products adjusted to 1.35 yuan, 0.76 yuan, and 0.74 yuan, respectively. The prices of dry-process separators saw a slight increase earlier, with mainstream quotations for 12μm/16μm products reaching 0.45 yuan and 0.44 yuan.

►Former ST Pawa Helmsman Reappointed, Aims to Turn Losses Around by 2025 ►1.056 Billion Yuan: Hainan Mining's 20,000 mt Battery-Grade Lithium Hydroxide Project Commences Production ►Annual Processing Capacity of 100,000 mt: Lianyungang, Jiangsu Lithium Battery Vein Industrial Park Project Signs Contracts ►3.2 Billion Yuan, 300,000 mt: Besky Battery Recycling Base Officially Launched in Huaian, Jiangsu ►Approximately 1.3231 Million mt: CATL Issues Major LFP Order ►5 Billion Yuan: CORNEX New Energy Signs Five-Year Procurement Agreement