According to market perspectives, involved mine enterprises lacking complete data need to conduct re-exploration and drilling, a lengthy process that will inevitably lead to overdue report submissions. Moreover, the review timeline and stringency after submission add further uncertainties. Regarding the potential resumption date of CATL's mine, the market also holds significant divergences: One side believes that considering Jiangxi's local economic dependence on the lithium industry, it will push for CATL's review to be completed within 1-3 months; the other side, referencing past lithium mine approval cases and regulatory stringency, judges that the review timeline may extend to half a year or more. More critically, if the other seven mines are confirmed to require license renewal according to lithium mine standards, their shutdowns will further reduce monthly lithium carbonate supply by approximately 5,000-7,000 mt, potentially exacerbating the supply shortage. 

The progress of the recall incident this week is as follows:

The progress of the recall incident this week is as follows:

Glencore recently stated in its earnings guidance that due to the cobalt export ban imposed by the Democratic Republic of Congo (DRC), a significant portion of its cobalt production from that country may be unsellable until the end of 2025. While the company acknowledges that this will cause substantial shipment disruptions, it also emphasizes that the overall financial impact for the year is expected to be “limited.” This assessment reveals two key points: first, Glencore believes the market is currently in an oversupply phase, and the export suspension can effectively ease this pressure; second, the company expects such intervention to accelerate inventory reduction and subsequently support a price rebound, which will be beneficial for future sales.

At the Kalgoorlie Mining Forum, the company announced record FY2024-25 production of 755,000 tonnes from its Pilgangoora project in Western Australia. Despite pricing headwinds, PLS completed a A$1 billion self-funded expansion cycle and currently holds A$1.6 billion in liquidity.

As of this Friday, at northern ports: Australian lump ore was priced at 40.7-41.2 yuan/mtu, unchanged from last Friday; South African semi-carbonate ore was priced at 34.9-35.4 yuan/mtu, unchanged from last Friday; Gabonese ore was priced at 39.8-40.6 yuan/mtu, unchanged from last Friday; South African high-iron ore was priced at 29.5-30 yuan/mtu, unchanged from last Friday; South African medium-iron ore was priced at 35.2-35.7 yuan/mtu, unchanged from last Friday. At southern ports: Australian lump ore was priced at 40.2-40.9 yuan/mtu, unchanged from last Friday; South African semi-carbonate ore was priced at 35.5-36 yuan/mtu, unchanged from last Friday; Gabonese ore was priced at 40.3-40.8 yuan/mtu, unchanged from last Friday; South African high-iron ore was priced at 30.6-31.1 yuan/mtu, up 0.65% WoW from last Friday; South African medium-iron ore was priced at 36.6-37.1 yuan/mtu, up 1.38% WoW from last Friday.