[SMM Analysis: Cathode Material Production Increased MoM in May, While Downstream End-use Demand Growth Remained Sluggish] SMM reported on June 4: In May, total lithium carbonate production decreased by 2% MoM but increased by 15% YoY; lithium hydroxide production remained largely stable MoM but decreased by over 20% YoY; cobalt sulphate production decreased by 13% MoM; Co3O4 production increased slightly both MoM and YoY; ternary cathode precursor production decreased by 3.99% MoM but increased by 4.53% YoY; ternary cathode material production increased by 3.52% MoM and 23.91% YoY; the iron phosphate market remained stable, with production increasing by 2% MoM and 38% YoY; LFP production increased by approximately 6.7% MoM and 43% YoY; LCO production increased by 6% MoM.

On May 26, lithium carbonate futures contract briefly fell to 59,920 yuan/mt; on May 27, it further dropped to 59,720 yuan/mt, though it closed at 60,920 yuan/mt, the 60,000 yuan/mt threshold had been breached twice.

[6.4 Lithium Battery News] ►Five departments, including the Ministry of Commerce, organized the 2025 New Energy Vehicle (NEV) Rural Promotion Campaign ►All-China Federation of Industry and Commerce Automobile Dealers Chamber of Commerce Initiative: Resolutely Resist "Cut-Throat Competition" Primarily in the Form of "Price Wars" ►Asia-Pacific Mechanical & Electrical Co., Ltd.: Received NEV Designation Notification ►NIO: Gross Margin Expected to Increase by Over 20% in Q4 This Year ►BYD: Sold 382,500 NEVs in May ►Del Corporation: Plans to Invest 300 Million Yuan in the Construction of a New-Type Lithium Battery Pilot and Industrialisation Project, as Well as an Intelligent Motor Industrialisation Project

Tibet Mineral Development Co., Ltd. held the third extraordinary meeting of the eighth board of directors on May 30, 2025, and agreed to reduce the initial listing price of Baiyin Zhabuye by 10% based on the first listing price in 2024. The transfer reserve price was adjusted to RMB 176.9214 million, and the company entrusted the Shanghai United Assets and Equity Exchange to conduct the second round of public listing for transfer.

[SMM Data: LiPF6 Production in May Declined Slightly MoM] LiPF6 production in May 2025 declined by approximately 7% MoM, and production in June is expected to decline by 4%.

[SMM Data: Electrolyte Production Rose Slightly MoM in May] Electrolyte production in May 2025 increased 1% MoM, and is expected to decrease 1% MoM in June.

SMM's monthly production data for base metals is released at the end of each month, aiming to uncover the true fundamentals for industry chain professionals and investors, and providing a clearer grasp of the future direction of the non-ferrous metal market.

[SMM Analysis: Demand Rises, Anode Material Production Increases in May] SMM, June 3: Cost side, the price of graphitisation tolling services has slightly declined due to weak downstream demand; at the same time, the price of raw material coke is also facing downward pressure, and the anode procurement demand from traditional industries...

[SMM Analysis: Co3O4 Production Rose MoM in May, Market Participants Remain Cautious and Wait-and-See] In May 2025, Co3O4 production increased both MoM and YoY. In terms of supply, although the spot price of Co3O4 showed an overall downward trend in May, it remained at a relatively high level compared to previous periods, with a relatively optimistic profit margin...