The Civil Aviation Administration of China issued an urgent notice, prohibiting passengers from carrying power banks without 3C certification, with unclear 3C certification, or of recalled models or batches on domestic flights starting from June 28.

Polaris ESS Network learned that on June 26, Ganfeng Lithium stated at an investor conference that the current lithium price exhibits obvious bottoming characteristics, with the costs of multiple projects unable to support the current lithium price level.

SMM Cobalt Morning Meeting Summary: This week, influenced by the policy of extending the export ban in the DRC, both the futures market and spot price of refined cobalt saw significant increases. On the supply side, most refined cobalt smelters continued to maintain long-term contract supplies, with fewer spot order quotations. After observing the market for several trading days, traders gradually resumed quotations and maintained a refusal to budge on prices. On the demand side, at the beginning of the week, influenced by the policy, inquiries from traders and end-users increased significantly, and actual transactions were sporadically reported.

[SMM Cobalt and Lithium Morning Meeting Summary: This week, the prices of black mass for ternary and LCO in the disassembly recycling market rebounded slightly. Cobalt sulphate prices continued to rise, nickel sulphate prices were basically stable, and lithium carbonate prices rebounded slightly, oscillating. The coefficients for black mass of ternary, LCO, etc. remained unchanged, with a slight increase in the cobalt coefficient and a continuous decline in the lithium coefficient. The lithium point prices for black mass from LFP pole pieces were 2,150-2,300 yuan/mtu, and the lithium point prices for black mass from LFP batteries were 1,950-2,100 yuan/mtu.

Recently, the concept of solid-state batteries has been performing remarkably well. In terms of specific publicly listed firms, Lyric's share price rose by over 30% for three consecutive trading days and closed lower today (June 26). After the market closed today (June 26), Lyric's share price was 41.29 yuan per share, with a cumulative increase of 88.54% since the beginning of the year. The company's total market value was 6.967 billion yuan.

[SMM Analysis] This week, prices for 314Ah and 280Ah ESS battery cells saw a slight decline, with the low-end prices being 0.266 yuan/Wh and 0.272 yuan/Wh respectively, down 0.7% and 0.36% MoM. In contrast, the price for the 100Ah model rose slightly, with an average price of 0.352 yuan/Wh.

[SMM Weekly Review of Power Battery Cell Market] Overall, the supply and demand of power batteries for passenger vehicles is relatively loose; while the supply and demand of power batteries for commercial vehicles is relatively tight.

Recently, the Management Committee of Qujing Economic and Technological Development Zone in Yunnan Province issued a pre-approval announcement for the construction project design plan of the integrated production and construction project with an annual output of 100,000 mt of lithium battery anode materials by Yunnan Zhongke Shinzoom Graphite Co., Ltd. According to the information, the project is located to the west of Sanyuan Road and to the north of Huanbei Road in the state-level Qujing Economic and Technological Development Zone, with a total land area of 370,269.51㎡. The project site mainly plans for 20 standalone buildings, including 8 factory buildings, 1 warehouse, 1 comprehensive building, 1 logistics service center, 1 shift dormitory building, 3 gatehouses, 1 hazardous waste and solid waste storage building (including a garbage station), 1 maintenance workshop, 1 GIS building, 1 comprehensive building for the power distribution room, and 1 garbage station.