On June 26, 2025, Garrett announced the official opening of its new

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NewsFlash / Cobalt & Lithium

Jun 27, 2025 19:18

Source:SMM

On June 26, 2025, Garrett announced the official opening of its new innovation center in Wuhan, China. The establishment of this center marks Garrett's deepening of zero-emission technology research and development capabilities in the Chinese market and its commitment to driving the green transformation of the transportation and industrial sectors. The Wuhan Innovation Center, Garrett's second innovation center in China, will form a "dual-engine" structure with the existing Shanghai R&D center to jointly drive innovation and development in zero-emission technologies. Garrett's global president and CEO, Olivier Rabiller, stated that the opening of the Wuhan Innovation Center is an important step in Garrett's electrification strategy. The company will use this opportunity to accelerate the introduction of zero-emission technology capabilities to the Chinese market to meet the global and Chinese customer demand for green mobility.

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[SMM Analysis]Ryosei Akazawa, Japan's chief trade negotiator, emphasized that Japan could not accept the US's imposition of a 25% tariff on imported cars. He pointed out that Japanese automakers produced approximately 3.3 million units in the US annually, significantly exceeding the 1.37 million cars they exported to the US. In addition, these Japanese automakers have invested over $60 billion in the US and created 2.3 million local jobs.

Jun 29, 2025 13:43

Selected News Analysis

[SMM Analysis] Japan Reiterates It Cannot Accept US's 25% Tariff Increase on Imported Cars

[SMM Analysis] Ryosei Akazawa, Japan's chief trade negotiator, emphasized that Japan cannot accept the US's imposition of a 25% tariff on imported cars. He pointed out that Japanese automakers produce approximately 3.3 million units in the US annually, significantly higher than the 1.37 million units they export to the US. In addition, these Japanese automakers have invested over $60 billion in the US and created 2.3 million local jobs.

Jun 29, 2025 13:39

Selected News

[SMM Analysis] Guangzhou Announces Pilot Project for Recycling of Scrap Power Batteries in 2025 and a Funding Incentive Plan of 27.87 Million Yuan

Financial Incentives for Second-life Application and Disassembly Recycling Projects of Waste Power Batteries in 2025

Jun 29, 2025 13:23

Selected News

[SMM Analysis] Recent Updates on the Recycling Incident: 6.23-6.26

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

Jun 29, 2025 13:21

Selected News

【SMM Analysis】Recycling Industry Events This Week (Jun. 23-27)

【SMM Analysis】Recycling Industry Events This Week (Jun. 16-20): This week's recycling industry events.

Jun 29, 2025 13:09

Analysis

【SMM Analysis】Demand for Echelon Utilization Remains Stable This Week (2025.6.23-2025.6.26)

Echelon Utilization: Based on overall data analysis, vehicle sales showed some growth in June, but the support was limited. Demand in the energy storage sector remained stably supported by rigid requirements. The sales boom driven by earlier auto shows is gradually subsiding. The market penetration rate of new energy vehicles has stabilized, and current terminal market consumption momentum remains insufficient. Market sentiment suggests that incremental terminal demand is expected to be relatively limited.

Jun 29, 2025 00:02

Analysis

【SMM Analysis】Recycled Ternary and LCO Black Mass Prices See Minor Rebound This Week (2025.6.23-2025.6.26)

This week, following the announcement of import/export restrictions by the Democratic Republic of Congo (DRC), cobalt sulfate prices continued to rise, nickel sulfate prices remained stable, while lithium carbonate prices saw a minor rebound and fluctuated. The recovery rates for black mass like ternary and lithium cobalt oxide (LCO) remained flat this week, with the cobalt rate seeing a slight increase and the lithium rate continuing to decline. Currently, lithium point prices for lithium iron phosphate (LFP) cathode black mass range from 2,150 to 2,300 yuan per lithium point, while LFP battery black mass lithium points range from 1,950 to 2,100 yuan. Taking ternary black mass as an example: current nickel-cobalt recovery rates for ternary cathode black mass are 72-74%, with lithium recovery rates at 66-70%. Recovery rates for ternary battery black mass nickel-cobalt are 70-72%.

Jun 28, 2025 23:58

Analysis

Latitude 66’s Discovery of a Gold-Cobalt Corridor in Finland: A Strategic Breakthrough for Europe’s Critical Minerals Autonomy

In June 2024, Australian mining company Latitude 66 announced the discovery of a 2.5-kilometer-long mineralized corridor containing gold, cobalt, and copper in the K6 exploration area of northern Finland. Though still in early-stage exploration, the discovery could have far-reaching implications for Europe’s ongoing efforts to secure critical mineral supply chains. From a resource, geographic, and policy standpoint, the project shows strong potential to become a key contributor to Europe’s green energy transition.

Jun 27, 2025 19:00

Analysis

Latitude 66 Discovers New Gold-Cobalt Ore Corridor in Finland: A Potential Breakthrough for Europe's Critical Minerals Self-Sufficiency

Jun 27, 2025 19:00

Selected News

The lithium industry struggles to break free from the dilemma of low prices, with industry consensus that it is difficult to see improvement before 2030.

Global lithium producers gathered at a major industry conference this week, but what dampened their spirits was the widespread belief within the industry that the phase of low lithium prices had not yet passed. Dale Henderson, CEO of Australian lithium miner Pilbara Minerals, stated that the company was feeling the market pain. Practitioners pointed out that despite the continuous rise in demand for lithium metal, lithium prices had been declining, which was quite contradictory. However, the industry consensus was that this "paradox" was unlikely to be resolved before 2030.

Jun 27, 2025 17:29

Selected News

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Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025

2025 15th APAC TIN INDUSTRY CONFERENCE