On June 24, lithium carbonate futures prices experienced a long-awaited rebound. Against the backdrop of falling below the cost line and continuous news of production cuts, will the lithium carbonate price see a turning point?

Polaris Energy Storage Network learned that on the evening of July 1, BYD released its production and sales report for June 2025. In terms of batteries, the total installed capacity of BYD's NEV power batteries and ESS batteries in June 2025 was approximately 27.019 GWh, up 67.81% YoY.

Amidst the surging tide of global energy transformation, sodium-ion batteries (sodium-ion batteries), with their unique advantages such as abundant resource reserves, low cost, and excellent low-temperature performance, are gradually emerging as a shining new star in the new energy sector.

SMM Cobalt Morning Meeting Summary: This week, the low-end price of refined cobalt rose slightly, while the high-end price remained stable. On the supply side, smelters of refined cobalt maintained long-term contract supplies, with fewer spot order quotations. Traders had limited low-priced goods in hand, leading to an increase in low-end quotations. For the high-end price, some traders reported an increase in the ex-factory price of a certain high-end brand, and traders followed suit by refusing to budge on prices. However, due to weak purchase willingness from downstream buyers, the market transaction price gradually fell below the producer's ex-factory price.

[SMM Cobalt and Lithium Morning Meeting Summary: This week, the overall market trend for iron phosphate was stable. Although we have entered the second half of the year (H2), the market remained calm. Some enterprises that adjusted prices in June have temporarily suspended the downward trend of their quotations in July. The reason is that new entrants often adopt a low-price strategy to seize the market. Even if established enterprises reduce prices, the discounts they offer are difficult to match those of the newcomers. Continuing with low prices may lead to expanded losses. Enterprises that previously had sluggish shipments, although still actively vying for orders, are also adhering to their price bottom lines and instead focusing on enhancing product competitiveness to stabilize market share.

[SMM Analysis: Weekly Summary of the LFP Market] This week, the price of LFP continued the upward trend from last week, with an overall increase of approximately 210 yuan/mt. The price of lithium carbonate also continued to rise this week, with a cumulative increase of about 950 yuan/mt.

This week, the price of DC-side battery cabins slightly decreased. The average price of a 5 MWh DC-side battery cabin was 0.428 yuan/Wh, while the average price of a 3.44/3.77 MWh DC-side battery cabin was 0.437 yuan/Wh.