Jinlongyu's solid-state battery business is being advanced by Jinlongyu New Energy (Huidong) Co., Ltd., which was established in February 2025 by Jinlongyu's controlling subsidiary, Jinlongyu New Energy (Shenzhen) Co., Ltd., with a registered capital of 100 million yuan. In April 2025, the company plans to invest 1.2 billion yuan in building a mass production line for key solid-state battery materials in the Huizhou New Materials Industrial Park, comprising construction investment of 870 million yuan and working capital of 330 million yuan. The project covers a land area of 79,561.2 m², and the construction period is expected not to exceed three years.

October 17: Northern ports: South African high-iron fines at 29.3-30 yuan/mtu, down 0.67% WoW; South African semi-carbonate at 34-34.5 yuan/mtu, down 0.58% WoW; Gabon fines at 39.6-40.2 yuan/mtu, flat WoW; Australian lumps at 40.2-40.9 yuan/mtu, down 0.74% WoW; South African medium-iron fines at 35-35.7 yuan/mtu, down 0.56% WoW. Southern ports: South African high-iron fines at 30.6-31.1 yuan/mtu, up 0.98% WoW; South African semi-carbonate at 36.9-37.4 yuan/mtu, up 1.64% WoW; Gabon fines at 40.6-40.9 yuan/mtu, up 0.49% WoW; Australian lumps at 40-40.5 yuan/mtu, up 0.50% WoW; South African medium-iron fines at 36.4-37.1 yuan/mtu, flat WoW.

LCO: Raw Material Cost Transmission and Battery Cell Stockpiling Drive Price Increases, Inventory Buffer Suppresses Urgent Order Demand