SMM Notice: Metal Prices for Chinese Market Suspended During Labour Day Holiday; Overseas Prices Updated As Usual

On June 28, Guangzhou Rongjie Energy Technology Co., Ltd. and Indian energy storage integrator Lineage Power Systems Pvt Ltd formally signed a 3GWh cooperation agreement. According to the agreement, Rongjie Energy will supply a total of 3GWh of 314Ah lithium iron phosphate cells and related accessories to Lineage Power for its large-scale and commercial & industrial energy storage projects, covering both the Indian and international markets. The agreement also includes provisions on pricing, quality specifications, warranty terms, and delivery schedules, as well as clauses on joint quality assurance, system integration technical collaboration, and supply chain transparency, providing long-term supply chain security for Lineage Power's energy storage projects.

On 22 June 2026, China Wuhuan Engineering, Tianjin Cement Industry Design & Research Institute, and Hubei Yihua Chuxing Ecology signed a contract for a 1 Mt/a phosphogypsum-to-sulfuric acid project. The facility will produce 400,000 t/a of industrial sulfuric acid and cementitious admixtures using third-generation low-carbon calcination technology.

At the 2026 Annual Forum of the China Automotive Battery Industry Innovation Alliance held on June 30, Ma Chunsheng, Director of the Automobile Development Division of the Equipment Industry Department I of the Ministry of Industry and Information Technology (MIIT), stated: “The global new energy vehicle industry has now entered a new stage of accelerated development, which places higher demands on power batteries in terms of safety, greenness, durability, and other performance aspects, and requires us to further strengthen innovation-driven development.” He added: “In the next step, we will strengthen coordination, improve support policies, and continue to promote the high-quality development of the power battery industry. We will intensify R&D efforts on key technologies, support upstream and downstream enterprises in joint innovation, with a focus on breaking through all-solid-state batteries, high-specific-energy lithium-ion batteries, and other critical technologies. We will increase efforts on material breakthroughs for lithium-rich manganese-based cathodes, silicon-based anodes, solid-state electrolytes, and other materials, so as to consolidate our technological capabilities. We will also enhance large-scale intelligent flexible manufacturing and testing/verification capabilities, and continuously improve product performance and quality.”