SMM Daily Review: Spot Lithium Carbonate Prices Continued to Decline on March 4

On April 14, news emerged that Qinghai Salt Lake Industry disclosed its preliminary performance report for the first quarter of 2026. In Q1 2026, the company achieved operating revenue of 6.432 billion yuan, a year-on-year increase of 94.89%; net profit was 2.939 billion yuan, a year-on-year increase of 147.44%. During the reporting period, the company's potassium chloride production was approximately 877,300 tons, with sales of approximately 1.3297 million tons; lithium carbonate production was approximately 19,500 tons, with sales of approximately 16,800 tons. Driven by year-on-year increases in sales volume and prices, the profitability of the potassium chloride segment grew significantly.

On April 13, Jiangsu Weilan Lithium Core Group Co., Ltd. released its 2025 annual report. The report shows that the company achieved annual operating revenue of 8.113 billion yuan, a year-on-year increase of 20.09%; net profit attributable to shareholders of the listed company was 711 million yuan, a year-on-year increase of 45.66%; net profit after deducting non-recurring gains and losses was 723 million yuan, a significant year-on-year increase of 68.40%. The company's lithium battery products focus on traditional fields such as power tools and garden tools, while actively expanding into emerging applications such as BBU backup power supplies, eVTOL, AI robots, and biomedical devices.

[SMM Hydrogen Energy News Brief] On April 9, the first AEM hydrogen production-magnesium-based solid-state hydrogen storage integrated system, independently developed by the Hydrogen Science Center of the School of Materials at Shanghai Jiao Tong University, was officially put into operation in Kazakhstan. The system combines two core technologies — efficient hydrogen production and safe hydrogen storage — achieving deep intelligent coupling of hydrogen production and storage. It employs non-precious metal, low-cost green electricity dynamic direct-connection methods for hydrogen production and directly delivers hydrogen at low pressure to the magnesium-based solid-state hydrogen storage module, eliminating the need for high-pressure compression and cryogenic liquefaction, thereby pioneering a new pathway for the large-scale application of green hydrogen.