MIIT Announces New Round for Lead-Acid Battery Industry Standards Compliance

Highlights of Future Lead 3M price: As of 17 April, Asian trading session opening in a tight but gradually strengthening range during the early trading, edging higher from around $1,950/t to test levels near $1,959/t and closed at $1960/t. Market activity was moderate, with no major breakout, suggesting traders are positioning cautiously ahead of the next key catalysts. Highlights of the China lead ore market: The lead ore market remains relatively unstable, with pricing still somewhat disordered. High-grade material of lead ore (above 60%) is in tight supply; however, there are no clear signals of a strong upward price trend for lead ore during this time, although competition for ore inventory persists due to the off-season of the lead market.

[Lead-acid Battery Market Dynamics] It is reported that Tianneng Group Guizhou Energy Technology Co., Ltd., located in the Taijiang Economic Development Zone in Guizhou, according to Pang Mingduo, Deputy General Manager of the company: "Currently, the automation rate of the factory's production lines has reached 95%, and capacity has doubled compared to the initial stage. Daily production of new energy batteries has surged from 40,000 units to 135,000 units. Every year, 40,000 mt of waste batteries are recycled and handed over to Guizhou Qizhen Industrial Group Co., Ltd. for processing. The secondary lead they produce can meet 70% of Tianneng's raw material needs."

[E-bike Market Updates] According to information from the Ya'an Municipal Market Supervision Administration website: Recently, the Market Supervision Administration of Baoxing County, Ya'an City, Sichuan Province carried out quality supervision work on e-bikes and related accessories. This supervision work inspected 5 e-bike and related accessories business entities, and no safety hazards were found for the time being.