The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Sep 30, 2024

[SMM Analysis: September LiPF6 Price Changes] The price of LiPF6 increased 1.7% MoM in September.

Australia Manganese consists of the Groote Eylandt Mining Company (GEMCO) located in the Northern Territory. GEMCO is an open-cut mining operation extracting high-grade manganese ore......

This week (2024.09.23-2024.09.27), the spot lithium carbonate market saw a significant upward shift in transaction price center. The SMM battery-grade lithium carbonate index price rose from 73,351 yuan/mt to 75,057 yuan/mt, an increase of 1,706 yuan/mt. This week coincided with the pre-National Day inventory period for downstream material plants, with overall inquiry and purchasing demand being relatively optimistic. After the holiday, with stable demand and potentially reduced supply, considering that lithium carbonate inventory levels remain high, it is expected that spot lithium carbonate prices will continue to fluctuate within a range.

【SMM Analysis】On September 26, 2024, at noon, a significant traffic accident took place in Los Angeles, California, USA. A semi-trailer truck loaded with lithium batteries overturned and ignited on Highway 47, east of the Vincent Thomas Bridge. The fire, exacerbated by the challenging nature of extinguishing lithium battery fires, resulted in substantial negative consequences.