Latest Update in the SMM Chemical Compound Market

January-February: Supply-demand pattern improved, and lithium hydroxide prices stabilized.

Last week, the LFP market price showed signs of stabilizing and rising slightly, with an overall average increase of about 130 yuan/mt.

Last week, lithium ore prices experienced slight fluctuations WoW.

[SMM Data: LiPF6 Operating Rate in December] The operating rate of LiPF6 in December 2024 was approximately 73.2%, and it is expected to continue declining in January.

[SMM Data: Electrolyte Operating Rate in December] The operating rate of electrolyte in December 2024 was approximately 41.44%. The operating rate is expected to continue declining in January.

【IMPORTANT：The first lithium auction activity of the SMM Trading Center Co., Ltd. of SMM was successfully completed with Tianqi Lithium Corporation to sell 60 tons of battery-grade lithium carbonate】On January 10, 2025, Tianqi Lithium listed 60 mt of battery-grade lithium carbonate on the bidding section of the SMM Trading Center's Anhuida platform. Started with the price of 75,900 yuan/mt. Shanghai Zidou Industrial Co., Ltd. successfully won the bid at a final price of 77,500 yuan/mt, with a premium of 1,600 yuan/mt and a premium rate of 2.1%. The transaction process was smooth and competitive.

SolarBank Corporation has sold four solar power projects in upstate New York, totaling 25.577 MW, to global renewable energy leader Qcells, a subsidiary of South Korea's Hanwha Solutions.

Waaree Energies Ltd., India's premier solar PV module maker, has launched trial operations at its new 5.4 GW solar cell plant in Chikhli, Gujarat.