Latest Update in the SMM Cobalt Market

China-based companies Sungrow and Eve Energy are seeing substantial growth in their energy storage product shipments.

This week, ternary materials prices experienced a slight decline. At the beginning of the week, the decrease in cobalt-lithium prices led to a slight downward trend in positive electrode materials prices.

This week, lithium hydroxide prices remained stable. From the supply side, the operating rates of lithium hydroxide refining enterprises in the industry have remained high.

Recently, the overall volatility of spot lithium carbonate prices has slowed down. On the supply side, lithium salt producers are still maintaining a gradual recovery pace in production. It is expected that the import volume of lithium carbonate from overseas will also remain at a high level compared to March, indicating an overall recovery trend in the supply side.

This week, the average coefficient of nickel-cobalt-lithium in SMM ternary battery powder is 75%, while for ternary electrode powder, it is 77%. The average price of lithium in ternary electrode powder is 4700 yuan per lithium point, and in iron-lithium electrode powder, it is 4500 yuan per lithium point. The coefficient of lithium cobalt oxide in lithium cobaltate electrode powder is 77%, and in lithium cobaltate battery powder, it is 75%.

On the evening of April 23rd, Dynanonic (stock code: 300769) disclosed its 2023 annual report, achieving a total revenue of 16.973 billion yuan, with a net profit attributable to shareholders of the listed company of -1.636 billion yuan.

[SMM Lithium Manganese Oxide Weekly Review: Spot Lithium Manganese Oxide Prices Stable This Week] This week, SMM's price for lithium manganese oxide (capacity type) was 40,000-45,000 RMB/ton, with the overall market price remaining flat compared to last week. Lithium carbonate market prices experienced a slight fluctuation...

Hunan Province: Support Chenzhou to build the full lithium battery new energy industry chain and nurture a hundred billion level industry.