Latest Update in the China Cobalt Market

Since June, there were many incidents in domestic and foreign lithium mining. Ion terms of domestic, Qinghai, Sichuan and other places lithium mines have rich lithium resources. Zhai Gang, director of the Sichuan Provincial Department of Economy and Information Technology, mentioned that Sichuan has rich reserves of lithium ore resources, accounting for 57% of the national total resources, and currently has mining rights of 158 million mt ore reserves. 

Domestic graphitisation capacity stood at 860,000 mt as of the end of 2021, and has reached 1 million mt by now following the release of new capacities. The total graphitisation capacity is expected to reach 1.3 million mt with the commissioning of anode-graphitisation integration projects in the next six months.

On Monday EST, Albemarle Corp. executives announced a bold expansion plan that the company plans to increase its lithium production to about five times the current level, to 500,000 mt per year, by 2030.

SHANGHAI, Jun 27 (SMM) - As the most advantageous raw material for the production of nickel sulphate, why does the price of nickel hydrometallurgy intermediate products keep falling?

SHANGHAI, Jun 27 (SMM) – The low-end prices of lithium carbonate went up slightly last week.

SHANGHAI, Jun 27 (SMM) – The prices of lithium hydroxide were stable last week.

SHANGHAI, Jun 24 (SMM) - Recently, according to media reports, due to the shortage in the supply chain, Xiaopeng Motors suspended the reservation of P5 models from four European countries (Denmark, Netherlands, Norway, and Sweden), and the previous orders could not be delivered on time.

SHANGHAI, Jun 23 (SMM) - CATL published an article on its official Weibo on June 23, saying that its newly unveiled CTP3.0 “Qilin” battery set a record high in the globe in terms of its system integration, features a volume utilisation rate of more than 72%, and energy density of 255Wh/kg, allowing cars to travel 1,000 km on a single charge.