Latest Update in the China Cobalt Market

Shanghai will implement the policy of exempting vehicle purchase tax for new energy vehicles, continue to implement subsidies for the replacement of new energy vehicles, promote the replacement of old vehicles and further promote the use of new energy vehicles.

SHANGHAI, Mar 24 (SMM) – The detailed output data is as below.

SHANGHAI, Mar 24 (SMM) – In 2023, the global photovoltaic installed capacity is expected to be 370 GW, a year-on-year increase of 45%, which will boost polysilicon consumption.

SHANGHAI, Mar 24 (SMM) – The prices of industrial-grad lithium carbonate (99.2%, domestic) are as below.

SHANGHAI, Mar 24 (SMM) – The daily changes of SMM battery-grade lithium carbonate (domestic, 99.5%) prices are as below.

This week, industrial silicon metal companies in production in Yingjiang county, Yunnan province, Sichuan province and other places gradually reduced production.

As of March 23, DMC prices dropped to 15,800 yuan/mt.

Polysilicon enterprises maintained stable operating rates this week.