Latest Update in the SMM Hydrogen Energy Market

Recently, the Congolese mining company Buenassa S.A.R.L. announced a partnership with the government to jointly develop Congo’s first integrated copper-cobalt refining plant. According to the agreement, the government will act as a strategic shareholder, holding a 10% equity stake in the subsidiary Buenassa Resources S.A. This collaboration not only focuses on the value-added processing of local mineral resources but also emphasizes the development of a responsible supply chain and the assertion of Congo's sovereignty over key mineral sectors.

As of this Friday, in northern ports: Australian lump ore was priced at 39.5-40 yuan/mtu, unchanged from last Friday; Australian seed ore was priced at 36-37 yuan/mtu, unchanged from last Friday; South African semi-carbonate ore was priced at 33.8-34.3 yuan/mtu, up 0.59% WoW from last Friday; Gabonese ore was priced at 37.8-38.8 yuan/mtu, unchanged from last Friday; South African high-iron ore was priced at 29.3-29.6 yuan/mtu, unchanged from last Friday. In southern ports: Australian lump ore was priced at 39.5-40 yuan/mtu, unchanged from last Friday; Australian seed ore was priced at 35.5-36 yuan/mtu, unchanged from last Friday; South African semi-carbonate ore was priced at 33.9-34.4 yuan/mtu, unchanged from last Friday; Gabonese ore was priced at 38.8-39.3 yuan/mtu, up 0.77% WoW from last Friday; South African high-iron ore was priced at 28.5-29 yuan/mtu, unchanged from last Friday. The futures market for SiMn was bullish this week...

In the first half of 2025 (H1), the phosphorus chemical industry experienced significant price fluctuations and capacity adjustments, primarily influenced by factors such as the global economic situation, raw material supply, and the growth in demand for new energy. On the demand side, the consumption of phosphorus resources in the new energy industry continued to increase. The usage of phosphoric acid and industrial-grade monoammonium phosphate (MAP) in the cathode material lithium iron phosphate (LFP) industry, as well as the application of yellow phosphorus in the main raw material LiPF6 for electrolytes, all saw substantial increases compared to the same period last year.

Initial assays from the HCK joint venture project, announced on July 10, revealed a 6.9-meter lithium-rich intercept at 174.6 meters depth (drill hole MWOG0002), averaging 2.11% Li₂O with a high-grade 3.45-meter zone grading 3.20% Li₂O.

[SMM Analysis: Review and Outlook of Phosphorus Chemical Industry in H1 2025] In the first half of 2025, the phosphorus chemical industry experienced significant price fluctuations and capacity adjustments, mainly influenced by factors such as the global economic situation, raw material supply, and growth in new energy demand. On the demand side, the consumption of phosphorus resources in the new energy industry continued to increase. The usage of phosphoric acid and industrial-grade monoammonium phosphate (MAP) in the cathode material LFP industry, as well as the usage of yellow phosphorus in the production of LiPF6, the main raw material for electrolytes, both saw substantial increases compared to the same period last year.

In recent years, against the backdrop of profound changes in the global new energy industry landscape, Chinese lithium battery industry chain companies have faced dual challenges.

[SMM Analysis: Tiantie Supplies Lithium Anode for Solid-State Batteries to Xinjie, with Unit Consumption of 100 mt] Tiantie Technology collaborates with Xinjie Energy to supply lithium metal for its solid-state batteries, which are applied in high-energy-density fields. The annual procurement volume is no less than 100 mt, and the cooperation period is five years.