Latest Update in the SMM Lithium Market

Due to the increase in material prices such as cobalt powder, Zhangyuan Tungsten Industry will adjust the prices of some cemented carbide and hardfacing material products from April 1st. According to Chongyi Zhangyuan Tungsten Industry Co., Ltd., on March 26th, Zhangyuan Tungsten Industry issued a notice regarding the adjustment of product prices. The rise in material prices, including cobalt powder, has significantly increased the company's production costs. To ensure the sustainable development of our company and to better provide long-term services to our customers, the company has decided to implement new prices for some cemented carbide and hardfacing material products starting from April 1st, 2025. For specific business inquiries, please contact the company's sales personnel.

SMM Analysis: China's LFP Exports Hit a Record High of 1,221 mt in January 2025! According to the latest data from the General Administration of Customs, China's LFP exports reached 1,221 mt in January 2025, setting a new historical record. Exports surged 34% MoM from December 2024 and were up 916% YoY. In terms of price, the average export price of LFP in December 2024 was $6,088/mt, down $2/mt from the December average.

Under the guidance of the "dual carbon" goals, energy storage is continuously adapting to the characteristics and demands of new-type power systems, playing a supportive role in these systems and becoming a crucial guarantee for achieving the energy technology revolution. The innovation and iteration of energy storage system products have become a strong driving force leading the development of the energy storage industry. Currently, the mainstream container energy storage system products in the industry are still primarily of 5MWh capacity. However, during the ESIE 2024 energy storage exhibition, SVOLT Energy Technology, REPT Battero, BYD Energy Storage, and CATL were the first to showcase energy storage systems exceeding 6MWh, leading the energy storage industry towards a high-capacity era at a faster pace. It is particularly noteworthy that in this round of capacity upgrade competition, the frontrunners are all companies primarily engaged in the battery business. Whether in terms of safety, cost, or performance, the role of battery cells in boosting the energy storage industry is self-evident. In this iteration process of energy storage system integration, companies with battery cell R&D and manufacturing capabilities are demonstrating stronger creativity and vitality than ever before.

【3.27 Lithium Battery News】 ►Ministry of Commerce: Launch pilot reforms in automobile circulation and consumption, develop new consumption scenarios such as automobile competitions and RV camping according to local conditions, and expand the aftermarket automobile consumption. ►US President Trump announced a 25% tariff on all imported automobiles. ►TotalEnergies announced six battery investment projects with a total investment of 160 million euros. ►Henan: Strive to complete the scrappage and replacement of approximately 500,000 units of personal consumer vehicles by the end of 2025. ►The newly revised "Beijing Fire Protection Regulations" will take effect in May: E-bikes are strictly prohibited from entering elevators. ►Tianqi Lithium: Net loss of 7.905 billion yuan in 2024.

410 Million Yuan! Jiaze New Energy Plans to Invest in Shared ESS Power Station Project. Jiaze New Energy plans to invest in the construction of a 100MW/400MWh shared ESS power station project in Mishan City, Heilongjiang Province. The total investment for the project is estimated to be approximately 410,520,800 yuan. (Battery Network)

Tianqi Lithium reported a net loss of 7.905 billion yuan in 2024, marking its "most loss-making year" since listing, and revised down its capacity plan. The company shifted from a profit to a loss YoY, compared to a net profit of 7.297 billion yuan in the previous year. The company attributed the performance change to the decline in lithium product prices, mismatched pricing mechanisms, the performance drop of its significant associate SQM, increased asset impairment losses, and increased foreign exchange losses. (Cailian Press)