Latest Update in the China Lithium Market

SHANGHAI, May 20 (SMM) - Cui Dongshu, secretary-general of the China Passenger Car Association (CPCA), said that the increase in the price of raw materials and car prices is a temporary phenomenon in the auto market.

SHANGHAI, May 20(SMM) - Recently, market research agency Benchmark Mineral Intelligence predicted that in 2030, lithium demand will reach 2.4 million mt, and investment demand will reach $42 billion.

SHANGHAI, May 20 (SMM) - According to SMM survey, the price of lithium cobalt oxide (LCO) has been slowly declining recently.

China's lithium carbonate imports in April 2022 were 5,763 mt, down 48% MoM and 36% YoY.

In the morning of May 19, Zhonghuan Semiconductor Corporation announced N-typemonocrystalline silicon wafer prices for the first time.

According to China Association of Automobile Manufactures (CAAM), the normal production and operation of the automobile industry has been severely hit by the complicated pandemic situation in China, which resulted in insufficient supply and sluggish consumption and market confidence.

On May 18, CHN Energy held the opening ceremony (pre-opening) of power projects in 2022.

SHANGHAI, May 19 (SMM) - According to the Cobalt Market Report released by the Cobalt Institute on May 17, electric vehicles have surpassed smartphones and personal computers to become the largest source of cobalt demand for the first time.