Latest Update in the SMM Lithium Battery Cathode Precursor and Material Market

At the beginning of this week, the spot price of Co3O4 declined slightly. Supply side, the market performance was sluggish, with some smelters lowering their quotes and showing increased willingness to sell. However, the overall trading activity remained low...

At the beginning of this week, the price of cobalt chloride remained stable. Supply side, due to the increasingly tight inventory of raw materials, most producers refused to sell at low prices, causing the quoted prices to remain high...

At the CLNB 2025 (10th) New Energy Industry ChainExpo - New Energy PV ESS Forum hosted by SMM Information & Technology Co., Ltd. (SMM), Liang Wang, R&D Director of Ganfeng LiEnergy (Dongguan) Technology Co., Ltd., shared insights on the topic "Current Status and Trends of Industrial and Commercial (C&I) ESS Development."

After the conclusion of the CLNB 2025 (10th) New Energy Industry Chain Expo hosted by SMM, SMM has meticulously organized a field trip, composed of representatives from companies worldwide, including Atlantic Lithium, German Mineral Resources Agency (DERA), ING Wholesale Banking, and LG Energy Solution, etc. to visit multiple enterprises in the new energy industry chain.

Polaris Energy Storage Network learned that on April 27, the tender announcement for the first batch of energy storage equipment for the Green Demonstration Application Project of Virtual Power Plant in Ziyang City was released. The bid inviter for the project is Ziyang Ruiyan Environmental Protection Energy Technology Co., Ltd., a subsidiary of Ziyang Industrial Investment Group. The project is located in Ziyang City, Sichuan Province. In line with the work arrangements and requirements of the municipal party committee and government, the project will establish a virtual power plant platform (a comprehensive operation and management platform) and construct energy and power infrastructure such as PV ESS charging facilities across the city, including 5.99 MW of distributed PV, 80 MW/160 MWh of user-side ESS, and 402 charging guns. Through the Internet and Internet of Things technologies, various types of resources such as distributed PV, user-side ESS, and charging and battery swapping facilities within the city will be connected to the platform for unified aggregation and management, achieving "observability, measurability, and controllability" of resources. This will enable the resources to participate in the operation of the power system and transactions in the electricity market as a special power plant, ensuring the reliability of the large power grid operation, promoting the high-proportion consumption of renewable energy, enhancing the flexibility of electricity consumption, and reducing the energy costs for users. The total estimated investment for the project is 370 million yuan.

Polaris Energy Storage Network News: On April 25, a tender announcement for the demonstration project of intelligent energy storage and dispatch optimization for new-type power systems (virtual power plant construction project) was released. The current construction scale of the ESS power station is 200MW/800MWh, with the energy storage system composed of 40 parallel 5MW/20.06MWh energy storage units. Leveraging advanced technologies such as big data, cloud computing, the Internet of Things, and artificial intelligence, a digital platform will be constructed. The construction content includes a private cloud virtualized lightweight cloud platform, a virtual power plant, and the construction of an intelligent dispatch system.