Latest Update in the China Ternary Precursor and Material Market

Customs data showed that Shanghai’s foreign trade hit a record high of 681.56 billion yuan in January-February 2023, up 0.7% YoY.

SHANGHAI, Mar 23 (SMM) – After the approval of the State Council, the Customs Tariff Commission of the State Council issued an announcement on December 29, 2022, clarifying China's tariff adjustment plan for 2023, including zero tariffs on unwrought cobalt imports.

SHANGHAI, Mar 23 (SMM) – Customs data on China’s unwrought cobalt imports from January to February 2023 is shown below.

SHANGHAI, Mar 23 (SMM) – Customs data on China’s unwrought cobalt imports in February 2023 is shown below.

SHANGHAI, Mar 23 (SMM) – Customs data on China’s unwrought cobalt imports in January 2023 is shown below.

CATL said that it has achieved mass production of Qilin battery.

Economists have been warning that 1970s-style stagflation could return in the coming more than one year, citing the highest inflation in 40 years in the US and sluggish economic growth.

After the second largest bank failure in U.S. history, the attention of U.S. stock investors began to shift from high inflation to systemic credit risk events.