On March 6th, the record-filing for a 60,000-ton-per-year lithium hexafluorophosphate project was announced by a company in Yichang, Hubei. The project covers an area of 244 mu and involves the construction of synthesis workshops, electrolyte workshops, purification workshops, cleaning workshops, and supporting auxiliary production facilities. It will establish one production unit for lithium hexafluorophosphate (solid salt) and one for electrolyte, along with acid-alkali tank farms and electrolyte storage tanks. Upon completion, the project will achieve an annual output of 60,000 tons of lithium hexafluorophosphate and 200,000 tons of electrolyte.

Lizhong Group announced that the company achieved operating revenue of 32,139.17 million yuan in 2025, an increase of 17.96% compared to the same period last year. In 2025, the cumulative net profit attributable to shareholders of the listed company was 889.17 million yuan, an increase of 25.75% year-on-year. Benefiting from the recovery in market prices, coupled with the introduction of strategic investors, the company's lithium hexafluorophosphate business saw steady growth in capacity utilization and order volume. Starting from November, the business returned to profitability, with sustained positive momentum in profitability.

Dongwha Electrolyte said on the 10th that it is strengthening a strategic partnership with specialty fine chemicals firm PGT and comprehensive fine materials company Cheonbo to respond to the North American battery materials market and expand technical collaboration. Under the agreement, Dongwha Electrolyte will source domestically produced lithium hexafluorophosphate from PGT and mass-produce high-quality electrolytes at its Tennessee manufacturing facility in the U.S. The company plans to accelerate its localization strategy by supplying products that meet supply-chain regulatory requirements to local battery cell makers and automakers.

On June 10, 2025, the Ministry of Ecology and Environment (MEE) of the People's Republic of China officially announced the "Announcement on Matters Related to Regulating the Import Management of Recycled Black Mass Raw Materials for Lithium-ion Batteries and Recycled Steel Raw Materials".

[Fujian: Supporting Local Auto Consumption Promotion Activities with Overlapping Car Purchase Incentives] The General Office of Fujian Provincial People's Government issued the "Implementation Plan for Fujian Province's Consumption Stimulation Special Action," which proposes measures to support auto consumption. It encourages localities to develop aftermarket consumption such as auto modification, leasing, competitions, exhibitions, RV camping, and classic cars. Local governments are urged to cultivate and expand used car dealerships, promote "reverse invoicing" for used car sales, and accelerate the transition from brokerage to dealership models. Support will be provided for local auto consumption promotion activities with overlapping car purchase incentives. By the end of 2025, the province aims to have cumulatively built over 80,000 public charging piles, achieving "full township coverage" of public charging infrastructure. (Cailian Press) [XPeng Motors' He Xiaopeng: "Price Wars" Will Intensify in One Year During the Next Five Years] He Xiaopeng, Chairman of XPeng Motors, stated that the current "price war" is not yet at its most intense, predicting it may escalate further in one year during the next five years. "XPeng's priorities are: first, not to 'compete on price' but to 'compete on technology'; second, to expand globally beyond China; third, to transform new quality productive forces toward embodied intelligence." (Cailian Press) [MIIT Releases 2025 Regulatory Formulation Work Plan] The Ministry of Industry and Information Technology (MIIT) released its 2025 regulatory formulation work plan. Key items include submitting the "Interim Measures for the Comprehensive Utilization of Retired Power Batteries from NEVs" and the "Interim Measures for Total Control of Rare Earth Mining and Smelting/Separation" for ministerial review within the year. Drafting projects under urgent development include the "Management Measures for Recycling and Comprehensive Utilization of Lithium-ion Batteries for E-bikes" and the "Implementation Rules for Domestic Entities Leasing Foreign Satellite Resources." (Cailian Press) [Geely Group's Battery Subsidiary Jiyao Tongxing Passes New National Standard Testing for All Brick Battery Cell Products] Cailian Press reporters learned that all brick battery cell products from Jiyao Tongxing, a battery subsidiary of Geely Group, have obtained certification under GB38031-2025 "Safety Requirements for Power Batteries Used in Electric Vehicles" (hereinafter referred to as the "New National Standard"). Beyond meeting this standard, the brick cells also passed a more stringent military-grade safety protocol established by Jiyao Tongxing—remaining smoke-free, flame-free, and explosion-free after being simultaneously pierced by eight 0.005mm steel needles and left static for one hour. Industry note: The power battery "New National Standard" was promulgated by MIIT on March 28, 2025, and will take effect on July 1, 2026. It is regarded as the most stringent power battery safety standard to date, aiming to establish a comprehensive safety framework centered on "no fire, no explosion." [Canmax: Solid-State Battery Project Progresses Smoothly, Some Customers Have Achieved Sales After Evaluation] Canmax stated on an interactive platform that the company has developed new cathode materials, including high-voltage lithium cobalt oxide (LCO), high-nickel ternary cathode, lithium-rich manganese-based, and spinel nickel-manganese materials, centered around the core requirements of "high specific energy, high safety, high C-rate, long cycle life, and low cost" for battery cell material systems. These products are suitable for applications in solid-state and semi-solid-state lithium batteries. The lithium-rich manganese-based and other cathode materials developed by the company have completed R&D trials and been sent to multiple solid-state battery customers for evaluation, demonstrating high specific capacity and good stability within customer systems. Among them, some customers have achieved sales after evaluation. (Cailian Press) [New-Type Fuel Cell Prototype Device Validated with Triple Energy Density] Institutions including the Massachusetts Institute of Technology (MIT) in the US proposed a potentially breakthrough new technology solution and experimentally validated a new battery prototype device, which can achieve an energy density per unit weight more than three times that of the lithium-ion batteries currently used in electric vehicles (EVs). This achievement is expected to advance the electrification of transportation. Relevant research findings were published in the *Joule* journal on the 27th. (Cailian Press) Related Readings: [SMM Analysis] Domestic Lithium Carbonate Imports in April 2025 Released Battery Material Import and Export Data for April Released: Both Spodumene and Lithium Carbonate Imports Increased, with the Latter's Exports Surging! [SMM Special Report] Cobalt Product Quotations Collectively Decline: Refined Cobalt Falls by 6,200 Yuan, Smelters' Willingness to Sell Cobalt Intermediate Products Increases [Weekly Observation] Spot Price of Refined Cobalt Falls [SMM Weekly Review of Refined Cobalt Market] [SMM Weekly Review] Lithium Carbonate Prices Continue to Decline, Short-Term Market Remains Under Pressure [SMM Analysis] Can Titanium-Doped Iron Phosphate Be the Perfect Upgrade for the High-End Market? [SMM Analysis] China's Lithium Hydroxide Exports Reached 4,222 mt in April, Basically Flat MoM [SMM Analysis] China's Cobalt Intermediate Product Imports Increased Slightly in April [SMM Analysis] China's Unwrought Cobalt Exports and Imports Both Rose Sharply in April 2025 [SMM Analysis] Domestic Spodumene Imports Totaled 623,000 mt in April, Up 16.5% MoM [SMM Analysis] Both Imports and Exports of Artificial Graphite Increased MoM in April [SMM Data] Lithium Hexafluorophosphate (LiPF6) Import and Export Data for April 2025 [SMM Analysis] Analysis of Ternary Cathode Precursor Exports in April [SMM Analysis] Import and Export Data for Ternary Cathode in April Released: Imports Up 37% MoM, Exports Up 13% MoM [SMM Announcement] Adjustments to Weekly Data Points for Lithium Carbonate Before and After the Labour Day Holiday Driven by Multiple Positive Factors!The auto parts sector has seen a wave of "limit-up" rallies, with over 12 stocks hitting their daily price limits! [Hot Stocks] Refined cobalt quotes have slightly recovered, while Co3O4 prices continue to decline. The market awaits the follow-up to the June DRC ban. [Weekly Observations] [SMM Industry Insights] Global cobalt industry chain changes and Chinese market outlook following the DRC's cobalt export ban - Key points from the special speech by Wang Cong, General Manager of SMM Industry Research. The temporary suspension of tariffs has stimulated lithium carbonate futures to rise by over 3%. Can the expectation of a rush in exports help lithium carbonate "stand up"? [SMM Flash News] Retail sales growth of passenger vehicles in April reached a new decade-high, with auto production and sales in the first four months exceeding 10 million for the first time! [SMM Special Report]

[SMM Weekly Review of Lithium Electrolyte Market: Electrolyte Prices Declined This Week (April 28-30, 2025)] From May 6 to May 8, 2025, electrolyte prices declined. Given that it is difficult to achieve substantial improvement in the supply-demand relationship in the short term, the lack of strong stimulating factors in the industry, and the downward trend in raw material prices, it is expected that electrolyte prices will continue to decline slowly in the coming period.

In March 2025, China's lithium hexafluorophosphate (LiPF₆) industry experienced a positive trend, with production rising by 13% month-on-month and 51% year-on-year

In March 2025, China's electrolyte industry witnessed a positive development trend.

This week's black mass' price keep flucluate

According to Chinese customs data, China's cumulative lithium hexafluorophosphate exports in January 2025 reached 2,430 tons, marking a 13.5% month-on-month increase. In February, exports dropped to 1,486 tons, a 38.8% month-on-month decline. Imports were minimal, with 0.002 tons in January and 8.134 tons