According to Cailian Press, Changgao Electric (002452.SZ) announced that four subsidiaries, including its wholly owned subsidiaries Hunan Changgao Electric Co., Ltd. and Hunan Changgao High Voltage Switch Co., Ltd., collectively won tenders worth 181 million yuan for three categories of products—combined electrical appliances, disconnectors, and switchgear—in the State Grid Corporation of China's 2026 power transmission and transformation project tender. The winning bid amount accounted for 10.31% of the company's audited consolidated operating revenue in 2024. After the contracts are signed, they are expected to have a positive impact on the company's operating performance in 2026 and will not affect the company's independence.

Recycling Industry Events This Week (December. 29-31)

Recycling Industry Events This Week (December. 29-31)

Zijin Mining's 2025 annual report sent a clear industry signal: its lithium business has officially moved from strategic reserve to the stage of scaled monetization.

According to China Weather Network, the National Meteorological Center continued to issue a yellow alert for severe convective weather at 6:00 on March 30: From 8:00 on March 30 to 8:00 on March 31, parts of eastern south-west China, the central and eastern parts of Jiangnan, and South China will experience thunderstorm gales above force 8 or hail. Among them, parts of southeastern Hunan, southern Jiangxi, central and eastern Guizhou, central and northwestern Guangdong, and other areas will experience thunderstorm gales above force 10, with maximum wind speeds reaching above force 11, and the possibility of tornadoes cannot be ruled out in some localities.

Overall, amid the structural adjustment of shifting demand across global regions, China’s prebaked anode exports could offset the pressure from weakening demand in traditional markets through market structure optimization and a shift in the center of orders, coupled with its own capacity and supply chain advantages. Full-year China prebaked anode exports are expected to maintain a certain increase.

This week, the tungsten market showed a divergent trend with mild corrections in domestic prices and a contrarian rise in overseas APT prices. Domestic tungsten concentrate and midstream product prices remained relatively firm, while scrap tungsten prices dropped sharply as profit-taking emerged. Supported by a tight supply-demand balance, overseas markets strengthened, further widening the price gap between domestic and international markets.

Recently, the engineering construction acceptance inspection website published the environmental protection acceptance inspection for the "Annual 100,000-ton Spent Lithium Battery Recycling, Dismantling, and 20,000-ton Spent Lithium Iron Phosphate Powder Recycling Comprehensive Utilization Project" undertaken by a new energy technology company in Hunan, indicating the project is about to enter the production phase. The project will involve renovating an existing 2,000-ton lithium iron phosphate production line, replacing raw materials, auxiliary materials, and production equipment, and adding new equipment. Using 20,000 tons of spent lithium iron phosphate powder as the primary raw material.

Recently, the Engineering Construction Acceptance Publicity Website released the first public notice for the environmental impact assessment of the New Energy Spent Lithium Battery Processing and Utilization Project, undertaken by a new material technology company in Hunan. The project will lease existing factory buildings in the Shigaitang area of the Chenzhou Economic Development Zone in Hunan to build a production line capable of recycling 50,000 tons of spent power lithium batteries annually. Covering approximately 4,163 square meters, the project will lease two production workshops and construct two spent lithium battery dismantling and recycling lines, leveraging the lithium ore resources in Chenzhou.

Recently, the Engineering Construction Acceptance Publicity Website published the environmental acceptance notice for the "100,000-ton-per-year Spent Lithium Battery Recycling and Dismantling and 20,000-ton-per-year Spent Iron Lithium Powder Recovery Comprehensive Utilization Project" undertaken by a company in Tianjin, Hunan. This milestone indicates the project is about to enter the production phase.