Recently, PetroChina Shenzhen New Energy Research Institute Co., Ltd. issued a public negotiation announcement for the procurement of hydrogen production power supply and other components. According to the announcement, proton exchange membrane (PEM) electrolysis equipment for hydrogen production from water demonstrates high adaptability to intermittent power supplies, strong coupling with renewable power sources such as wind and solar power, and low operation and maintenance costs. In the process of green oxygen production for large-scale new energy bases in oilfields, large-scale PEM hydrogen production systems can significantly enhance the adaptability of hybrid hydrogen production systems to fluctuations in renewable power. Relying on the scientific research project "Development of a 200 Nm³/h PEM Electrolysis System for Hydrogen Production", PetroChina Shenzhen New Energy Research Institute Co., Ltd. intends to procure one set of hydrogen production power supply and other components compatible with a 200 Nm³/h PEM electrolyzer for the integration of a 200 Nm³/h PEM electrolysis system for hydrogen production. The hydrogen production power supply mainly consists of the following components: a rectifier power supply based on IGBT fully-controlled devices, a transformer, a switchgear cabinet, and connecting copper busbars or cables. The quotation method for this project is a fixed total price. The maximum price limit is 600,000 yuan (including 13% VAT). Consortium bidding is not permitted for this procurement.

【Lithium Prices Slump, Yet Saudi Aramco Bets Big on New Energy Future】 ① Saudi Aramco is set to expand its investments in lithium production as part of its efforts to diversify its business; ② Saudi Arabia plans to develop commercial lithium processing facilities for refining and exports within three to five years; ③ Last month, Saudi Aramco, Lihytech, and Saudi Arabian Mining Company successfully extracted lithium from brine samples taken from oil fields. (Cailian Press)

As reminded by a Caixin article on Tuesday evening, overnight and into the morning, overseas markets have been busy reassessing the prospects of the Middle East conflict, with the three major US stock indices collectively under pressure and declining. As of Tuesday's close, the S&P 500 fell 0.84% to 5,982.72 points; the Nasdaq Composite Index fell 0.91% to 19,521.09 points; and the Dow Jones Industrial Average fell 0.7% to 42,215.8 points. As a bellwether for the Middle East conflict, international oil prices surged again. (Daily chart of Brent crude oil, source: TradingView) According to CCTV News, as the military conflict between Israel and Iran continues, the market's focus has shifted to whether the US military will intervene. According to reports, US President Trump met with his national security team in the White House Situation Room on Tuesday to weigh whether to further intervene in the ongoing conflict between Israel and Iran. US Treasury bond prices also rose simultaneously, though this was also related to weak US retail, housing, and industrial output data. Later on Wednesday (early Thursday Beijing time), the US Fed will announce its latest interest rate decision and hold a press conference. The market generally expects that before a series of uncertainties that could trigger inflation are resolved, Fed officials will have no room to cut interest rates. Meanwhile, Andrew Tyler, head of global market intelligence at JPMorgan Chase, who successfully predicted the April rebound, said this week that despite the success of investors' strategy of buying the dip in the US stock market this year, with negative news always being rewarded after fading away, it is now best to reduce risk exposure. Regardless of the Israel-Iran situation, the US stock market itself is already ripe for a correction. The latest Bank of America Fund Manager Survey also shows that about 54% of institutional investors expect international stocks to be the best-performing asset class over the next five years, while only 23% choose US stocks. Performance of Popular Stocks Tech giants generally fell on Tuesday, with Apple down 1.4%, Microsoft down 0.23%, Amazon down 0.59%, Nvidia down 0.39%, Google-A down 0.46%, Tesla down 3.88%, and Meta down 0.7%. Chinese ADRs also weakened due to market sentiment, with the Nasdaq Golden Dragon China Index closing down 1.77%. As of the close, Alibaba was down 0.8%, JD.com was down 0.93%, Baidu was down 1.42%, Pinduoduo was down 0.25%, Bilibili was down 2.6%, NIO was down 2.27%, NetEase was down 1.12%, and Futu Holdings was down 1.47%. The "Traditional Chinese Medicine + Brain-Computer Interface" concept stock that captured market attention yesterday, Brain Regeneration Technology, continued to rise by 30%, reaching a market capitalization of $38.5 billion, with a cumulative increase of 59,900% since the beginning of the year. It should be emphasized that the core reason for the stock's speculative surge lies in its extremely small free float. Company News [Amazon CEO Issues Warning on "AI Taking Jobs"] On Tuesday local time, Andy Jassy, CEO of Amazon, the world's largest e-commerce and cloud computing platform, publicly wrote that as the company widely adopts AI to enhance efficiency, it is expected that the overall workforce will be reduced. [US Energy Giant Chevron Officially Enters Lithium Industry] US energy giant Chevron announced on Tuesday its entry into the lithium industry. The company acquired two oilfield areas with the intention of building a "commercial-scale" lithium business in the US. Chevron stated that in the future, it will utilize the "Direct Lithium Extraction" (DLE) process at oilfields to extract lithium from brine. [Coinbase to Seek SEC Approval for Tokenized Equities] Paul Grewal, Chief Legal Officer of Coinbase, a cryptocurrency exchange and newly added member of the S&P 500 Index, revealed that the company is seeking approval from the US Securities and Exchange Commission (SEC) to launch a "tokenized equities" service. [Eli Lilly to Acquire Gene-Editing Startup Verve for $1.3 Billion] On Tuesday Eastern Time, US pharmaceutical giant Eli Lilly announced that it would acquire gene-editing startup Verve Therapeutics for up to $1.3 billion. In response to this news, Verve's stock price closed up 81.50% on Tuesday. [JPMorgan Chase Launches Deposit Token JPMD, Emphasizing It's Different from Stablecoins] JPMorgan Chase stated on Tuesday that it plans to launch a so-called deposit token, JPMD, on Coinbase's public blockchain Base, which is built on the Ethereum network. The token will provide customers with 24/7 settlement services and the ability to pay interest to holders. The Wall Street giant stated that this is a so-called "permissioned token," meaning it is limited to JPMorgan Chase's institutional clients only—different from most publicly circulating stablecoins. [Tesla's Stock Falls Due to Temporary Production Halt News] Tesla's stock price fell by 3.88% on Tuesday amid news that the company would suspend production of the Cybertruck and Model Y car models at its Austin, Texas, factory for a week. It is reported that the production halt for maintenance will begin on June 30, marking the third similar shutdown at the Austin factory in the past year. [Meta to Launch AI Glasses in Collaboration with Prada and Oakley] Market news on Tuesday reported that Meta and its AI glasses partner EssilorLuxottica plan to launch new AI glasses products under the Prada and Oakley brands. Meta had already announced on Monday that it would unveil a new collaboration with Oakley this week, focusing on sports scenarios. [Intel Reportedly to Cut Up to 20% of Employees in Its Foundry Division] An internal memo disclosed by the media on Tuesday revealed that Intel plans to reduce its workforce in the foundry business unit by 15% to 20% starting from July. It remains unclear how many employees will be directly affected by this move. Regulatory filings indicate that as of the end of last year, Intel had a total of 108,900 employees.

On June 11, the 24th Shanghai International Power Equipment and Generator Set Exhibition (GPOWER 2025 Shanghai Power Expo) opened in Shanghai. As a bellwether in the global power sector, the Shanghai Power Expo has always been a key platform for industry exchanges and innovation displays, witnessing numerous technological breakthroughs and industrial transformations. YUANCHENG Methanol-Hydrogen Power made another appearance at the Shanghai Power Expo, showcasing its latest methanol-hydrogen electric power solutions that cover the full range of scenarios from 20kW to 420kW. It also unveiled two star products on-site: the YUANCHENG Mobile Power Supply Vehicle and the YUANCHENG Energy Replenishment Station, achieving efficient power supply with green fuel and uninterrupted energy replenishment for 24 hours, attracting the attention of numerous industry experts and exhibition guests. At the exhibition site, Xing Min, Executive Vice President of the China Internal Combustion Engine Industry Association, delivered a speech on-site, highly affirming the YUANCHENG methanol-hydrogen electric system and giving high praise to YUANCHENG's methanol-hydrogen electric products: "Methanol-hydrogen electric power is a new achievement in the diversified development of power and energy. Methanol fuel, with its advantages of being clean, renewable, and low-cost, has received strong support and promotion from the state. The methanol-hydrogen electric system achieves reductions in carbon emissions and energy consumption costs, which is of great significance to national energy security and industrial development." Centering around the construction of the methanol-hydrogen ecosystem, YUANCHENG has joined hands with industry chain partners. Vice President Xing Min, along with the guests present, witnessed the strategic signing of a contract for 528 methanol-hydrogen electric systems between YUANCHENG and its strategic partners. Through collaboration and synergistic innovation, both parties will promote the application of methanol-hydrogen electric technology in more fields and jointly usher in a new era of methanol-hydrogen power. At the exhibition site, the YUANCHENG Mobile Power Supply Vehicle and the YUANCHENG Energy Replenishment Station made their grand debut. By replacing traditional diesel generators with methanol-hydrogen electric generator sets, they offer a green, environmentally friendly, efficient, and economical solution for the power generation industry, providing new operational solutions. The YUANCHENG Mobile Power Supply Vehicle is not restricted by site or power grid. It uses green methanol fuel for mobile power supply and can provide uninterrupted energy replenishment for 24 hours. It solves the problem of charging and energy replenishment difficulties for new energy electric vehicles during peak travel periods on holidays and in remote areas. The vehicle is equipped with a 320kW methanol-hydrogen electric generator set, adopting lean-burn technology and a high-compression-ratio, high-tumble combustion chamber structure, with lightweight and modular designs for the cylinder head cover, oil pan, crankcase ventilation, etc. It achieves efficient combustion and low-carbon operation, reducing NOx by ≥98%, PM by ≥97%, and CO by ≥93%, while also offering better economic efficiency. The power generation cost of the mobile power supply vehicle is more than 50% lower than that of diesel. The YUANCHENG Mobile Power Supply Vehicle is equipped with a charging pile featuring 4 guns. The charging pile dynamically adjusts charging parameters based on data provided by the EV's battery management system, supporting the optional AC grid-connected power supply function. The configured charging pile supports a maximum output current of 250A and a maximum output power of 320kW, capable of simultaneously charging 4 EVs. Moreover, the charging pile is built into the vehicle's compartment, allowing for flexible deployment and on-call service. The multiple noise-reduction design (such as impedance composite mufflers, vibration isolation cushions, optimized air ducts, and sandwich cabin structures) effectively ensures a quiet charging environment. To meet the power supply needs of specific scenarios such as oilfields, Yuanchun's energy replenishment stations adopt a distributed multi-unit methanol-hydrogen electric system for grid connection, providing stable output and lower TCO costs. The operating cost is 1.14 yuan/kWh. Based on an annual operating time of 6000 hours, methanol-hydrogen electric charging piles can save 2.894 million yuan in annual fuel costs compared to diesel charging piles, allowing for the recuperation of the cost of an additional energy replenishment station within just one year of operation. Remote methanol-hydrogen electric power boasts several outstanding advantages: in terms of technological innovation, it applies technologies such as high compression ratios, high-energy ignition, high-tumble combustion chambers, optimized intake and exhaust systems, and turbocharged intercooling to achieve efficient combustion and robust power; in terms of economy, it precisely optimizes combustion through technologies like closed-loop control of the theoretical air-fuel ratio, offering a cost-effective and low-cost usage experience. It has a wide range of application scenarios, not only fitting various types of commercial vehicles but also successfully applied to construction machinery such as excavators, loaders, and cranes, as well as mining trucks, ships, and generator sets, providing high-value solutions for the full-scenario application of new energy. Especially in the shipping sector, remote methanol-hydrogen electric shipping solutions cover ship types ranging from 1000 to 15000 mt. Compared to pure electric solutions, they offer longer driving ranges and lower initial investments, enabling clean electric drive in offshore, river, and lake environments while enjoying policy subsidies, making them the preferred power source for green shipping. Taking an 80-meter, 2000-mt inland river cargo ship as an example, equipped with 2×280kW methanol-hydrogen electric systems + 290kWh batteries + 300kW dual motors, fuel costs are reduced by nearly 50% compared to diesel. Compared to pure electric ships, the increased cost of the power system can be recouped within 5 years. At this year's Shanghai Power Expo, multiple partners showcased their flagship products equipped with remote methanol-hydrogen electric systems, becoming the undeniable focus of attention. The "circle of friends" within the remote methanol-hydrogen electric ecosystem is continuously expanding. In the future, Yuanchun will continue to drive technological innovation and industrial collaboration, deepen full-scenario layouts, contribute core strength to the global power technology revolution and green low-carbon development, and accelerate the comprehensive arrival of the methanol-hydrogen era.

【BYD of China Acquires Mining Rights for Lithium Mines in Brazil】 According to public records reviewed by Reuters, Chinese EV manufacturer BYD acquired mining rights for two plots of land in lithium-rich regions of Brazil in 2023, marking its entry into the mining sector in its largest market outside China. This acquisition represents BYD's most concrete step to date in mining strategic minerals in the Western Hemisphere. The documents show that this previously undisclosed acquisition of mining rights was completed at the end of 2023, with the buyer being BYD's subsidiary, Exploracao Mineral do Brasil, which was established in May of the same year. Source: Compiled from company announcements 【 Ganfeng Lithium Starts Lithium Production at Mariana Project in Argentina】 Ganfeng Lithium announced on Wednesday that its Mariana project in northern Argentina has commenced lithium production, one of several lithium projects the company is advancing in the South American country. Ganfeng Lithium, one of the world's largest lithium producers, primarily supplies lithium for rechargeable battery manufacturing. The Mariana plant, located in Salta Province, represents a total investment of $790 million and has an annual capacity to extract 20,000 mt of lithium chloride from the Llullaillaco salt lake. Additionally, Ganfeng Lithium invested $190 million to build a solar park to meet the plant's energy needs. In a statement, Wang Xiaoshen, President of Ganfeng Lithium Group, said that the company's other lithium projects in Argentina are also progressing steadily. Among them, the Pozuelos-Pastos Grandes project is expected to begin construction this year, while the Incahuasi-Arizaro project is in the exploration phase. Furthermore, Ganfeng Lithium jointly owns the operational Cauchari-Olaroz project with Lithium Americas and is conducting feasibility studies for the Pastos Grandes project. Source: Compiled from company announcements 【Kodal Minerals Produces First Spodumene Concentrates at Bougouni Project】 According to Reuters, Kodal Minerals, a mineral exploration and development company, announced that its Bougouni lithium project in southern Mali has produced its first spodumene concentrates. The concentrates, with a grade of 5.53% Li2O, were produced during the DMS plant commissioning phase, meeting expectations. The commissioning process included water testing and the introduction of pegmatite ore, with construction costs remaining within the $65 million budget, leaving only minor optimization work. Open-pit mining activities at the Ngoualana deposit are progressing smoothly, with over 350,000 mt of ore stockpiled at an average grade of 1.17% Li2O. Mining and processing operations at Bougouni have commenced 24/7 continuous operations. The Malian Ministry of Mines has approved the transfer of the mining license, with a new mining decree awaiting presidential signature. Kodal Minerals CEO stated that this production marks a significant milestone, with the commissioning and stress testing of the processing plant expected to be completed in the coming weeks. The company aims to achieve nameplate capacity and steady-state production, with the first shipment to Hainan, China, anticipated by the end of this quarter. Source: Compiled from company announcements 【New Technology Promises to Significantly Extend Lithium-Ion Battery Life】 A research team from Fudan University has developed a new technology that significantly extends the lifespan of lithium-ion batteries, maintaining near ex-factory performance even after 12,000 charge-discharge cycles. This groundbreaking achievement was led by Peng Huisheng and Gao Yue, with the findings published in the prestigious international journal *Nature*. The core of this technology is a new-type lithium-ion carrier molecule designed through a combination of artificial intelligence (AI) and organic electrochemistry. Researchers liken this molecule to a "drug" that can be "injected" into aging batteries to precisely replenish lost lithium ions, thereby restoring battery capacity. The molecule has a simple structure, with one end carrying lithium electrons and the other acting as a transport vehicle to deliver lithium electrons into aging batteries, eventually being expelled as gas. Additionally, this technology breaks the traditional limitation that battery materials must contain lithium, paving the way for the use of more environmentally friendly, heavy-metal-free materials in battery manufacturing. Experimental results show that batteries using this technology experience only a 4% capacity decay rate after 12,000 charge-discharge cycles, compared to a 30% decay rate for current EV batteries under similar conditions after just 2.73 years of use. Researchers estimate that this technology could extend the cycle life of typical lithium-ion batteries from the current 500-2,000 cycles to 12,000-60,000 cycles. The team has already partnered with leading domestic battery companies to apply this technology to practical lithium-ion battery devices. Source: Compiled from public information 【Weardale Lithium Secures Planning Permission for the UK's Largest Lithium Extraction Facility】 Weardale Lithium has received unanimous approval from Durham County Council to build the UK's largest lithium extraction facility in Eastgate, County Durham. This decision marks a significant step for the UK in transitioning to domestic lithium production, reducing reliance on imported battery-grade lithium carbonate, a critical component for EV batteries and renewable energy storage. The facility will be constructed on the site of a former cement plant that closed over 20 years ago, representing a major redevelopment project. By utilizing the brownfield site with existing infrastructure, the project aligns with sustainability goals while boosting the local economy. Weardale Lithium's extraction facility will produce battery-grade lithium carbonate using geothermal brine from the North Pennine Orefield. The company plans to scale annual production to at least 10,000 mt, significantly strengthening the UK's lithium supply chain. The facility will employ advanced direct lithium extraction (DLE) and carbonisation processes to produce high-purity lithium carbonate on-site. This continuous-flow demonstration plant will serve as a testbed for optimizing lithium extraction methods while providing various battery-grade samples for customer validation and sales agreements. Weardale Lithium is committed to sustainable lithium production, leveraging DLE technology known for its low environmental impact, minimal water usage, and lower carbon emissions compared to traditional extraction methods. The company also pledges to use renewable energy wherever possible to further enhance sustainability. The project's approval represents a multi-million-pound investment in the regional economy. In its initial phase, it will create 20-50 jobs, with additional employment opportunities in local construction and supply chains. Once the facility reaches full commercial production, it is expected to create approximately 125 high-skilled jobs and contribute around £1 billion in total gross value added (GVA) to the North-East region. Weardale Lithium CEO Stewart Dickson stated: "This planning permission is a significant milestone for Weardale Lithium and the UK's electrification goals. The project aligns with the UK government's critical minerals strategy and battery strategy, recognizing lithium as a key mineral for the energy transition and meeting the growing demand for EVs and battery energy storage systems." Source: Compiled from company announcements 【Chinese Companies Expand Influence in Nigeria's Lithium Industry】 According to Mining.com, two Chinese companies—Canmax and Jiuling Lithium—have taken control of a Nigerian company named Ganfeng Mining as part of a major global lithium industry initiative. This acquisition, completed in mid-2024, aims to strengthen China's foothold in Nigeria's emerging lithium industry, which is becoming increasingly important for global EV battery production. Chinese involvement in Nigeria's lithium industry aligns with the broader industry trend of securing lithium raw material supplies, especially amid expectations of surging demand. Despite lithium prices plummeting nearly 90% since 2022, Chinese companies have significantly increased investments in Africa. Canmax plans to develop two new lithium mine projects in northern Nigeria, investing over $200 million in collaboration with Tricrown Mining Ltd. Canmax, a globally renowned lithium producer, was founded by Pei Zhenhua, a key figure in the global EV market, and maintains close ties with leading EV battery manufacturer CATL. Nigeria boasts abundant untapped mineral resources, including lithium, gold, and tin, but mining operations remain small-scale and primarily rely on artisanal methods. Through a groundbreaking agreement with Nigerian authorities, Ganfeng Mining secured lithium mining rights for the next decade, with licenses controlled by the Nasarawa State Government. A new processing plant is under construction in the state, with the first phase expected to be completed by mid-2025 and further expansion planned later that year. These developments align with shifts in China's lithium export patterns. According to IndexBox data, China's lithium carbonate exports plummeted from $518.3 million in 2023 to $65.7 million in 2024, reflecting a strategic pivot toward domestic utilization and partnerships like those in Nigeria. Despite reduced exports, China continues to import significant quantities of lithium carbonate, with imports from major suppliers such as Chile and Argentina valued at $2.6 billion in 2024. While Canmax, Jiuling Lithium, and Nigerian authorities remain tight-lipped about Ganfeng Mining's production plans or output levels, these moves demonstrate a well-considered response to lithium market dynamics and set a precedent for future resource acquisition strategies. Source: Compiled from media reports and public information