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2024 SMM Automotive Supply Chain Conference and Automotive New Materials Application Summit Forum

2024 NET ZERO PV Industry Conference

2024 NET ZERO CHINA FIELD TRIP

NET ZERO EUROPE - Solar & Energy Storage Summit

Indonesia Nickel & Cobalt & EV Industry Conference 2024

CLNB 2024 9TH CHINA NEW ENERGY EXPO

2024 SMM LME ASIA WEEK EVENT

2024 SMM (19th) Aluminium Conference & the First Aluminium Industry Expo

Li-ion Battery Americas 2024

SMM RECYCLED ALUMINUM FIELD TRIP

[SMM Analysis] China's import and export volume of ternary cathode materials decreased synchronously in June. Exports were down 9% MoM, and imports were down 11% MoM.

China allocates 300 billion yuan in special bonds to boost equipment upgrades, consumer goods trade-in programs

GAC Group, Luxshare-ICT’s joint venture goes into operation

Geely rolls off 20,000th set of in-house developed Aegis Short Blade Battery

Honda Motor to trim production capacity, speed up EV transition in China

[LG Chem's Operating Profit Declines by 34.3% YoY in Q2] On July 25, LG Chem released its financial results for the second quarter of 2024, reporting sales of KRW 12.2997 trillion and an operating profit of KRW 405.9 billion. Compared to the previous quarter, sales and operating profit increased by 5.9% and 53.4%, respectively. However, when compared to the same period last year, sales and operating profit declined by 14.2% and 34.3%, respectively.

LG Chem Reports 34.3% YoY Drop in Operating Profit for Q2 2024 Amid Sales Decline

[Porsche May Acquire Shares in Battery Enterprise] German battery manufacturer Varta AG is discussing two restructuring plans, which may involve the acquisition of shares by luxury sports carmaker Porsche. The two restructuring plans include a potential new investor plan (involving the current major Austrian shareholder Michael Tojner and Porsche) and another plan for financial creditors. Valued at 440 million euros (approximately 3.45 billion yuan), Varta said earlier this month that it was in negotiations with Porsche on the possibility of investing in its large-scale lithium-ion battery business unit, V4Drive. The two companies have signed a non-binding letter of intent for investment and are finalizing the details. If the cooperation is successful, Porsche will own a majority stake in V4Drive.

Porsche Eyes Majority Stake in Varta's V4Drive Battery Unit Amid Restructuring Talks

According to information feedback from the State Grid Corporation of China (SGCC), in order to accelerate the construction of a new-type power system, promote high-quality development of new energy, and drive large-scale equipment upgrades and renovations, SGCC's annual investment in power grids will exceed RMB 600 billion for the first time, with an additional RMB 71.1 billion compared to last year. The newly increased investment will primarily be used for the construction of UHV AC and DC projects, strengthening the connection between county-level power grids and the main grid, upgrading the digitization and intelligence of power grids, better ensuring power supply, facilitating the transmission of large-scale wind and photovoltaic bases in western regions, enhancing the disaster prevention and resistance capabilities of power grids, and improving services for the people's livelihood.

SGCC Boosts Annual Grid Investment to Over RMB 600 Billion for New Power System and Renewable Energy Development

[SMM Analysis] Recently, Tesla released its financial report for Q2 2024, showcasing significant growth in its energy storage business, which is gradually becoming a new growth engine for the company. In Q2 2024, Tesla achieved total revenue of US$25.5 billion, a year-on-year increase of 2.3%, with revenue from the energy storage business reaching US$3.014 billion, a year-on-year surge of 99.7%.

Tesla's Energy Storage Business Soars 99.7% YoY, Emerging as New Growth Driver in Q2 2024 Financial Report

[SMM Analysis: Jupiter Power Puts Energy Vault's BESS Project into Commercial Operation in ERCOT] Jupiter Power has completed a battery energy storage system (BESS) project provided by Energy Vault, a technology company and system integrator, in the ERCOT market in Texas and put it into commercial operation.

Jupiter Power Launches Energy Vault's BESS Project into Commercial Operation in ERCOT Market

[SMM Analysis: A Review of the First Half of 2024 in the Lithium Iron Phosphate Market - Thorns and Twists Make a Scenery] SMM News on July 26: According to SMM research, China's lithium iron phosphate (LFP) production in the first half of 2024 reached 705,200 tonnes, an increase of 42% year-on-year. Among them, the production of LFP by non-integrated enterprises was 337,790 tonnes, accounting for 47.9% of the total output.

SMM Analysis: 2024 H1 Lithium Iron Phosphate Market Review - Growth Amid Challenges Spurs Dynamic Landscape

SMM Webinar: Projecting Overseas Lithium Mine Price Support amid Price Declines and the Impact of Upcoming African Production

Virtual Tour of Battery Show Germany: Exploring the Overseas Lithium Battery Market

2024 ASEAN Automotive Supply Chain

Strategic Insights on Global Nickel Production and Indonesia's Rising Influence in the Nickel and Stainless-Steel Industry

SMM&AASC Free Webinar: Addressing China's Surplus and Strategies for Penetrating the Southeast Asian Market

SMM Free Online Webinar:Policy-led Lithium Battery Advancement:Comparing Strategies and Status Quo in Europe and North America

Navigating the Lithium Ore Oversupply: Analyzing Cost Support at Mines and Forecasting Global Capacity

Silicon Anode Market Dynamics Sharing: Next game-changer?

Is There Still Room For ESS Cells Price To Drop?

2024 China Base Metals Market Outlook After Two Sessions

Category	Price Description	Price Range	Avg	Change	Date
Raw Materials	Lithium Carbonate (99.5% Battery Grade) CNY/mt	82900-86800	84850	0	Jul 26
Raw Materials	Lithium Hydroxide (56.5% Battery Grade) CNY/mt	76900-81300	79100	-150	Jul 26
Anode material	Mid End Artificial Graphite（350-355mah/g） CNY/mt	23200-33900	28550	0	Jul 26
Cathode material	Lithium Iron Phosphate (Medium-end EV type) CNY/mt	37200-39000	38100	0	Jul 26
Battery separator	Wet-process Base Separator（9μm） CNY/㎡	0.71-0.88	0.8	0	Jul 26
Electrolyte	Lithium Hexafluorophosphate (R99.95%) CNY/mt	57500-60000	58750	0	Jul 26
Electrolyte	Electrolyte ( For LFP ) CNY/mt	17000-24500	20750	0	Jul 26

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