[SMM Analysis] DRC Cobalt Exports Surge, Shifting Near-Term Bargaining Power to Buyers

Australia Reviews Anti-Dumping Duties on Galvanized Steel from India, Malaysia, Vietnam Amid Zinc Concerns

On September 9, 2026, Australia initiated its second sunset review of anti-dumping measures on galvanized steel sheet from India, Malaysia and Vietnam, and separately launched a sunset review of countervailing measures on imports from India. The review covers July 2025-June 2026, with the final report expected by February 11, 2027. As galvanized steel is the largest end-use sector for zinc, the measures directly affect export costs and competitiveness, potentially impacting Australia’s domestic zinc demand and supply chain. Maintaining the duties would provide some protection for domestic steel and coating capacity, while termination could increase low-priced imports and affect regional zinc consumption. The final outcome remains subject to the authorities’ determination.

【SMM Analysis】 US Solar AD/CVD Case Nears Final Ruling, Threatening 6 GW Import Channel from India, Indonesia, and Laos

[SMM Analysis] August Korea ESS Market Review: Greater Demand Visibility as Grid Policies Take Shape

China Aims to Become Global Automotive Power by 2030 with NEV and Autonomous Tech Push

[MIIT and eight other departments: China to join ranks of world's automotive powers by 2030] The Ministry of Industry and Information Technology (MIIT) and eight other departments have issued the 15th Five-Year Plan for the Development of the Intelligent Connected NEV Industry. The plan proposes that by 2030, China's advantages across the entire intelligent connected NEV industry chain will be further consolidated, enabling the country to join the ranks of the world's automotive powers. In the Chinese market, passenger NEVs and commercial NEVs are expected to account for 70% and 40% of total new vehicle sales in their respective segments, and vehicles with autonomous driving functions will achieve large-scale application.

【SMM Analysis】Spot Price Floors Move Lower as Deep Off-Peak Hours Expand, Solar-Storage Signals Emerge in Shandong

"Lithium Battery Scrap Procurement Dips in August, LFP and LCO Prices Decline [SMM Analysis]"

[SMM Analysis] China's stainless futures cost floor starts sliding

 Solid-State Battery Weekly | Steady Progress — Cooling Hype, Stronger Efforts

SMM Daily Review: Spot lithium carbonate prices drifted lower on September 11

Today, SMM battery-grade lithium carbonate spot prices drifted lower compared with the previous working day. The lithium carbonate 2701 contract opened lower at 140,000 yuan/mt today. After the open, bulls briefly resisted, and the price shot up slightly to 140,400 yuan/mt. Subsequently, bearish pressure was released in a concentrated manner, and the price drifted lower, breaking below the average price line. Near midday, panic selling emerged, and the price accelerated its decline, hitting a low of 128,100 yuan/mt. In the afternoon, dip-buying entered at low levels, and the price gradually consolidated and rebounded, recovering part of the losses. Near the close, the price moved sideways around 135,000 yuan/mt, eventually closing down 4.99% at 134,800 yuan/mt, with open interest decreasing by 1,124 lots. In the spot market, as prices fell rapidly, downstream dip-buying and stockpiling willingness continued to strengthen. However, with upstream lithium chemical plants holding prices firm on spot orders and holding back from selling, the spot orders available in the market were limited. Overall, market inquiries were active, but actual transactions were relatively stable.