Stainless Steel Raw material cost efficiency comparison
These are stainless steel production costs by raw materials in February: stainless steel scrap (14,193.84 yuan/mt) and highgrade NPI (13,731.33 yuan/mt). Raw materials dipped amid falling prices of stainless steel finished products. Inquiry price of stainless steel scrap was flat, but 304 and 201 off-cuts scrap prices dropped several times. With waning impact of RKAB, high-grade NPI prices were dominated by fundamentals, but may decline to a limited extent
LiCarbonate Daily - March 28th
Spot market stable at 107,500-112,000 yuan/ton, futures rose 0.88% to 108,500 yuan/ton, with 199,520 lots traded.
Xiaomi EV’s SU7 all-electric sedan hits market, starting at 215,900 yuan
Xiaomi EV's first production model, the SU7 battery-electric sedan, officially hit the market on the evening of March 28.
Albemarle Lithium Mine Tender Analysis
The Albemarle spodumene tender held on March 26 has come to an end, with the final result being 9,372 yuan/ton (grade 5.76%, domestic spot tax included). The price is approximately US$1,198 after discounting by 6 grades and converted into CIF price, which is basically the same as the final transaction price in Pilbara on March 14. At the same time, Albemarle also stated that it will conduct another spodumene tender on April 24.
[Ferrari and SK On sign cooperation on batteries] & [CATL is working with Tesla to jointly develop new batteries]