This week, the prices of 314Ah and 280Ah energy storage battery cells slightly declined, while the prices of 100Ah and 50Ah energy storage battery cells remained stable.

Iron ore futures surged today. The most-traded contract I2501 finally closed at 707 yuan/mt, with a daily increase of 3.97%. Traders actively sold their stocks;

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Sep 12, 2024

The most common application of LMFP and ternary cathode materials in combination can achieve more balanced material properties. Compared to ternary cathode materials,LMFP's advantages lie in being more stable, safer, cheaper, and longer-lasting, while its disadvantage is slightly lower energy density. By combining and coating with ternary cathode materials, performance-complementary diversified products can be created for high-range electric vehicles.

Today, iron ore opened low and moved higher, fluctuating upward throughout the day. The most-traded contract I2501 closed at 694, up 1.09% over the day.