Latest Update in the SMM Anode Materials Market

SMM December 29 News: According to data from December 27, the weekly total port arrivals of bauxite at domestic ports reached 3.66 million mt, an increase of 637,900 mt compared to the previous week. The weekly total port departures of bauxite from Guinea's main ports were 3.2006 million mt, an increase of 162,000 mt compared to the previous week. The weekly total port departures of bauxite from Australia's main ports were 1.1807 million mt, an increase of 448,400 mt compared to the previous week.

[SMM Analysis: Summary of LFP Market in December + Outlook for Next Year's LFP Market] Due to the better-than-expected demand in the September-October peak season and year-end off-season, the total LFP production in China in H2 2024 is expected to exceed that of H1 by approximately 70%. The market generally holds an optimistic outlook for next year's demand, but whether material manufacturers can make progress in price negotiations and end the two-year-long loss-making situation remains to be seen. LFP production in December saw a slight decrease compared to November, but the supply-demand gap remains significant, inventory levels are still high, and the industry's operating rate exceeds 50%. LFP prices in December remained relatively stable.

SMM, December 29: As of today, according to SMM's daily cost model calculations, the full cost of alumina rose to 3,404 yuan/mt, an increase of 197 yuan/mt (6.1%) compared to the beginning of the month and an increase of 637 yuan/mt (24.5%) YoY. Among them, bauxite costs increased by 206 yuan/mt (11.9%) compared to the beginning of the month and increased by 618 yuan/mt (47.1%) YoY.

[SMM Analysis: Medium-Heavy Rare Earth Prices Rise, When Will Ion-Adsorption Ore Supply Recover?] This week, medium-heavy rare earth prices began to rebound. As of this Friday, dysprosium oxide prices increased by 1.6% compared to Monday, while terbium oxide prices rose by nearly 1%.

[SMM Analysis: How Was the Silver Market Stockpiling Before the Holiday?] This week marks the last week of December, and downstream players as well as traders have generally entered the year-end accounting period. The industry chain has gradually been clearing inventory and conducting accounting. So, how was the market stockpiling situation?

[SMM Analysis: How Will Silver Prices Change in 2025?] The SMM 1# silver average price in 2024 rose by approximately 30% YoY. In H1, supported by rigid PV demand and market expectations of a US Fed interest rate cut, along with relatively loose market liquidity, silver prices surged significantly.

[SMM Analysis: Pr-Nd Prices Weaken Again, What Will Happen Before the Holiday?] This week, Pr-Nd prices showed a recovery trend. As of Thursday, Pr-Nd oxide prices increased by 1.9% WoW compared to last Friday. However, the good times did not last long. As Pr-Nd oxide prices surpassed 400,000 yuan/mt, some upstream suppliers began to show signs of price aversion.

[US Department of Energy Provides $1.45 Billion Loan Support for Qcells PV Manufacturing] The US Department of Energy has finalised a loan totaling $1.45 billion to support Qcells in building a PV supply chain manufacturing facility in Cartersville, Georgia...