Latest Update in the SMM Chemical Compound Market

In October, the prices of lithium battery separators in China fluctuated downward.

SMM, November 28: According to the latest data from the General Administration of Customs, China exported 310.5 mt of LFP in October 2024, down 42% MoM, up 1,453% YoY.

On November 25, Ganfeng Lithium disclosed in its latest investor relations activity record that the company's lithium battery segment currently generates revenue primarily from power energy storage, followed by consumer electronics batteries.

In October 2024, the export volume of NEVs was 200,000 units, with a YoY growth rate of 1% and a MoM growth rate of 10%. From January to October 2024, the cumulative export volume of NEVs reached 1.72 million units, up 15% YoY.

A tab is a metal conductor that draws out the positive and negative electrodes from the battery cell. Simply put, it is the "ear" of the battery's positive and negative poles, serving as a contact point during charging and discharging.

China's automotive industry continues to show strong growth in the international market.

On November 27, the most-traded lithium carbonate 2501 contract fell by 0.76%.

Last Thursday, South Korean chemical company LG Chem announced that it has signed a preliminary agreement with US energy giant ExxonMobil, under which the latter will supply up to 100,000 mt of lithium carbonate to the former.