Latest Update in the SMM Energy Storage Market

[Shaanxi: PV Guaranteed Purchase Reduced to 293 Hours, Full Purchase for Distributed Projects] On December 31, 2024, the Shaanxi Provincial National Development and Reform Commission (NDRC) issued the "Notice on the 2025 Priority Power Generation Plan for Power Grid Power Generation Enterprises in Shaanxi." According to the notice, distributed, pioneer, and poverty alleviation PV projects will be fully purchased, while conventional PV projects will be partially purchased, with all others entering the electricity market-based transactions. (Shaanxi Provincial NDRC)

【0.69 yuan/W! Gokin Solar Wins Guangzhou Zhidu New Energy PV Module Procurement Order】On December 31, 2024, the winning bid result for Section 1 of Guangzhou Zhidu New Energy Co., Ltd.'s 2024-2025 first batch PV module concentrated procurement project was announced. The winning company is Gokin Solar Co., Ltd., with a winning bid price of 20.7 million yuan and a unit price of 0.69 yuan/W. (Polaris Solar PV Network)

[Lowest Price 1.35 Yuan/W! Winning Candidates for Shandong Huadian Lightweight Module Procurement Announced] On December 31, the winning candidates for the lightweight module procurement of the Shandong Huadian Longkou Langao Distributed PV Power Generation Project were announced. The first winning candidate is Shanghai Pincheng Jingyao PV Technology Co., Ltd., and the second winning candidate is Sunman (Zhenjiang) New Energy Technology Co., Ltd., with the lowest price being 1.35 yuan/W. (Polaris Solar PV Network)

[SMM Analysis: Magnesium Prices Consolidate at Low Levels, Losses Persist, December Magnesium Ingot Production Down 6.4% MoM] According to SMM data, China's magnesium ingot production in December 2024 decreased by 6.4% MoM...

The steel scrap purchase price adjustment of Anyang Iron & Steel in Henan has been updated today. If needed, feel free to contact us!

Overnight, LME copper opened at $8,855/mt, initially reaching a high of $8,883/mt before trending downward, hitting an intraday low of $8,757/mt.

LFP production in December 2024 exceeded expectations, with a slight MoM decrease. In December 2024, China's LFP production was down 3.62% MoM, up approximately 190% YoY, and the overall operating rate slightly declined to 61%.

[Ronbay Technology: Sodium-Ion Battery Expected to Achieve Large-Scale Implementation Next Year, Advancing Cooperation with Downstream Humanoid Robot Clients] ① The manganese iron lithium product has secured orders for thousands of units of vehicles from leading power battery enterprises; recently, a bulk procurement agreement for sodium-ion battery cathode materials has been signed with a sodium-ion battery enterprise, and large-scale implementation is expected next year. ② The second phase capacity of the South Korea factory is undergoing commissioning and is expected to commence production in early 2025; the first phase of the European factory is likely to be completed by the end of 2025, and the registration of the North American subsidiary has been completed. (Sci-Tech Innovation Board Daily)