Latest Update in the SMM Silicon Steel Market

In the fast-evolving landscape of energy storage, lithium remains a cornerstone due to its crucial role in battery technology. However, the price of lithium is subject to continuous fluctuation, which can significantly impact various facets of the energy storage industry. This article delves into the key factors influencing lithium prices and the subsequent ripple effects on energy storage solutions.

Ternary precursors are compounds consisting of three different elements, typically used in advanced material manufacturing and chemical processes. They serve as fundamental building blocks for complex functional materials used in electronics, energy storage, aerospace, and more. These materials often need to meet stringent quality and performance benchmarks, making the role of ternary precursors exceedingly crucial. The integrity of the final product is heavily dependent on the quality and consistency of these precursors.

Instead of the lithium ions found in traditional lithium-ion batteries, sodium-ion battery is a type of rechargeable battery that uses sodium ions as the charge carriers. Sodium-ion batteries are known for their ability to store and release electrical energy efficiently, which is related to their lithium-ion counterparts. However, one of the key advantages of sodium-ion technology is the abundance and low cost of sodium, which makes these batteries a promising candidate for large-scale energy storage solutions and applications in various industries.

Chromium is a lustrous, hard, steel-gray metal renowned for its high melting point and resistance to tarnishing. Found naturally in the Earth's crust, chromium is essential in various industries. It is a crucial component in the production of stainless steel, giving it the desirable characteristics of strength and corrosion resistance. Additionally, chromium is used in the manufacturing of superalloys, which are vital in the aerospace industry, and in electroplating to provide a shiny, decorative finish and enhance durability. Its utility extends to the pigmentation sector, where it is employed in creating vivid colors for paints and dyes.

According to SMM statistics, China's energy storage battery cell production in H1 2024 was 114.7 GWh, up 27% YoY from 90.2 GWh in H1 2023. In terms of shipments, H1 2024 energy storage battery cell shipments were approximately 111 GWh.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Jul 24, 2024

Under the agreement, Infineon will supply a comprehensive chipset solution for EVE Energy's next-generation BMS (battery management system).

On July 23, NIO introduced its Corporate Value System 3.0, updating its mission and vision to better align with current societal and environmental changes.