Latest Update in the SMM Used Lithium-ion Battery Market

With Gasgoo Daily, we will offer daily important automotive news in China.

Chinese smart electric vehicle manufacturer NIO recently released the official image of the ET9 model’s mass-produced version on its Weibo account, a Twitter-like social media platform.

On December 18, NIO officially completed its battery swapping network that covers China's 9 north-south and 9 east-west main highways, connecting all major cities across the country, according to a po...

On December 18, Huawei's Harmony Intelligent Mobility Alliance (HIMA) announced that the year-to-date deliveries of the new AITO M7 SUV model had surpassed 190,000 units.

On December 16, Audi put the 2025 Audi Q7 onto the Chinese market, with five trim levels available, priced between 609,800 yuan and 804,800 yuan, according to a press release on the company’s offici...

[December 19 SMM China Rare Earth Market Daily] Today, rare earth prices continued to fluctuate downward. Before midday, some suppliers actively lowered their prices for quotations, and transaction prices kept hitting new lows. However, after midday, suppliers reduced their shipments, and some buyers showed increased willingness to take orders as Pr-Nd prices dropped to 390,000 yuan/mt. Although a small number of low-priced supplies from traders still flowed into the market, the actual transaction range narrowed significantly.

[SMM Commentary: US Fed's "Hawkish Rate Cut" Hits Precious Metals, Intense Back-and-Forth Negotiations Persist in Spot Silver Market] The US Fed cut interest rates by 25 basis points as expected during its December policy meeting. However, Fed Chairman Jerome Powell stated that when considering the future path of rate cuts, Fed policymakers want to see more progress in reducing the inflation rate. The Fed's published interest rate "dot plot" indicates that only two more rate cuts are expected by 2025. Compared to the September dot plot forecast, the planned number of rate cuts has been halved—at that time, four rate cuts were expected next year. The Fed's "hawkish rate cut" has put pressure on precious metals.

[SMM Magnesium Ingot Spot Bulletin: Supply and Demand Stalemate, Magnesium Prices Fluctuate Downward] SMM reported on December 19 that the mainstream quotations of magnesium ingot smelting enterprises in the market were 16,000-16,100 yuan/mt, and the mainstream transaction prices were concentrated at 15,950-16,000 yuan/mt...