SMM

1. Raw material supply: The preparation of EMD mainly relies on the supply of raw materials such as manganate. Fluctuations in material prices, supply instability, or inconsistency in quality may adversely affect the production of EMD.
2. Environmental regulations: Environmental regulations impose stricter requirements on battery and electronic waste disposal, including environmental protection requirements for EMD production processes and waste treatment. This may increase the cost and complexity for producers.
3. Technological substitutes: Some emerging battery materials and technologies may become competitors to EMD, such as LFP. These substitutes may have higher performance in specific application areas, thereby affecting the market demand for EMD.
4. Market competition: The EMD market is highly competitive, with multiple manufacturers offering products of various specifications and qualities. Price competition may lead to a decline in profit margins. International trade impact: The instability of international trade situations and the uncertainty of tariff policies may affect the international trade and pricing of EMD.
5. Battery technology changes: Future developments in battery technology may impact the demand for EMD. For example, the emergence of new solid-state battery technology may reduce the demand for EMD.