Core Viewpoint - The Ministry of Finance and the State Taxation Administration announced changes to the export tax refund policies for photovoltaic and battery products, which will impact the industry starting from April 1, 2026 [1]. Summary by Relevant Sections - **Export Tax Refund Changes**: From April 1, 2026, the export tax refund for photovoltaic products will be canceled. For battery products, the export tax refund rate will be reduced from 9% to 6% until December 31, 2026, after which it will also be canceled [1]. - **Consumption Tax Policy**: The announcement specifies that the consumption tax policies for the products listed will remain unchanged, continuing to apply the consumption tax refund (exemption) policy for products subject to consumption tax [1]. - **Export Date Definition**: The applicable export refund rates for the products will be determined based on the export date indicated on the customs declaration [1].

Market Overview - As of January 9, the spot settlement guidance price for battery-grade lithium carbonate (99.5%) is 142,000 CNY/ton, unchanged from the previous working day, while some traders have slightly raised their quotes [1] - The settlement guidance price for battery-grade lithium hydroxide (56.5% coarse particles) is 120,000 CNY/ton, also unchanged from the previous working day [1] - On the futures market, lithium carbonate futures opened lower but closed higher, with the main contract price at 143,420 CNY/ton, an increase of 20 CNY from the previous day, although the position volume has decreased [1] Price Trends - The January 9 prices for various lithium products are as follows: - Lithium concentrate: 1,920 CNY/ton, up 20 CNY from January 8 - Battery-grade lithium carbonate: 142,000 CNY/ton, unchanged - Lithium hydroxide: 120,000 CNY/ton, unchanged - Lithium iron phosphate: 5.08 CNY/kg, unchanged - Ternary materials: 18 CNY/kg, unchanged [2] Market Sentiment - The sentiment index for the lithium carbonate market is at 53.6, indicating a generally optimistic outlook, although it has slightly declined from earlier in the week [5] - Some downstream companies believe that 150,000 CNY/ton is a peak price, and a price correction is expected, while others remain confident in the upward trend despite inventory increases [5] Industry Developments - Rio Tinto, the world's third-largest lithium miner, is reportedly in talks with Glencore regarding a potential merger that could involve part or all of their businesses [7] - Tianqi Lithium has announced an increase in its commodity futures hedging business limit to no more than 300 million CNY [7] - The total bidding scale for energy storage in 2025 is projected to be 447.5 GWh, a year-on-year increase of 113.2%, with non-collective procurement projects expected to reach 371.7 GWh, up 179.9% year-on-year [7] Market Outlook - The lithium carbonate market is at a crossroads, with manufacturers debating whether to hold their positions or reduce production. The impact of other commodity price adjustments and the recent inventory increases on market sentiment remains to be seen [8] - The short-term outlook for the lithium carbonate market is expected to remain strong with fluctuations [8]

0 2 会议背景 关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 2026国际电池产业大会 2026国际电池产业大会 会议时间：2026年4月22-24日 会议地点：马来西亚·吉隆坡 会议主办：鑫椤资讯 会议协办：厦门大学、LIRA 路易斯碱添加剂用于锂金属负极界面改性 会议安排 在全球能源转型加速推进的浪潮下，电池产业作为新能源汽车、储能系统等战略性新兴产业的核心支 撑，正迎来需求激增与技术革新并存的黄金发展周期。据ICC鑫椤资讯预测，2026年的增长率将达到 30%，其中储能领域增速更是有望达到48.3%，呈现出"海内外需求双轮驱动、上下游产业链协同爆 发"的盛况。与此同时，全球电池产业格局正经历深刻重构，原材料供应链韧性、国际贸易壁垒应对、 绿色低碳生产等成为行业共同面临的关键课题。 马来西亚凭借优越的地理位置、友好的投资政策及完善的产业支持体系，已成为全球电池产业链布局的 重要枢纽。截至2025年，中国电池产业链企业在马来西亚投资金额超过260亿元，涵盖电池电芯、隔 膜、负极材料等全产业链环节，形成了较为完整的产业生态。在此背景下，东南亚新兴市场的崛起为全 ...

Core Viewpoint - Cabot Corporation has signed a multi-year supply agreement with PowerCo SE to provide advanced conductive carbon black and conductive pastes for electric vehicle batteries, enhancing battery performance and supporting the development of next-generation electric vehicles [1]. Group 1 - Cabot Corporation is a leading manufacturer of specialty chemicals and high-performance materials [1]. - The agreement aims to improve battery conductivity and efficiency, leading to higher energy density, faster charging capabilities, and longer cycle life for lithium-ion batteries [1]. - The conductive agent solutions are specifically designed to support the performance enhancement of electric vehicle batteries [1].

Core Insights - The article highlights the significant surge in lithium battery material prices, with lithium carbonate futures exceeding 140,000 yuan/ton and copper prices surpassing 100,000 yuan/ton, which is expected to benefit the sodium battery industry [1] - The "sodium-lithium dual-star" pattern is emerging, with major players like CATL planning large-scale applications of sodium batteries in various sectors by 2026 [2] - The sodium battery industry is projected to see substantial growth, with an expected shipment of approximately 3.5 GWh in 2025, nearly doubling year-on-year [3] Price Trends - The current price for battery-grade lithium carbonate is around 142,000 yuan/ton, while copper foil costs are also rising due to increased copper prices [1] - Sodium battery prices are detailed, with various types of sodium battery cells priced between 0.38-0.6 yuan/Wh, indicating a competitive pricing landscape [5] Industry Developments - CATL's supplier conference announced plans for sodium battery applications in multiple sectors, indicating a strategic shift towards sodium technology [2] - Qingna Technology has begun shipping its first batch of sodium-ion batteries to Europe, with a projected procurement of 5 million units by 2026 [2] - Haishida Sodium Star has secured over 100 million yuan in strategic financing, showcasing strong investor interest in sodium battery technology [2] Future Outlook - The sodium battery production in China is expected to reach 11.7 GWh by 2026, with a significant portion coming from polyanionic products [4] - The industry is entering a phase of accelerated capacity deployment, technological breakthroughs, and expanded applications, with major companies like EVE Energy and CATL leading the charge [6]

Core Viewpoint - The rapid expansion of the global electric vehicle and energy storage industries is driving a significant increase in the demand for anode materials, with China's anode material shipments expected to reach approximately 2.9 million tons by 2025 and a projected growth rate exceeding 30% in 2026, reaching around 3.7 million tons. Graphite anodes remain the mainstream choice for power batteries due to their excellent cycle stability [1][3]. Group 1 - The integrated project of Baichuan Co., Ltd. for producing 100,000 tons of anode materials (100,000 tons of graphitization) has been fully put into production, with capacity expected to surge in 2026, effectively addressing the supply tightness in high-end graphitization capacity and providing stable supply assurance for downstream enterprises [1][3][6]. - Baichuan Co., Ltd. benefits from cost advantages due to its energy cost benefits at the Ningdong base, being one of the few companies in China to achieve integrated production from needle coke to anode materials (graphitization), which helps mitigate raw material price volatility and reduce logistics and processing costs [3][6]. - In 2026, Baichuan Co., Ltd. plans to deepen strategic cooperation with downstream power battery and energy storage companies, continuously advancing technological iterations to ensure supply chain security and stability in the new energy industry [6][8]. Group 2 - The 100,000 tons of anode materials (100,000 tons of graphitization) capacity of Baichuan Co., Ltd. not only marks a new starting point for the company's development but also serves as a stabilizing force for the new energy industry's supply chain [8].

Industry News - The new annual price negotiations for lithium iron phosphate have made significant progress, with the first batch of price increases confirmed. Most customers have accepted a processing fee increase of 1,000 yuan/ton, while some major clients are still in negotiations [1][7] - The Ministry of Commerce has announced strengthened export controls on dual-use items to Japan, including artificial graphite materials and products, which are subject to specific purity and strength criteria [2][4] - Guoxuan High-Tech has commenced construction on a project for the annual production of 200,000 tons of lithium iron phosphate cathode materials and 10,000 tons of silicon-carbon anode materials in Anhui Province [3] Market Prices - Domestic lithium carbonate prices have continued to rise, with the futures market reaching over 140,000 yuan/ton. The latest prices for battery-grade lithium carbonate are between 139,000 and 145,000 yuan/ton, while industrial-grade prices range from 126,000 to 131,000 yuan/ton [5][6] - The latest prices for lithium iron phosphate are reported at 50,300 to 51,300 yuan/ton for power-type and 50,100 to 51,100 yuan/ton for energy storage-type [8] - The prices for anode materials have remained stable, with increases of 1,000 to 2,000 yuan/ton for smaller battery manufacturers. The latest prices for high-end natural graphite anode materials range from 50,000 to 65,000 yuan/ton [9] Battery and Energy Storage - The demand for power batteries in passenger vehicles has slowed, while orders for energy storage and commercial vehicles remain saturated. Overall market supply is expected to decrease slightly, by around 5% [12] - The domestic energy storage battery market prices have remained stable, with a record high of 70.7 GWh in successful bids for December, indicating a shift towards participation from local private and market-oriented entities [15]

Core Viewpoint - The article highlights the significant growth in the production of iron phosphate, projecting a production volume of 3.334 million tons by 2025, which represents a year-on-year increase of 64.1% [1] Group 1: Production and Capacity - By the end of 2025, the nominal capacity of iron phosphate is expected to reach 5.99 million tons per year, an increase of 1.23 million tons compared to the end of 2024 [5] - The industry is projected to further increase its capacity to 7.37 million tons per year by 2026 [5] - The production capacity utilization rate for the iron phosphate industry in 2025 is expected to be significantly higher than the same period last year, with mainstream shipping enterprises maintaining a capacity utilization rate above 60% throughout the year, peaking at 84% in November [7] Group 2: Market Share and Competition - The market concentration for iron phosphate is lower compared to lithium iron phosphate, with the top three companies primarily focusing on self-supply: Hunan Youneng holds over 30%, Wanrun New Energy exceeds 10%, and Bangpu Recycling surpasses 5%, while other mainstream external sales companies remain below 5% [9] - In the export market, the top three companies are Zhongwei, Bangpu, and Tianci, each with export volumes exceeding 100,000 tons, placing them in the first tier; companies like Henan Baili, Xingfa Xingyou, Yuntianhua, and others have export volumes exceeding 50,000 tons, categorizing them in the second tier [11] Group 3: Future Outlook - The overall industry production of iron phosphate is expected to exceed 4.5 million tons in 2026 [13]

Core Viewpoint - The lithium hexafluorophosphate (LiPF6) market is entering a new upward cycle in the second half of 2025, characterized by structural supply-demand mismatches [1]. Group 1: Market Capacity and Production - By the second half of 2025, the overall market will see an increase in production capacity of only 50,000 tons, with nominal capacity at 470,300 tons and effective capacity at 335,000 tons, leading to a global production of 279,000 tons and a capacity utilization rate of 83% [1]. - Major manufacturers such as Dongfang, Tianji, Tinci, Zhonglan Hongyuan, Hongyuan Pharmaceutical, and Yongtai are expected to operate at full capacity [1]. - The first-tier LiPF6 manufacturers will have production exceeding 35,000 tons in 2025, while second-tier manufacturers will exceed 5,000 tons annually [3]. Group 2: Company Rankings and Market Share - The top three LiPF6 companies will account for over 60% of the market share in 2025, with Tinci Materials holding over 30%, Dongfang at 18.3%, and Xintai New Materials exceeding 13% [8]. - The rankings for LiPF6 producers in 2025 are as follows: - First-tier: Tinci Materials, Dongfang, Xintai New Materials - Second-tier: Jiangxi Shilei, Shida Shenghua, Hongyuan Pharmaceutical, Zhejiang Yongtai, Jiangsu Bikon, Zhonglan Hongyuan, Longde, and Shenzhen New Star [5]. Group 3: Price Trends and Future Outlook - After a prolonged period of stagnation, LiPF6 prices began to rise in July 2025, increasing from a low of 47,000 yuan/ton to 180,000 yuan/ton, marking a 283% increase [10]. - In 2026, global LiPF6 production is projected to reach 375,000 tons, with an additional 150,000 tons of effective capacity coming online, leading to an effective capacity of 400,000 tons and an operating rate exceeding 90% [10]. - Prices are expected to remain high throughout 2026, with the third and fourth quarters anticipated to experience seasonal demand peaks, resulting in continued price increases [10].

Core Viewpoint - The article highlights the advancements and production capabilities of Hubei Xingshun New Materials Co., Ltd. in the lithium iron phosphate (LFP) sector, emphasizing its collaboration with major clients like BYD and its plans for future growth in the energy storage and electric vehicle markets [1][3][5]. Group 1: Company Overview - Hubei Xingshun New Materials Co., Ltd. is a subsidiary of Xingsha Group, focusing on the research, production, and sales of lithium iron phosphate cathode materials, with an annual designed capacity of 80,000 tons [3]. - The company’s product range includes second to fourth generation specifications, widely used in electric vehicles and energy storage stations [3]. - The fourth generation and a half products are ready for pilot production, while the fifth generation products have achieved significant R&D milestones [3]. Group 2: Production and Market Strategy - A production line customized for BYD has been put into trial operation, featuring over 20 new demagnetization devices to enhance product quality [1]. - The company plans to accelerate product upgrades and market development, focusing on collaborations with leading battery cell manufacturers like EVE Energy [3]. - By 2026, the company aims to produce and sell 70,000 tons of products, primarily supplying BYD, with production expected to be at full capacity starting March [3]. Group 3: Industry Context and Future Plans - Hubei Xingshun New Materials leverages Xingsha Group's advantages in phosphate mining, hydropower, and photovoltaics to create a comprehensive and high-performance product matrix [5]. - The company has established stable partnerships with several firms, including Penghui Energy and Zhitai New Energy, and aims to expand its applications in power batteries and energy storage [5]. - The region is actively pursuing opportunities in the new energy sector, focusing on upgrading LFP technology and accelerating the development of projects related to vanadium energy storage and LFP production [5].