Core Insights - The Ministry of Commerce and the General Administration of Customs of China announced export controls on lithium batteries and related technologies, effective from November 8, 2025, marking the first "technical-level" export review in the new energy equipment manufacturing sector [1][2] - The export controls aim to protect core technologies, enhance national security, and ensure compliance with international non-proliferation obligations while maintaining the competitiveness of Chinese lithium battery companies in the global market [1][4] Industry Overview - China's lithium battery industry is a core advantage in the new energy sector, with over 250 overseas orders totaling 188 GWh secured by domestic energy storage companies in the first eight months of 2025, and a significant increase in demand from international markets [2][4] - The export controls are seen as a "signpost" that may reshape the development landscape for Chinese lithium battery companies, encouraging more firms to invest abroad [2][3] Export Control Details - The export controls specifically target rechargeable lithium-ion batteries with an energy density of 300 Wh/kg or higher, high-pressure lithium iron phosphate materials, artificial graphite anode materials, and related equipment and technologies [1][5] - The measures also include controls on artificial diamond micro-powder and single crystal products, which are critical for semiconductor and precision manufacturing applications [6] Technological Implications - The export controls are designed to provide a "technical barrier" for the lithium battery industry, ensuring that high-end products and technologies are managed with precision rather than imposing blanket export bans [3][4] - The focus on dual-use technologies reflects a global trend in maintaining national security while fostering innovation in high-tech sectors [4][5] Market Dynamics - The export controls may lead to short-term price premiums for high-end products due to their scarcity, while compliance for overseas capacity expansion and core equipment export may become stricter [5][7] - Long-term, these measures are expected to protect the leading technological advantages of Chinese companies and stabilize their pricing power within the global supply chain [5][7] Future Outlook - The lithium battery industry is transitioning from a focus on quantity to quality, with an emphasis on technological innovation and core competitiveness [6][7] - The anticipated growth of solid-state battery markets, projected to exceed an 80% compound annual growth rate from 2024 to 2030, highlights the importance of rapid industrialization and scaling production capabilities [6][7]

Group 1: Report Industry Investment Rating - The investment rating for lithium carbonate is "Oscillating" [5] Group 2: Core Viewpoints of the Report - After the holiday, lithium salt prices fluctuated within a narrow range. The fundamentals provide short - term support for prices but cannot independently drive prices up. In the future, the supply side is expected to remain high or even increase, while the demand side faces downward pressure. In the short term, it is a combination of strong reality and weak expectations. It is recommended to focus on short - selling opportunities on rallies and the reverse spread opportunity of LC2511 - 2512 [2][3][12][13] Group 3: Summary by Relevant Catalogs 1. Continued Inventory Reduction During the Peak Season, Focus on Project Restart Progress - Post - holiday (09/26 - 10/10) lithium salt prices had a narrow - range oscillation. LC2510's closing price remained flat at 72,700 yuan/ton, LC2511's closing price decreased by 0.2% to 72,700 yuan/ton. SMM's average spot prices of battery - grade and industrial - grade lithium carbonate decreased by 0.1% to 73,600 and 71,300 yuan/ton respectively. The price of lithium hydroxide slightly declined. The average prices of SMM's coarse - grained and micron - sized battery - grade lithium hydroxide decreased by 0.5% to 73,500 and 78,500 yuan/ton respectively. The price difference between battery - grade lithium hydroxide and battery - grade lithium carbonate narrowed to near zero [11][12] - Currently in the peak - season inventory reduction period, last week's domestic lithium carbonate weekly production slightly increased to 20,600 tons, and inventory decreased by 2,000 tons to 135,000 tons compared to September 25th. In October, downstream production schedules continued to increase month - on - month, and with a slight decrease in imports, domestic lithium carbonate is expected to continue inventory reduction, but the reduction rate is lower than the same period last year [12] 2. Review of Weekly Industry News - Zangge Mining's wholly - owned subsidiary obtained the Real Estate Ownership Certificate (Mining Right) and Mining License, adding associated minerals such as lithium ore, which is significant for ensuring potassium salt supply, developing lithium resources, and enhancing the company's competitiveness [14] - The Ministry of Commerce and the General Administration of Customs will implement export controls on lithium batteries and related items with a weight - energy density of 300Wh/kg or more starting from November 8, 2025 [14] - Ford postponed purchasing lithium from Liontown due to the decline in electric vehicle sales, and the future delivery volume will be halved [15] 3. Monitoring of Key High - Frequency Data in the Industry Chain 3.1 Resource End: Spot Quotes of Lithium Concentrate Remained Stable - The spot price of lithium concentrate remained stable, with the average spot price of spodumene concentrate (6%, CIF China) at 839 US dollars/ton, a decrease of 2.1% month - on - month [12] 3.2 Lithium Salts: The Market Trended Weakly and Oscillated - The closing price of the main lithium carbonate futures contract on GFEX (LC2511) decreased by 0.2% month - on - month to 72,740 yuan/ton [12] 3.3 Downstream Intermediate Products: Quotes Slightly Declined - The prices of downstream intermediate products such as lithium iron phosphate and ternary materials showed different trends, with some prices slightly decreasing and some increasing [12] 3.4 Terminal: The Installation Proportion of Lithium Iron Phosphate in August Further Increased - In August, the installation proportion of lithium iron phosphate in power batteries further increased, and relevant data on new energy vehicle production, sales, and penetration rate were also presented [41]

Core Viewpoint - The Ministry of Commerce and the General Administration of Customs announced the implementation of export controls on lithium batteries and artificial graphite anode materials to safeguard national security and fulfill international obligations [2][8]. Export Control Items - Export controls will apply to rechargeable lithium-ion batteries with a weight energy density of 300 Wh/kg or greater, including battery cells and packs [3]. - Equipment used for manufacturing rechargeable lithium-ion batteries is also subject to export controls [3]. - Technologies for producing controlled lithium-ion batteries are included in the export restrictions [3]. Anode Material Controls - Specific controls are established for cathode materials, including lithium iron phosphate with a density of 2.5 g/cm and capacity of 156 mAh/g, and precursor materials for ternary cathodes [4][5]. - Equipment for manufacturing cathode materials is also regulated, including roller kilns and high-speed mixers [5]. Graphite Anode Material Controls - Export controls apply to artificial graphite anode materials and mixed anode materials [6]. - Equipment for producing graphite anode materials, such as continuous graphite furnaces and coating modification devices, is included in the restrictions [6]. Compliance Requirements - Exporters must apply for licenses from the Ministry of Commerce for the controlled items and ensure the authenticity of the declared goods [6][7]. - Customs will question the authenticity of the information provided, and goods will not be released during the questioning period [7]. Implementation Date - The announcement will take effect on November 8, 2025, and the list of controlled dual-use items will be updated accordingly [8].

Core Viewpoint - The Ministry of Commerce and the General Administration of Customs of China announced the implementation of export controls on lithium batteries and artificial graphite anode materials, effective from November 8, 2025, to safeguard national security and fulfill international obligations [2][14]. Group 1: Export Control Items - Export controls will apply to lithium-ion batteries with a weight energy density of 300 Wh/kg or greater, including cells and battery packs [5]. - Equipment used for manufacturing lithium-ion batteries, such as winding machines, stacking machines, and liquid injection machines, will also be subject to export controls [6][9]. - Technologies for producing controlled lithium-ion battery items will be regulated [6]. Group 2: Cathode Materials - Export controls will include lithium iron phosphate cathode materials with a packing density of 2.5 g/cm³ or greater and a specific capacity of 156 mAh/g [7]. - Precursor materials for ternary cathodes, including nickel-cobalt-manganese hydroxide and nickel-cobalt-aluminum hydroxide, will be regulated [7]. - Lithium-rich manganese-based cathode materials are also included in the export control list [8]. Group 3: Graphite Anode Materials - Artificial graphite anode materials will be subject to export controls [10]. - Mixed anode materials composed of artificial and natural graphite will also be regulated [11]. - Equipment for producing graphite anode materials, such as granulation and graphitization equipment, will be included in the export controls [12][13].

Core Viewpoint - The Ministry of Commerce and the General Administration of Customs of China announced export controls on lithium batteries and artificial graphite anode materials, effective from November 8, 2025 [2] Group 1: Export Control Details - Export controls will apply to rechargeable lithium-ion batteries with an energy density of 300Wh/kg or greater, including battery cells and packs [2] - The controls also encompass equipment used for manufacturing rechargeable lithium-ion batteries and related anode materials [2] - The announcement includes an update to the "Export Control List of Dual-Use Items of the People's Republic of China" [2]

Group 1 - The Ministry of Commerce and the General Administration of Customs announced export controls on superhard materials, rare earth equipment and raw materials, heavy rare earths, lithium batteries, and artificial graphite anode materials, effective from November 8, 2025 [42] - The export controls are based on the Export Control Law of the People's Republic of China and are aimed at maintaining national security and fulfilling international non-proliferation obligations [42] - The controlled items include artificial diamond powders, single crystals, diamond wire saws, diamond grinding wheels, and various rare earth production and processing equipment [2][6][19] Group 2 - Specific items under control include artificial diamond micro-powders with an average particle size less than or equal to 50 μm, and single crystals with an average particle size between 50 μm and 500 μm [2] - Rare earth production equipment includes centrifuge extraction devices, ion-type rare earth ore intelligent continuous impurity removal equipment with a daily processing capacity of at least 5000 m³, and various types of furnaces and reactors [7][8][19] - Lithium battery-related items include rechargeable lithium-ion batteries with a weight energy density of at least 300 Wh/kg and equipment used for manufacturing these batteries [31][35] Group 3 - The announcement emphasizes that the controlled items have significant dual-use attributes, and the measures are in line with international practices [42] - The Chinese government is open to maintaining stable global supply chains and will review legitimate export applications for approval [42] - The updated export control list will be published simultaneously with the implementation of these measures [5][18][41]

Core Viewpoint - The announcement by the Ministry of Commerce and the General Administration of Customs of China outlines new export controls on specific items related to lithium batteries and their components, effective from November 8, 2025, to safeguard national security and fulfill international obligations [9]. Group 1: Lithium Battery-Related Items - Export controls are imposed on rechargeable lithium-ion batteries with a weight energy density of 300 Wh/kg or greater, including cells and battery packs [1]. - Equipment used for manufacturing rechargeable lithium-ion batteries, such as winding machines, stacking machines, and liquid injection machines, is also subject to export controls [2]. - Technologies for producing controlled lithium-ion battery items are included in the export restrictions [2]. Group 2: Cathode Materials - Export controls apply to lithium iron phosphate cathode materials with a packing density of 2.5 g/cm3 or greater and a specific capacity of 156 mAh/g or greater [3]. - Precursor materials for ternary cathodes, including nickel-cobalt-manganese hydroxide and nickel-cobalt-aluminum hydroxide, are also regulated [4]. - Lithium-rich manganese-based cathode materials are included in the export control list [5]. Group 3: Anode Materials - Export controls are established for artificial graphite anode materials and mixed anode materials made from artificial and natural graphite [10]. - Equipment for producing graphite anode materials, such as granulation and graphitization equipment, is subject to export restrictions [10]. Group 4: Export Compliance Requirements - Exporters must apply for licenses from the Ministry of Commerce for the controlled items and ensure the authenticity of the declared goods [8]. - Customs will question the completeness and accuracy of the reported information, and goods will not be released during the questioning period if there are doubts about the authenticity [8].

Group 1 - The CINE2025 Solid-State Battery Exhibition and Industry Annual Conference will be held from November 6-8, 2025, at the Guangzhou Nansha International Convention and Exhibition Center, with over 200 exhibitors and 20,000 professional attendees expected [2] - The event will feature the 2025 Qidian Solid-State Battery Golden Ding Award ceremony and the SSBA Solid-State Battery Industry Alliance Council meeting [2] - The first batch of exhibitors and sponsors includes companies such as Jin Na Technology, Ru Tian Technology, and Rong Jie Energy, among others [2] Group 2 - On October 9, 2025, the Ministry of Commerce and the General Administration of Customs announced the implementation of export controls on lithium batteries and artificial graphite anode materials [3][4] - The export control includes rechargeable lithium-ion batteries with a weight energy density of 300 Wh/kg or more, as well as equipment used for manufacturing these batteries [4][5] - The announcement specifies that exporters must apply for permits and ensure the accuracy of their customs declarations regarding controlled items [12][13]

Core Viewpoint - The Chinese government has announced export controls on superhard materials, rare earth equipment, lithium batteries, and artificial graphite anode materials, effective from November 8, 2025, to safeguard national security and fulfill international obligations [2][10][27]. Group 1: Export Control Measures - The export control measures are based on the Export Control Law of the People's Republic of China and are aimed at items with dual-use characteristics, ensuring compliance with international practices [2][10]. - The controlled items include superhard materials, rare earth equipment, lithium batteries, and artificial graphite anode materials, which are critical for various industries [2][10][27]. Group 2: Specific Items Under Control - Specific items under control include: - Artificial diamond micro-powder with an average particle size of less than or equal to 50 μm [6]. - Rare earth production and processing equipment, such as ion-exchange rare earth mineral intelligent continuous impurity removal equipment with a daily processing capacity of at least 5000 m³ [10]. - Lithium-ion batteries with a weight energy density of at least 300 Wh/kg [27]. Group 3: Compliance and Application Process - Exporters must apply for permits for the controlled items and are responsible for the authenticity of the goods declared [8][27]. - The customs will question any declarations that are incomplete or raise doubts about their authenticity, and goods will not be released during the questioning period [8][27]. Group 4: International Cooperation - The Chinese government expresses willingness to engage in bilateral dialogues regarding export control policies to facilitate compliant trade and maintain global supply chain stability [2][10].

Core Viewpoint - The Ministry of Commerce and the General Administration of Customs of China have announced export controls on various items related to rare earth materials, lithium batteries, and artificial graphite anode materials to safeguard national security and fulfill international obligations [1][8][24]. Export Controls on Superhard Materials - Export controls will be implemented on superhard materials, including synthetic diamond powders with an average particle size of less than or equal to 50 μm and synthetic diamond single crystals with an average particle size between 50 μm and 500 μm [2][3]. - Specific characteristics for synthetic diamond wire saws and grinding wheels are outlined, including diameter and average particle size requirements [4][5]. Export Controls on Lithium Batteries and Anode Materials - Export controls will apply to lithium battery items, specifically rechargeable lithium-ion batteries with a weight energy density of 300 Wh/kg or more [8]. - Equipment used for manufacturing rechargeable lithium-ion batteries, such as winding machines and stacking machines, will also be subject to export controls [10][11]. Export Controls on Rare Earth Equipment and Raw Materials - Export controls will be enforced on rare earth production and processing equipment, including centrifuge extraction devices and ion-type rare earth ore continuous removal equipment with a daily processing capacity of 5000 m³ or more [14][15]. - Specific equipment for rare earth separation and purification, as well as raw materials like rare earth ores, will also be regulated [22][24]. Export Controls on Rare Earth Technologies - Export controls will be placed on technologies related to rare earth mining, smelting separation, and recycling, requiring licenses for any export of these technologies [24][25]. - Exporters must ensure compliance with the regulations and apply for necessary licenses before exporting controlled items [26][27]. Implementation Timeline - The announced export controls will take effect on November 8, 2025, with updates to the export control list [7][13][23].