Asia Pacific Equity Research 18 July 2025 This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. China Lithium Dashboard More supply disruption news, but limited fundamental improvement Asia Basic Materials Avery Chan AC (852) 2800-8659 avery.chan@jpmorgan.com J.P. ...

July 18, 2025 11:54 AM GMT Greater China Materials | Asia Pacific Weekly Monitor: Lithium Supply Disruption Key Takeaways Base metals: Shanghai copper prices were down 0.1% WoW while inventories were up 3.8% WoW. Shanghai aluminum prices were down 0.4% WoW while inventories were up 5.5% WoW. Battery metals: Domestic industrial-grade and battery-grade lithium hydroxide prices were both flat WoW; while industrial-grade and battery-grade lithium carbonate prices were up 2.1% and 2.0% WoW. Gold: Price decreased ...

Core Insights - American Battery Technology Company (ABTC) has been awarded a $1 million agreement by the U.S. Department of Energy's Argonne National Laboratory to support the commercialization of its lithium hydroxide manufacturing technology [1][8] - The company aims to develop advanced critical mineral manufacturing technologies that reduce operational costs and environmental impact compared to conventional lithium production methods [2][3] Group 1: Technology Development - ABTC is focused on creating a new generation of lithium hydroxide production technologies that do not rely on large-scale chemical agents, thus minimizing waste and costs [3][6] - The collaboration with Argonne will utilize advanced imaging and characterization techniques to assess the performance of ABTC's electrochemical conversion systems over time [4][5] Group 2: Strategic Partnerships - The partnership with Argonne is part of a broader strategy to enhance domestic critical mineral production, thereby reducing reliance on foreign supply chains and bolstering U.S. energy security [7][8] - ABTC is also engaged in projects with other U.S. Department of Energy National Laboratories, including Idaho National Laboratory and National Renewable Energy Laboratory, to further its goals in battery metal acquisition [7][8] Group 3: Company Overview - ABTC is headquartered in Reno, Nevada, and specializes in technologies for the domestic manufacturing and recycling of battery metals, addressing the growing demand from electric vehicles and other industries [9]

Australian Lithium & Gold Coverage Coverage summary, forecasts and spot pricing scenarios July 2025 Priced as of 4 July 2025 Hugo Nicolaci Goldman Sachs Australia Pty Ltd +61 2 9321 8323 hugo.nicolaci@gs.com Paul Young Goldman Sachs Australia Pty Ltd +61 2 9321 8302 paul.young1@gs.com Isaac Brooke Goldman Sachs Australia Pty Ltd +61 2 9321 8675 isaac.brooke@gs.com Marcus Dosanjh Goldman Sachs Australia Pty Ltd +61 2 9321 8780 marcus.dosanjh@gs.com Goldman Sachs does and seeks to do business with companies c ...

Flash | 26 Jun 2025 07:08:07 ET │ 11 pages China Battery Materials Lithium into 4th week of Jun – Client feedback on our lithium call CITI'S TAKE We called for a near-term lithium price bottom at the start of the month, and published 3M positive CW for Tianqi Lithium (see note). Most investors we've spoken to agree that the lithium price could already touch the near-term trough at Rmb60k/t, given most of the smelters are already likely loss making and there should be supply discipline to rebalance the marke ...

Core Viewpoint - American Battery Technology Company (ABTC) has been awarded the "Outstanding Contribution to Recycling & Reuse in Battery Materials" at the Fastmarkets Voltas Awards, highlighting its competitive edge in battery recycling technology and commitment to enhancing economic resilience and energy security in the U.S. [1][2][13] Group 1: Award Recognition - ABTC was recognized among 20 global competitors for its advancements in battery recycling technology [2][3] - The award emphasizes the company's role in reshaping the battery raw materials supply chain and promoting sustainability [2][12] Group 2: Technological Advancements - ABTC has developed innovative recycling technologies and launched commercial operations at its first lithium-ion battery recycling facility [3][6] - The facility employs a closed-loop system that minimizes waste, reduces water consumption, and limits air pollution [3][5] Group 3: Recycling Process - The recycling operation consists of two phases: demanufacturing and hydrometallurgy, producing valuable products such as copper, aluminum, and battery-grade lithium hydroxide [4][5] - This integrated process enhances recovery rates and reduces operating costs by removing impurities early in the recycling process [5] Group 4: Future Expansion - ABTC is constructing a second recycling facility designed to process 100,000 tonnes annually, increasing its recycling capacity fivefold [6] - This expansion is supported by a $144 million investment from the U.S. Department of Energy [6] Group 5: Workforce Development - The company collaborates with local universities to develop the workforce, preparing future engineers and scientists through internships and hands-on projects [7][11] - This initiative contributes to job creation and strengthens expertise in critical mineral manufacturing and recycling [10]

Chemicals: Specialty, Commodity, Agricultural, and Paper & Packaging North America Equity Research 20 June 2025 J P M O R G A N Lithium May China Export/Import Data Jeffrey J. Zekauskas AC (1-212) 622-6644 jeffrey.zekauskas@jpmorgan.com Katie Zhang (1-212) 622-3262 katie.zhang@jpmchase.com Silke Kueck (1-212) 622-6503 silke.x.kueck@jpmorgan.com Lydia Huang (1-212) 622-0086 lydia.huang@jpmorgan.com J.P. Morgan Securities LLC {[{xTcfaSlj-ZSQMv-ljRpIM5Uga-4kBPAT_ahKYJjGBc6uIT3IvliwlA}]} • Lithium hydroxide exp ...

19 Jun 2025 05:24:15 ET │ 9 pages China Battery Materials Lithium into 3rd week of Jun – Market building surplus, low prices will pressure suppliers CITI'S TAKE Citi Commodity Team updated their 3Q25 lithium outlook this week (see report), downgrading 0-3mth price for SC6 spodumene to US$600/t (from US$700/t) and maintaining 0-3mth price target of US$7k/t for lithium salts – China carbonate (incl. VAT) and hydroxide CIF Asia. The updated balances suggest that the lithium market has been building large surpl ...

Flash | 05 Jun 2025 10:46:21 ET │ 13 pages China Battery Materials Lithium into 1st week of June – Supply is the key swing factor as of now CITI'S TAKE National "trade-in" subsidy has reportedly suspended in some provinces, earlier than expected vs est. end of 2025 (Sohu.com, 27-May). Though there should be downward pressure on NEV demand, we estimate impact will be relatively limited as (1) OEMs are offering another round of price discount, and (2) marginal impact of subsidy has been diminishing due to hig ...

NEW AND NOVEL LOW TEMPERATURE IP-PROTECTED METHOD FOR PRODUCING LITHIUM SULFIDE DEVELOPED IN PARTNERSHIP BETWEEN STANDARD LITHIUM AND TELESCOPE INNOVATIONS LITHIUM PRODUCTS FROM STANDARD LITIHIUM’S ARKANSAS DEMONSTRATION PLANT USED TO MAKE NEXT GENERATION LITHIUM SULFIDE PRODUCT FOR USE IN SOLID STATE BATTERIES VANCOUVER, British Columbia, June 03, 2025 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI), a leading near-commercial lithium company, i ...