[National Energy Administration Answers Questions on "Guiding Opinions on Supporting the Innovative Development of New Business Entities in the Power Sector"] On February 5, a responsible official from the National Energy Administration was interviewed and answered questions from reporters regarding the recently released "Guiding Opinions on Supporting the Innovative Development of New Business Entities in the Power Sector" (hereinafter referred to as the "Guiding Opinions"). (National Energy Administration)

National Energy Administration Addresses Queries on Guiding Opinions for Innovative Power Sector Business Entities

【Copper Inventories】On September 11, LME copper inventories decreased by 1,225 tonnes to 314,950 tonnes. 【Aluminum Inventories】On September 11, LME aluminum inventories decreased by 3,500 tonnes to 827,850 tonnes. 【Lead Inventories】On September 11, LME lead inventories decreased by 200 tonnes to 175,075 tonnes. 【Zinc Inventories】On September 11, LME zinc inventories decreased by 1,725 tonnes to 232,725 tonnes. 【Tin Inventories】On September 11, LME tin inventories increased by 35 tonnes to 4,695 tonnes. 【Nickel Inventories】On September 11, LME nickel inventories increased by 534 tonnes to 122,748 tonnes.

LME Metal Inventories See Mixed Movements on September 11: Copper, Aluminum, Lead, Zinc Down; Tin, Nickel Up

SMM Data: Apparent Consumption of Domestic Electrolytic Aluminum in 2023 Increases by Over 5.8% Year-on-Year, and Growth May Slow Down in 2024" Forecast: In the second half of 2024, the supply side may witness a continued increase in operating capacity due to the resumption of electrolytic aluminum enterprises in Yunnan during the high water season and the commissioning of the new phase 3 project of Huayun in Inner Mongolia. Considering future capacity changes, SMM predicts that domestic electrolytic aluminum production in 2024 may increase by 2.8% year-on-year to approximately 42.68 million tons. Overseas, some new capacity is still expected to be put into operation in regions such as Indonesia. It is estimated that global electrolytic aluminum production will continue to grow positively driven by the growth in production in China and Southeast Asia...

Domestic Electrolytic Aluminum Consumption Up 5.8% in 2023, 2024 Growth Forecast at 2.8% Amid Capacity Expansion

[SMM Survey: Concentration of Imported Lead Arrivals Expected to Intensify Lead Ingot Supply Polarization, Will Lead Prices Face Short-Term Pressure?] According to the survey, the price difference between the 2408 and 2409 contracts in the domestic lead market has continued to widen recently, approaching RMB 1,000, primarily due to the polarization of lead ingot supply in the spot market. Unlike the significant increase in imports of crude lead and secondary refined lead in June, with limited growth in electrolytic lead imports, the market has seen a gradual increase in quotations for imported electrolytic lead this week, with multiple traders mentioning the upcoming arrival of thousands of tons of Harz Mountains brand lead ingots...

SMM Survey: Surge in Imported Lead Arrivals Anticipated to Exacerbate Lead Ingot Supply Imbalance, Putting Short-Term Pressure on Lead Prices

At the 2024 Farnborough International Airshow, Airbus announced a new partnership with aircraft leasing company Avolon to jointly explore the potential of hydrogen-powered aircrafts, marking the first collaboration between the ZEROe project and a leasing company.

Airbus Teams Up with Avolon to Explore Hydrogen-Powered Aircraft Potential at Farnborough Airshow

[SMM Analysis] Power Conversion System (PCS) is the core equipment in energy storage systems, responsible for the bidirectional conversion between direct current (DC) and alternating current (AC) to meet the charging and discharging demands of the power grid. The official website of Shanghai Metals Market (SMM) provides price information for three types of PCS, including two centralized PCS (1725kW and 2500kW) and one string PCS (215kW). Centralized PCS are more widely used in source-grid side energy storage systems. As the capacity of energy storage cells increases, the system capacity also increases accordingly. In terms of pricing, the 1725kW PCS is slightly more expensive than the 2500kW PCS, while the price of the 2500kW PCS is showing a downward trend. Although string PCS has the advantage of improving battery consistency and system reliability, its relatively high price results in a lower market penetration rate, with prices hovering around 0.11 yuan/W.

SMM Analysis: Pricing Trends and Market Penetration of PCS for Energy Storage Systems

[Achieving Four Collaborations within a Month, EVE Energy Pushes Forward Towards Annual Growth of 30%] On July 22, EVE Energy signed a memorandum of cooperation with Infineon Technologies (Shanghai) Co., Ltd. (hereinafter referred to as "Infineon") in Huizhou, Guangdong. This marks the fourth collaboration EVE Energy has achieved within a full month since June 24. According to the content of the memorandum of cooperation between the two parties, Infineon will provide a complete set of chip solutions for EVE Energy's new generation of battery management systems, helping them more precisely monitor, protect, and optimize the battery performance of electric vehicles, thereby enhancing the user's driving experience and energy efficiency. (Gasgoo)

EVE Energy Scores Fourth Collaboration in a Month, Eyes 30% Annual Growth with Infineon Chip Solutions Deal

[SMM Analysis: June Low-Sulfur Petroleum Coke and Needle Coke Price Review and Subsequent Trend Forecast] SMM News on July 26: In June, the average price of low-sulfur petroleum coke was 2,740 yuan/ton, a decrease of 7.1% from the previous month...

SMM Analysis: June Low-Sulfur Petroleum Coke & Needle Coke Prices Decline 7.1% YoM; Future Trend Forecast

[SMM Analysis: Application for User-side Energy Storage Subsidies in Yongkang, Zhejiang Begins!] SMM News on July 26: Recently, the People's Government of Yongkang, Zhejiang, organized the application for the 2023 fiscal subsidy project for distributed photovoltaic power generation. The scope of the application includes rooftop distributed photovoltaic power generation projects and non-residential user-side energy storage projects. The application requires that the projects be completed, connected to the grid, and generating power between January 1, 2022, and December 31, 2022, with non-residential photovoltaic and user-side energy storage projects requiring acceptance by relevant municipal departments. Eligible investment entities need to submit funding subsidy applications by July 31. ...

Yongkang, Zhejiang Launches Subsidy Application for Distributed PV & User-side Energy Storage Projects

[SMM Analysis: Lithium Carbonate Market: Price Fluctuations and Profit Status of Various Lithium Salt Enterprises Revealed] Affected by the continuous downward trend of lithium carbonate, the price movements of raw materials and salts are differentiated, and the profit trends of various types of lithium salt production enterprises vary. This article will analyze the recent status of the lithium carbonate market and dissect the profit status of enterprises that procure different types of raw materials.