Hot News

• 

  [SMM Analysis] LMO Prices Rebounded Against the Trend in November, Enterprise Production Schedules Increased Slightly

  In November 2025, domestic LMO production increased slightly, with the core drivers being the enhanced market activity and demand resilience resulting from the significant rise in lithium carbonate prices...

• [SMM Analysis] High-Purity Manganese Sulphate Production Slightly Decreased in November as Peak Season Effect Gradually Faded

  In November 2025, domestic high-purity manganese sulphate production experienced a slight decline MoM, primarily due to the dual constraints of weakening seasonal demand effects and increasing cost-side pressures.

• [SMM Analysis] Mn3O4 Production Recovers in November, Expected to Decline Slightly in December

  In November 2025, domestic Mn3O4 production increased slightly MoM, primarily driven by rising downstream demand and the gradual release of new capacity.

• [SMM Analysis] Weak Demand Leads to Decline in Manganese Dioxide Production in November

  In November 2025, the EMD market officially entered the traditional off-season, with production showing a slight decline MoM. Affected by shrinking downstream demand and narrowing order volumes, the industry's operating rate also decreased, presenting overall market characteristics of "weak demand, lower operating rates, and reduced production.

• [SMM Analysis] EMM Production Slightly Contracted in November, Expected to Rebound in December

  In November 2025, China's EMM production experienced a slight decline MoM, primarily driven by weakening demand following the end of the traditional peak consumption season, coupled with high prices dampening purchase willingness among downstream steel mills. Although the supply side maintained a tight balance supported by costs, the production pace adjusted in response to demand, showing an overall contraction trend...