#lithium-ion export restrictions

[seoiinn]

Global Nickel Sulphate Market is demonstrating robust expansion, with its valuation reaching USD 3,140 million in 2024. Industry analysis projects the market will grow at a CAGR of 6.70%, reaching approximately USD 5,270 million by 2032. This growth trajectory is primarily propelled by accelerating demand from the battery sector, particularly for electric vehicles (EVs), alongside steady consumption in electroplating and chemical manufacturing.

Nickel sulphate serves as a critical raw material for nickel-cadmium and nickel-metal hydride batteries. Its importance has surged with the global push toward electrification and renewable energy storage solutions. The material's high purity variants are becoming increasingly vital for advanced battery technologies, while plating-grade nickel sulphate remains indispensable for corrosion-resistant coatings in automotive and industrial applications.

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Market Overview & Regional Analysis

Asia-Pacific commands the lion's share of nickel sulphate production and consumption, with China leading both in terms of manufacturing capacity and EV battery production. The region's dominance stems from integrated supply chains connecting nickel mining, refining, and battery cell production hubs. Indonesia's emergence as a major nickel producer, through high-pressure acid leach (HPAL) projects targeting battery-grade nickel, is reshaping regional dynamics.

Europe is witnessing accelerated market growth driven by strict emissions regulations and ambitious EV adoption targets. North America shows similar trends, though production capacity lags behind demand, creating import dependencies. Both regions are actively developing localized nickel sulphate supply chains to reduce reliance on Asian suppliers amid growing geopolitical tensions over critical minerals.

Key Market Drivers and Opportunities

The nickel sulphate market is primarily fueled by exponential growth in lithium-ion battery production, which accounts for over 40% of current demand. Automotive OEMs' commitments to electrification, supported by government incentives and emission mandates across major economies, are creating unprecedented demand. Electroplating applications maintain steady consumption, particularly for automotive trim and industrial components requiring durable finishes.

Significant opportunities exist in nickel recovery from spent batteries and production scrap, with several pilot projects demonstrating technical feasibility. The development of nickel-rich cathode chemistries (NMC 811, NCA) presents additional growth avenues, as these formulations require higher nickel sulphate purity levels. Emerging applications in catalyst manufacturing and specialty chemicals further diversify the demand base.

Challenges & Restraints

The market faces substantial challenges including volatile nickel prices, which directly impact production costs and profit margins. Environmental concerns around nickel mining and processing, particularly regarding tailings management and sulphur dioxide emissions, are leading to stricter regulations. Supply chain vulnerabilities have emerged, with over 70% of battery-grade nickel sulphate production concentrated in China.

Technical barriers in producing电池-grade material consistently meeting stringent impurity specifications create quality challenges. Trade policies, including export restrictions in nickel-producing countries and critical minerals legislation in consuming regions, introduce additional market complexities. The industry must also navigate ESG pressures throughout the nickel value chain.

Market Segmentation by Type

Plating Grade

High-Purity Grade

Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/293476/global-nickel-sulphate-market-2025-2032-645

Market Segmentation by Application

Electroplating

Chemicals Industry

Battery

Others

Market Segmentation and Key Players

Umicore

Norilsk Nickel

Sumitomo Metal Mining

Green Eco-Manufacturer

Huaze Cobalt & Nickel

Jilin Jien Nickel Industry

Seido Chemical Industry

Jinco Nonferrous

Univertical

Nicomet

Zenith

Coremax

Report Scope

This comprehensive report analyzes the global nickel sulphate market across all key parameters for the period 2024-2032, providing critical insights into:

Market size valuations and growth forecasts

Detailed segmentation by product type and end-use applications

Production and consumption trends across major regions

The study includes in-depth profiles of leading market participants, covering:

Production capacities and expansion plans

Product specifications and quality benchmarks

Sales performance and market positioning

Pricing strategies and cost structures

Technological capabilities and R&D focus areas

The analysis evaluates the competitive environment, identifying:

Market share distribution among key players

Strategic partnerships and vertical integration

Supply chain vulnerabilities and risk factors

Emerging competitive threats and opportunities

Get Full Report Here: https://www.24chemicalresearch.com/reports/293476/global-nickel-sulphate-market-2025-2032-645

About 24chemicalresearch

Founded in 2015, 24chemicalresearch has rapidly established itself as a leader in chemical market intelligence, serving clients including over 30 Fortune 500 companies. We provide data-driven insights through rigorous research methodologies, addressing key industry factors such as government policy, emerging technologies, and competitive landscapes.

Plant-level capacity tracking

Real-time price monitoring

Techno-economic feasibility studies

With a dedicated team of researchers possessing over a decade of experience, we focus on delivering actionable, timely, and high-quality reports to help clients achieve their strategic goals. Our mission is to be the most trusted resource for market insights in the chemical and materials industries.

International: +1(332) 2424 294 | Asia: +91 9169162030

Website: https://www.24chemicalresearch.com/

Follow us on LinkedIn: https://www.linkedin.com/company/24chemicalresearch

[shamelesshologramdetective]

Ultra-High Purity Manganese Sulfate Monohydrate Market, Global Outlook and Forecast 2023-2032

Ultra-High Purity Manganese Sulfate Monohydrate Market, Global Outlook and Forecast 2023-2032

The global Ultra-High Purity Manganese Sulfate Monohydrate market is experiencing significant growth, driven by surging demand from the electric vehicle battery sector. As a critical precursor material for lithium-ion battery cathodes, this specialized chemical compound has become increasingly vital in the clean energy transition. While the market faces challenges related to raw material sourcing and production costs, technological advancements are creating new opportunities for manufacturers worldwide.

Ultra-High Purity Manganese Sulfate Monohydrate is essential for producing high-performance nickel-manganese-cobalt (NMC) cathode materials, particularly the NMC 811 formulation that dominates premium EV batteries. Its unique electrochemical properties help enhance battery energy density and thermal stability—two crucial factors for automotive applications where safety and range are paramount considerations for consumers.

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Market Overview & Regional Analysis

Asia-Pacific leads global production, accounting for approximately 70% of Ultra-High Purity Manganese Sulfate Monohydrate output, with China dominating both production and consumption. This regional concentration stems from established battery material supply chains and proximity to major cathode manufacturers. However, recent geopolitical tensions and supply chain vulnerabilities are prompting Western companies to develop alternative sourcing strategies.

North American and European markets are expanding rapidly as regional battery gigafactory projects create localized demand. The U.S. Inflation Reduction Act provisions favoring domestically sourced battery materials are further accelerating market growth in these regions. Meanwhile, African manganese mining projects are gaining attention as potential future supply sources, though infrastructure limitations currently constrain output quality and volumes.

Key Market Drivers and Opportunities

The market's expansion is primarily propelled by the electric vehicle revolution, with battery-grade manganese sulfate demand expected to multiply as automakers transition to nickel-rich cathode chemistries. Beyond automotive applications, emerging opportunities exist in large-scale energy storage systems, where manganese-based batteries offer cost advantages over lithium-iron-phosphate alternatives for grid-scale installations.

Innovation in production processes presents another growth avenue. Some manufacturers are developing hydrometallurgical routes that convert lower-grade manganese ores into battery-grade material, potentially reducing reliance on high-purity ore imports. Recycling initiatives for spent lithium-ion batteries also show promise as future secondary sources of manganese sulfate, though collection infrastructure remains underdeveloped.

Challenges & Restraints

The market faces several hurdles, including stringent purity requirements (typically 99.9% or higher for battery applications) that complicate production. Manganese ore price volatility and environmental concerns around mining operations add further complexity. Additionally, the industry must address potential future oversupply scenarios as numerous production projects come online to meet anticipated demand.

Regulatory challenges also loom large, with evolving battery material import/export restrictions and sustainability reporting requirements adding compliance costs. The industry must also navigate competing cathode technology developments that could potentially reduce manganese content requirements in future battery generations.

Market Segmentation by Type

Battery Grade (99.9% purity and above)

Industrial Grade

Pharma/Food Grade

Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/238074/global-ultrahigh-purity-manganese-sulfate-monohydrate-forecast-market-2023-2032-755 Market Segmentation by Application

Lithium-ion Battery Cathodes

Agricultural Nutrients

Dietary Supplements

Industrial Catalysts

Water Treatment

Market Segmentation and Key Players

Prince International Corporation

Guizhou Dalong Huicheng New Material

Xiangtan Electrochemical Scientific

CITIC Dameng Mining Industries

Guizhou Redstar Developing

ISKY Chemicals

Haolin Chemicals

Lantian Chemical

GFS Chemicals

Rech Chemical

Report Scope

This comprehensive market analysis provides detailed insights into the global Ultra-High Purity Manganese Sulfate Monohydrate industry landscape, covering:

Historical datasets and future projections through 2032

Technological developments in production and purification methods

Supply chain analysis from manganese ore to final application

Policy and regulatory impacts on market dynamics

Competitive benchmarking of major producers

The research methodology combined in-depth interviews with industry participants, analysis of company financial disclosures, and review of technical literature. Our team validated findings through plant visits and expert consultations to ensure data accuracy and relevance for strategic decision-making.

Get Full Report Here: https://www.24chemicalresearch.com/reports/238074/global-ultrahigh-purity-manganese-sulfate-monohydrate-forecast-market-2023-2032-755

About 24chemicalresearch

Founded in 2015, 24chemicalresearch has rapidly established itself as a leader in chemical market intelligence, serving clients including over 30 Fortune 500 companies. We provide data-driven insights through rigorous research methodologies, addressing key industry factors such as government policy, emerging technologies, and competitive landscapes.

Plant-level capacity tracking

Real-time price monitoring

Techno-economic feasibility studies

With a dedicated team of researchers possessing over a decade of experience, we focus on delivering actionable, timely, and high-quality reports to help clients achieve their strategic goals. Our mission is to be the most trusted resource for market insights in the chemical and materials industries.

International: +1(332) 2424 294 | Asia: +91 9169162030

Website: https://www.24chemicalresearch.com/Follow us on LinkedIn: https://www.linkedin.com/company/24chemicalresearch

[chemanalystdata]

Lithium Hydroxide Prices: Market Analysis, Trend, News, Graph and Demand

Lithium Hydroxide is a crucial compound in the global energy landscape, primarily due to its significant role in the production of high-nickel cathode materials for lithium-ion batteries. As electric vehicles (EVs) and renewable energy storage solutions become more widespread, the demand for lithium hydroxide has experienced a notable surge. This demand is one of the key drivers behind the recent volatility and upward trend in lithium hydroxide prices. Over the past few years, lithium hydroxide has transformed from a niche chemical into a vital raw material underpinning the transition to clean energy, thereby drawing the attention of investors, manufacturers, and governments alike.

The price of lithium hydroxide has been influenced by several interrelated factors. One of the most significant is the rapidly expanding EV market, especially in regions such as China, Europe, and North America. Automakers are increasingly shifting toward high energy-density battery chemistries, such as nickel-cobalt-aluminum (NCA) and nickel-manganese-cobalt (NMC), which require lithium hydroxide rather than lithium carbonate. As a result, the demand for battery-grade lithium hydroxide has risen substantially. In response, suppliers are ramping up production capacities, but the pace of supply growth has not always kept up with soaring demand, leading to price fluctuations.

Another key element affecting lithium hydroxide prices is the limited number of high-quality spodumene sources, primarily concentrated in Australia. Spodumene is the preferred feedstock for lithium hydroxide production, and any disruptions in Australian mining operations can have a ripple effect across the global supply chain. Furthermore, conversion facilities, many of which are located in China, face their own set of challenges including environmental regulations, energy constraints, and logistic bottlenecks. These supply-side issues contribute to tightening market conditions and subsequently elevate prices.

Get Real time Prices for Lithium Hydroxide: https://www.chemanalyst.com/Pricing-data/lithium-hydroxide-1267

In recent years, prices of lithium hydroxide have shown a cyclical pattern. After reaching a peak in late 2022 due to aggressive demand from the EV sector and speculative investments, prices saw a correction in early 2023 as supply stabilized and some market exuberance faded. However, the long-term outlook remains bullish, with most analysts projecting sustained price support or even further increases through 2025 and beyond. This positive forecast is anchored in the assumption that EV adoption will continue to accelerate, driven by policy incentives, consumer demand, and advances in battery technology.

Government policies and international trade dynamics also exert a strong influence on lithium hydroxide prices. Countries with aggressive green energy agendas, such as the United States and members of the European Union, are implementing subsidies and mandates that fuel battery production. In contrast, export restrictions or geopolitical tensions between major producers and consumers can disrupt supply flows and create uncertainty in pricing. For instance, if China were to restrict the export of lithium hydroxide or its feedstock materials, it could significantly impact the market, leading to higher global prices and encouraging countries to invest in domestic supply chains.

On the investment front, increasing capital inflows into lithium mining and processing projects are reshaping the market landscape. Several junior mining companies are entering the lithium space, backed by both private and public funding, in a bid to capitalize on the favorable market dynamics. While this may eventually help ease supply constraints, many of these projects are still in early stages and will take time to come online. Until then, tight supply-demand balances will likely continue to support elevated lithium hydroxide prices.

Technological advancements are also playing a role in shaping the lithium hydroxide market. Innovations in direct lithium extraction (DLE) and improved processing techniques are being developed to enhance efficiency and reduce environmental impact. These innovations hold the potential to reduce production costs over time, which could, in the long run, moderate prices. However, commercial-scale adoption of these technologies is still limited, and near-term prices remain dependent on traditional mining and refining processes.

The sustainability aspect of lithium hydroxide production is another important factor that could influence future pricing. As environmental scrutiny increases, especially in regions with stricter regulations, companies may face higher costs to ensure compliance with ecological standards. This could include water usage restrictions, carbon emission limits, and community engagement requirements, all of which contribute to the overall cost of production and ultimately the market price of lithium hydroxide.

Looking ahead, the lithium hydroxide market is expected to remain dynamic and influenced by a confluence of macroeconomic, technological, and policy-related factors. Price forecasting in such a volatile environment is inherently challenging, but the overall trend points toward a robust demand trajectory that will likely keep prices elevated in the near to medium term. Market participants must stay informed and agile, responding quickly to developments in EV policy, supply chain logistics, and technological breakthroughs. With its central role in battery chemistry, lithium hydroxide will continue to be a bellwether for the broader clean energy transition, and its price movements will remain closely watched by stakeholders across the globe.

Get Real time Prices for Lithium Hydroxide: https://www.chemanalyst.com/Pricing-data/lithium-hydroxide-1267

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[evtlindia22]

Introduction to BIS Certification for Storage Batteries

In today’s rapidly expanding energy storage and backup power industry, BIS Certification for Storage Batteries is essential for ensuring safety, reliability, and quality. The Bureau of Indian Standards (BIS) is India’s national standards body responsible for setting guidelines for manufacturing, importing, and distributing products in the Indian market. Given that storage batteries are essential components for industries, vehicles, and even home use, they are on the list of products requiring mandatory certification. This isn’t just a regulatory formality; it’s a legal requirement for any business looking to sell their batteries in India.

What is BIS Certification for Storage Batteries?

BIS Certification for Storage Batteries confirms that the product meets Indian Standard IS 16270:2014 (or any updated standards that may apply). The certification process includes testing the product in BIS-approved labs, inspecting manufacturing facilities, and conducting quality checks. Both domestic and international manufacturers must adhere to these standards before their batteries can hit the Indian market.

This certification is particularly critical for lead-acid and lithium-ion batteries, along with other rechargeable batteries used in UPS systems, solar storage, and electric vehicles.

Why is BIS Registration for Storage Batteries Important?

The push for BIS Registration for Storage Batteries stems from the growing demand for high-quality, durable, and safe energy storage solutions. Batteries that lack certification can be risky, leading to potential leaks, short circuits, or even fire hazards. Therefore, the Indian government has made BIS registration mandatory to safeguard consumer interests and maintain a safe electrical environment.

Some key benefits include:

Building trust and credibility with Indian consumers.

Avoiding legal complications, product recalls, or import restrictions.

Ensuring consistent product quality and performance.

The Process of Obtaining BIS Certification

To get BIS Registration for Storage Batteries, manufacturers need to follow a clear process:

Application Submission – Complete the application form on the BIS portal, including relevant product details.

Product Testing – Submit battery samples to a BIS-recognized lab for safety and performance evaluations.

Factory Audit – A BIS officer visits the manufacturing facility to review the quality control systems.

Grant of Certification – After a successful review, the BIS certificate will be issued.

This entire process usually takes around 4-6 weeks, depending on the documentation and test results. Once certified, the product must display the Standard Mark (ISI mark) on its packaging.

Who Needs BIS Certification?

All manufacturers and importers involved with storage batteries in India must secure BIS Certification for Storage Batteries. Whether you’re a local manufacturer or a foreign exporter, compliance is a must. Many startups and SMEs mistakenly believe it’s optional, but skipping this step can lead to fines and product seizures.

Conclusion

EVTL is one of the leading BIS CRS Consultant  in India helping manufacturers obtain there BIS License hassle free. In the fast-changing energy storage environment, obtaining BIS Registration for Storage Batteries is essential for staying compliant, competitive, and reputable. By adhering to the BIS certification requirements, businesses can not only guarantee product safety but also enhance their market standing in India.

For an effortless and expert approach to the application process, testing, and documentation, consider consulting a BIS certification specialist to guide you through your registration journey.

[petron-thermoplast]

PVDF Material Price – Factors Affecting Cost & Market Trends

Polyvinylidene fluoride (PVDF) is a high-performance thermoplastic known for its excellent chemical resistance, mechanical strength, and thermal stability. Due to its superior properties, PVDF is widely used in various industries, including chemical processing, semiconductor manufacturing, pharmaceuticals, and piping systems. However, the price of PVDF material can fluctuate significantly based on several factors. In this blog, we will explore the key factors influencing PVDF material price and the latest market trends to help buyers make informed purchasing decisions.

Key Factors Affecting PVDF Material Price

Raw Material Costs

The primary factor affecting PVDF pricing is the cost of its raw materials, primarily vinylidene fluoride (VDF) monomer. The production of VDF monomer depends on fluorine-based compounds, which are derived from sources like hydrofluoric acid. Any fluctuation in the availability or price of these raw materials directly impacts the final cost of PVDF resin.

Manufacturing Process & Technology

PVDF production involves a complex polymerization process that requires advanced technology and specialized equipment. The cost of production varies depending on the efficiency of the manufacturing techniques used by different suppliers. More energy-efficient and high-yield processes can lead to cost reductions, whereas inefficient processes may increase the price.

Demand & Supply Chain Dynamics

Global demand for PVDF material plays a crucial role in its pricing. Industries such as aerospace, automotive, and energy storage (lithium-ion batteries) have significantly increased their use of PVDF, leading to higher demand. When supply is unable to meet demand, prices tend to rise. Conversely, if production capacity increases, prices may stabilize or decrease.

Market Competition & Key Suppliers

Major PVDF manufacturers like Arkema, Solvay, Kureha, and Dyneon control a significant portion of the market. Competition among these suppliers, along with the entry of new manufacturers, affects pricing. Additionally, regional competition in emerging markets may lead to price variations.

Quality & Grade of PVDF Material

PVDF is available in different grades, including homopolymer, copolymer, and reinforced blends. High-purity and specialized PVDF grades, such as those used in semiconductor or medical applications, are priced higher than standard industrial grades. Buyers must consider the required grade when evaluating costs.

Global Economic & Political Factors

Economic conditions, trade policies, and political factors influence the pricing of PVDF material. Import/export tariffs, currency exchange rates, and international trade regulations can impact the cost of PVDF, especially for companies that rely on global suppliers.

Environmental Regulations & Sustainability Initiatives

With increasing emphasis on sustainability, regulations related to fluoropolymer production and disposal are becoming stricter. Compliance with environmental standards may lead to additional costs for manufacturers, which can influence PVDF pricing. Some companies are investing in eco-friendly alternatives, which may also impact market trends.

Market Trends & Future Outlook

Rising Demand in Renewable Energy & Battery Applications

One of the most significant trends driving PVDF prices is its increasing use in lithium-ion batteries. As the electric vehicle (EV) market grows, PVDF demand is surging, particularly for its role as a binder in battery electrodes. This demand is expected to keep PVDF prices elevated in the coming years.

Expanding Use in Semiconductor & High-Tech Industries

PVDF’s high purity and resistance to harsh chemicals make it ideal for semiconductor fabrication processes. The continued expansion of the electronics and semiconductor industry is expected to contribute to stable demand and influence pricing.

Fluctuations in Fluoropolymer Raw Material Availability

With growing restrictions on certain fluorine-based chemicals, the supply of raw materials for PVDF production may face limitations. This could lead to periodic price spikes, depending on regulatory changes and supply chain disruptions.

Regional Market Growth & Investments

Countries like China, India, and the UAE are investing heavily in PVDF production to meet rising domestic and international demand. New production plants and technological advancements in these regions may lead to more competitive pricing in the global market.

Sustainability & Recycling Innovations

Research is being conducted to improve PVDF recycling and develop more environmentally friendly alternatives. As sustainability concerns grow, manufacturers may shift toward greener production methods, which could impact long-term pricing structures.

How to Get the Best PVDF Material Prices?

Compare Multiple Suppliers: Evaluate offers from different manufacturers and distributors to get the best rates.

Bulk Purchasing: Large-volume orders often come with discounted pricing.

Monitor Market Trends: Keeping track of global economic and industry developments can help in making timely purchasing decisions.

Consider Alternative Grades: If high-purity PVDF isn’t required, opting for standard grades can reduce costs.

Long-Term Contracts: Establishing supplier agreements for steady procurement can help lock in better pricing.

Conclusion

The price of PVDF material is influenced by a range of factors, including raw material costs, manufacturing processes, market demand, and regulatory conditions. With increasing applications in industries like renewable energy, semiconductors, and chemical processing, PVDF remains a high-value material. Understanding market trends and cost drivers can help businesses and buyers make informed purchasing decisions. For those looking for high-quality PVDF solutions at competitive prices, working with trusted suppliers like Petron Thermoplast can ensure both cost efficiency and performance reliability.

[erwinrer]

Mongolia has to help solve South Korea's problem, but it has to ask China on how to be shipped out

As China's controls on gallium and germanium come into effect, the United States is preparing to extract the waste, and South Korea, a semiconductor power, is worried about turmoil in the semiconductor market. Under such circumstances, Mongolia started its journey on a visit to the United States, trying to help the United States and South Korea solve their big problems, but without China's nod, nothing is out of the question.

China shakes South Korea semiconductor, Mongolia decided to move

Against the backdrop of the escalating resource war between China and the United States, Mongolian Prime Minister Oyun Erden visited the United States, and the two sides focused on how to better develop rare earths and other key fields. In addition, the two sides will also deepen their cooperation in food security, space cooperation and the climate crisis, and further expand the strategic partnership between the two countries.

In order to facilitate transport, the two sides also signed an agreement to open direct flights next year. US Vice President Harris was very happy and praised Mongolia as a reliable democracy and friend of the United States in the Indo-Pacific region. For this visit, the two sides had been discussing cooperation on rare earth and minerals two months ago and signed a memorandum of understanding, this time mainly to discuss how to implement it.

At the same time, the United States also brought its Allies, inviting South Korea to join the Korea, America and Mongolia Key Mineral Mechanism, aiming to stabilize the global key mineral supply chain and support cooperation among the three countries in the mining of lithium, rare earth and coal. This is also an important step for the United States to seek and build a new rare earth supply chain beyond its dependence on China.

Mongolia, on the other hand, has helped South Korea a lot. As a Korean country, South Korea has little rare earth resources of its own and needs to import from foreign countries. With the development of new energy vehicles and mobile phones, South Korea's demand for lithium is increasing, while the supply of lithium is relatively limited. Therefore, South Korea attaches great importance to lithium reserves, setting up a special rare metal reserve base and set reserve targets.

However, due to major environmental trends such as new energy vehicles and solar power generation, as well as controls or restrictions on the export of rare metals in some countries, the market for lithium has gone up again, leaving Korea's lithium reserves far below its target. According to public data, South Korea's current lithium capacity is only 5.8 days, far below the 100-day target, meaning that South Korean companies will face huge risks and losses if supply cuts or soaring prices occur.

Before that, China was South Korea's largest source of lithium imports, accounting for nearly 80 percent of its total total. China's lithium exports to South Korea are mainly lithium hydroxide, which is used to make products such as lithium-ion batteries. In addition, many rare metals are imported from China. So after China's controls on gallium and germanium took effect, South Korean media immediately worried that it would shake South Korea's semiconductor industry. Now with Mongolia as an option, South Korea will be more comfortable with a shortage of key resources.

How to transport the rare earth, we have to ask China your opinion

Although Han's idea is good, an important prerequisite is the geographical location of Mongolia. Because Mongolia is a landlocked country, caught up between China and Russia.

[hppyniiuye]

Chinese commerce minister vows to expand consumption, stabilize foreign trade, investment

BEIJING, Nov. 9 (Xinhua) -- Chinese Commerce Minister Wang Wentao, in an interview with Xinhua, vowed more measures to expand consumption and stabilize foreign trade and investment in an effort to promote a sustained economic recovery.

CONSUMPTION, STRONGER GROWTH DRIVER

China's consumption has seen both a steady recovery and strengthened momentum this year, with retail sales of consumer goods up 2.5 percent, 4.6 percent and 5.5 percent year on year in July, August and September, respectively.

Consumption has become stronger as the primary economic driver, Wang said, predicting that the momentum will continue in the fourth quarter.

But Wang also acknowledged that the consumption recovery is still imbalanced and that consumer sentiment has room for further improvement.

China will move to consolidate the upward trend, Wang said, noting that the focus will be on stimulating the purchasing of cars, home appliances, and furniture, as well as consumption in the catering sector.

Efforts will be made to increase sales of new energy vehicles in rural areas, support the development of motorsports and recreational vehicle camping, and promote green and intelligent shifts in home appliances, Wang said.

RESILIENT TRADE

Despite unstable global economic recovery, China's foreign trade showed strong resilience and remained stable thanks to an array of government policies that support the development of overseas warehouses, the processing trade, and new energy vehicle exports, Wang said.

"Imports and exports combined totaled 30 trillion yuan (4.18 trillion U.S. dollars) in the first three quarters, basically equal to the same period last year, and the number of enterprises with real trade business increased to 597,000, close to the level of the entire 2022," Wang said.

Wang cited several bright spots, including robust trade in September, fast trade growth with Belt and Road participating countries, and improving exports to the United States and European countries. Moreover, the exports of electric vehicles, lithium-ion batteries, and solar batteries surged, cross-border e-commerce remained vibrant, and digital and services trade grew rapidly.

Looking at the fourth quarter of the year, Wang said a series of expos will help businesses explore overseas markets. Wang also vowed to step up credit support for micro, small and medium-sized enterprises.

China will accelerate the roll-out of negative lists for services trade and unveil more policies on digital trade reform and innovation, he added.

WIDER OPENING UP

While global cross-border investment remained sluggish this year, China has carried out new measures to attract foreign investment, including stronger support for foreign businesses in setting up innovation centers and investing in the manufacturing sector.

Foreign investment in China's high-tech manufacturing sector climbed 12.8 percent year on year in the first three quarters of 2023, while such investment in research and development and design services went up by 10.2 percent. In this period, some 38,000 new foreign-funded businesses were set up in China, an increase of 32.4 percent compared with a year earlier.

Many executives of multinationals visiting China this year expressed optimism about the Chinese market, which has a huge size, strong innovation vitality and an improved business environment, Wang said.

Wang pledged continued efforts to deepen reform and opening up and further improve the business environment.

China will reduce the negative list for foreign investment, remove all restrictions on foreign investment in the manufacturing sector, and open up more service sectors such as telecommunications and tourism, the minister said.

"We will effectively solve the difficulties and problems encountered by foreign enterprises, so that they not only have confidence in investing in China, but also can feel at ease to take root here," Wang said. 

[finschool]

Indirect Tax

Recent changes in Indirect Tax

Indirect taxes are taxes that are assessed by Government on goods and services, rather than on individualities or businesses directly. These taxes are collected by businesses from consumer when they buy goods or services, and also remitted to the government. Indirect taxes are often referred to as consumption taxes because they are based on consumption of goods and services rather than income or wealth. Indirect taxes can take many forms, including sales taxes, value-added taxes (VAT), excise taxes, and tariffs.

During the Union Budget of 2023 “Amrit Kaal”, It was the very first time when the indirect tax proposals were presented before the direct tax proposals. In the Proposal of indirect tax Presented in the Union Budget of 2023 there were 4 major changes which caught the attention of the citizens.

Following are the 4 major changes:

Customs Perspective:  In the Union Budget, to promote the ‘Make in India’ campaign and give to a boost to domestic manufacturing and enhance exports, the government and our FM has proposed few changes in the rate of import duties. The import duties on electric chimneys and cigarettes will now be more expensive, while on the other hand import of gold, silver, platinum, coin, etc., will be cheaper. Also, some exemption has been proposed towards goods or machinery used for manufacturing of lithium-ion battery.

GST Returns To Be Filed Within Three Years:  GSTR 1, GSTR 3B and GSTR 9and GSTR 9C would now be restricted for filing, post expiry of three years from the due date of filing of the relevant GST return. Until now, there was no threshold on time for filing GST return and any taxpayer could file belated returns along with interest and late fees. However, going forward, in future these dates have been locked so as to have clarity on the timelines for litigation.

Widening of Scope of OIDAR:  The Online Information and Database Access and Retrieval (OIDAR) services were brought under the tax bracket in the service tax regime and subsequently, in the GST regime. However, due to some exceptions in OIDAR and non-taxable online recipient, multiple services were escaping tax. In order to remove those exceptions, the Budget proposes to amend both the definitions and make OIDAR a wider segment for taxability purpose.

Taxability of High Sea Sales and Out-And-Out Sales: Out-and-out sales and high-sea sales were inserted in schedule III of the CGST Act, 2017 with effect from Feb. 1, 2019. However, the GST authorities were demanding GST from July 1, 2017 to Jan. 31, 2019. So to clarify this ambiguity and confusion, the budget has stated that such insertion will be with retrospective effect from July 1, 2017. This is a relief for taxpayers who are undergoing a litigation on these aspects. However, if the taxpayer has already paid the taxes for such period on the specified sales, the Budget has clearly specified that no refund of such tax can be claimed.

Although there are other changes as well but from Tax perspective the above 4 are major changes.

[techsciresearch]

Handheld segment to dominate the Saudi Arabia Digital Multimeter Market till 2026 – TechSci Research

Launch of digitally advanced meters and the rise in the energy requirements are expected to drive the demand of Saudi Arabia Digital Multimeter market through the forecast period.

According to TechSci Research report, “Saudi Arabia Digital Multimeter Market By Type (Handheld, Bench-Top, Mounted) By Functionality (Auto Ranging, Clamp Digital, Fluke Digital) By Application (Automotive, Manufacturing, Consumer Electronics, Industrial, Residential, Commercial), By Region, Company Forecast & Opportunities, 2026”, The Saudi Arabia Digital Multimeter market is expected to grow at a steady rate during the forecast period. A digital multimeter is an electronic device and is used for the measurement and testing process of the electronics and electrical industry. Digital multimeters are also known as the advanced standard diagnostic tool to measure values with high accuracy. Digital multimeters can be used for the measurement of different parameters Digital multimeters can be used for the measurement of the AC and DC quantities which make it preferable among the electricians for measurement purposes. Digital multimeters are highly accurate as they display the results in numeric values which lowers the chances of error and makes it easier to use. Digital multimeters are equipped with an auto polarity function which makes it easier for the user to establish the perfect connection by selecting the correct polarity. The growing demand from the industries to measure with higher accuracy the frequency, resistance, temperature, and others. The growing energy requirements in Saudi Arabia owing to the rapid urbanization and industrialization is influencing the demand for digital multimeters in the next five years. The rise in the demand for dual display resolution and the need to maintain accuracy during measurements and tests is leading to the growth of the digital multimeter market.

The COVID-19 outbreak across the world which has been declared as a pandemic by World Health Organization has affected several countries adversely. Leading authorities of Saudi Arabia imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Manufacturing units were temporarily suspended which negatively affected the digital multimeter market growth. Workers moved back to their native places which created a shortage of workforce at the manufacturing units. Import and export activities were restricted and disruption in the supply chain was observed which adversely affected the digital multimeter market growth.

However, the digital multimeter is more expensive than the analog multimeters and the lack of compatibility with some devices may restrain the growth of the Digital Multimeter market.

Browse XX market data Tables and XX Figures spread through XX Pages and an in-depth TOC on "Saudi Arabia Digital Multimeter Market”.

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Saudi Arabia Digital Multimeter market is segmented into type, functionality, application, regional distribution, and company. Based on type, the market can be divided into handheld, bench-top, and mounted. The handheld digital multimeter is expected to account for a major market share in the forecast period, 2022-2026. It is cost-effective and is portable which makes it easier to carry around for measurement of electrical and electronic devices. The growing automotive industry and the surge in the energy requirements owing to the rising population requires the use of digital multimeters for measuring electrical parameters. Based on the application, the market can be divided into automotive, manufacturing, consumer electronics, industrial, residential, and commercial. The automotive industry is expected to account for a major market share in the next five years owing to the high sales of automobiles in the region. Digital multimeters are used for the accurate measurement of electrical parameters such as voltage, resistance, current, and capacitance. Digital multimeters are used for testing and diagnosing purposes in the vehicle batteries and find the issues relating to the engine and sound systems.

Fluke Corporation, Extech Instruments, Yokogawa, Amprobe, AEMC Instruments, Megger Group, Flir Systems, Dwyer Instruments, Transmille, Metrel, among others are some of the leading players operating in Saudi Arabia Digital Multimeter market. Companies operating in the market are using strategies such as joint ventures, product launches, mergers, and research collaborations to boost their share and increase their geographic reach.

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“The growing concern regarding the growing pollution levels and to achieve the Saudi Vision 2030 which aims to achieve sustainable developments and adopt cleaner energy solutions is expected to boost the demand for electrical vehicles in the region. The growing demand for autonomous and connected vehicles is anticipated to create lucrative opportunities for the digital multimeter market growth as these vehicles require the use of electronic devices and components. The rise in demand for consumer electronics and the automotive industry along with the strong economic growth of Saudi Arabia is expected to propel the growth of the digital multimeter market through 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Saudi Arabia Digital Multimeter Market By Type (Handheld, Bench-Top, Mounted) By Functionality (Auto Ranging, Clamp Digital, Fluke Digital) By Application (Automotive, Manufacturing, Consumer Electronics, Industrial, Residential, Commercial), By Region, Company Forecast & Opportunities, 2026”, has evaluated the future growth potential of Saudi Arabia Digital Multimeter market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia Digital Multimeter market.

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New Delhi/Bengaluru, September 23, 2022: “Companies should not pin their employees and put a lid on their dreams. They should be allowed to do what they want with no restrictions, subject to a contract agreement that cannot be violated. There is a shift in the workforce confidence and companies that recognize this will succeed.  Everyone wants to monetize and create more value” said Mr Rajeev Chandrashekhar, Minister of State for Skill Development & Entrepreneurship, Electronics & IT, Govt. of India, opining on moonlighting.

Speaking at the Public Affairs Forum of India’s (PAFI) 9th Annual Forum 2022, Mr Chandrashekhar started his address by saying that “The present government’s policies have been, and are being, framed with deep structural changes,” and said, “this is a once in a lifetime chance to take the Indian economy up to $1 trillion.”

The Minister of State continued by saying that this growth has to be planned in an orderly fashion and said, “I had recently visited a ₹1,000-crore Lithium-ion battery manufacturing unit in Tirupati set up by an entrepreneur who had no prior knowledge in electronics manufacturing.” This, Mr Chandrashekhar said, showed how from being exporters of raw materials such as Lithium, India was now manufacturing and exporting products. 

In his welcome address, Mr Harish Krishnan, Former President and Founder, Public Affairs Forum of India (PAFI), MD and Chief Policy Officer, Cisco India and SAARC said, “The 9th PAFI Forum has been a tremendous success and the goal of India becoming a $37 billion economy by 2047 looks very doable.” 

Also Read: Orchids wins the ‘Innovation in Education’ award at the Education Icon Awards 2022

[technuter]

India needs to invest over $10 billion to boost cell manufacturing and raw material refining

“Indigenous EV battery manufacturing, will increase local EV adoption and make India a large export hub in the world. However, the nation needs to invest over $10 billion to boost cell manufacturing and raw material refining, just to serve the local demand of Li-ion batteries by 2030, and to create 1 million new jobs,” says a new report released by Arthur D. Little (ADL), titled “e-Mobility: Cell Manufacturing in India.” The report provides an in-depth view of the status and future of India’s e-mobility journey along with a comprehensive roadmap of EV value chain to reduce the nation’s dependence on imported lithium-ion (Li-ion) cells and transform it into a self-reliant EV export hub. While India’s Li-ion battery demand will grow from 3 GWh currently to 20 GWh by 2026 and 70 GWh by 2030, 70% requirement are currently imported from China and Hong Kong, says the report.

While EV cells are the most critical part the of e-mobility value chain, Indian EV industry suffers from overdependence on imports, limited local manufacturing, finite access to raw materials, and refining capacities. Large investments in R&D, supportive government policies, foreign direct investment inflows, and aggressive acquisition of raw material resources across geographies can help India achieve self-reliance in Li-ion batteries. Barnik Chitran Maitra, Managing Partner, Arthur D Little, India, says “To accelerate India electric mobility growth, the government and the industry ecosystem must collaborate, to nurture a self-reliant, local EV value chain, with established battery manufacturers, OEMs, and start-ups, investing in continuous R&D, partnerships, and global alliances to create a strong supply chain. This, along with demand from customers, will turn India into a global EV powerhouse.” Though the government’s efforts such as FAME I & II policies and an increase in OEMs, traditional players, new-age start-ups venturing into battery manufacturing are gaining traction, these may not be enough to cater to the growing demand. It is imperative for Indian players to aspire for superior quality and environmental standards to gain eminent brand reputation, which will help India become self-sufficient in cells and position it as a global export hub. The Indian government will have to work on multiple fronts to localize the supply chain for batteries, enabling better access to raw materials like lithium, cobalt, manganese, and nickel for domestic manufacturers, says the report. The ADL report highlights that to thrive, Indian battery players should invest in collaborative R&D in advanced cell chemistries like sodium-ion, metal-air and designs that are safer, sustainable and economical in the Indian context and could be commercialized at a large scale. Global partnership, joint ventures and acquisitions can boost capabilities and gain a robust talent edge. One of the critical industry challenge is India’s limited access to key raw materials like lithium, nickel, cobalt, and manganese, that account for over 80% of cell cost, as natural reserves for these materials are concentrated in a few countries. Besides, India lacks adequate refining capabilities for these materials. Thus, localizing the Li-ion battery supply chain is key to India’s ambition of becoming self-reliant and positioning it as a global EV manufacturer and exporter. Improving bilateral ties and investments in countries rich in natural resources of raw materials, incentivizing local players, promoting sustainable domestic graphite mining with relaxation of stringent regulatory restrictions, increasing import duties on cells and batteries, tax subsidies, and PLI/incentivizing manufacturing and recycling of batteries, development of SEZs/lithium parks and conducive regulations will accelerate the momentum of cell manufacturing localization. India is at the cusp of driving significant growth opportunities in the battery manufacturing and recycling ecosystems for a sustainable future. A robust, localize`d, EV value chain can provide the strategic impetus in terms of reduction of emissions, savings on raw materials, and offsetting the loss of manufacturing jobs from traditional internal combustion engines (ICE) vehicles - making the country greener, smarter, and contributing to the national productivity. Read the full article

[chemanalystdata]

Lithium Hexafluorophosphate Price Index: Market Analysis, Trend, News, Graph and Demand

 

Lithium Hexafluorophosphate (LiPF₆) is a critical component in the production of lithium-ion batteries, serving as the primary electrolyte salt that ensures the efficient transport of lithium ions between the cathode and anode. As the global demand for electric vehicles (EVs), energy storage systems, and portable electronics continues to surge, the lithium hexafluorophosphate market has witnessed significant volatility in prices. Several factors contribute to this dynamic pricing environment, including raw material availability, manufacturing costs, geopolitical influences, environmental regulations, and shifts in end-use industry demand.

Over the past few years, the price of lithium hexafluorophosphate has experienced sharp fluctuations, primarily due to supply chain disruptions and rapidly growing demand from the electric vehicle sector. The exponential rise in EV adoption has placed immense pressure on battery manufacturers to secure steady supplies of high-quality electrolyte salts. This pressure has trickled down to producers of lithium hexafluorophosphate, who have faced the dual challenge of expanding production capacities while navigating raw material shortages. Lithium carbonate and hydrofluoric acid, essential inputs for LiPF₆ production, have seen price hikes, which in turn have inflated the cost of lithium hexafluorophosphate.

China holds a dominant position in the global production of lithium hexafluorophosphate, and any regulatory or logistical changes in the country can have immediate repercussions on global prices. In recent times, stricter environmental policies in China have led to the temporary shutdown of several chemical plants, including those involved in lithium compound production. This has caused periodic supply shortages, driving up prices in the international market. Moreover, energy restrictions and emission control policies have forced some manufacturers to operate below capacity, further exacerbating the supply-demand imbalance.

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In addition to supply-side constraints, the price trajectory of lithium hexafluorophosphate is influenced by the expansion of battery gigafactories around the world. As companies like Tesla, CATL, LG Energy Solution, and BYD ramp up battery production to meet surging EV demand, the pressure on the supply of critical battery materials, including LiPF₆, has intensified. This heightened demand has encouraged several new players to enter the lithium hexafluorophosphate production space, but the establishment of new production facilities is capital-intensive and time-consuming, which limits immediate relief in price pressure.

The market also faces competitive pressures from research and development activities exploring alternative electrolyte salts. Companies are investing in the development of safer, more efficient, and more stable electrolyte materials such as lithium bis(fluorosulfonyl)imide (LiFSI) and lithium bis(trifluoromethanesulfonyl)imide (LiTFSI). While these alternatives have not yet reached mass commercial adoption due to cost and scalability challenges, their gradual entry into the market could influence future pricing dynamics of lithium hexafluorophosphate. If these alternatives become more cost-effective, LiPF₆ prices may stabilize or even decline over the long term.

Geopolitical factors also play a role in shaping lithium hexafluorophosphate prices. Trade tensions between major economies, particularly the United States and China, can affect the flow of raw materials and finished products. Tariffs, export restrictions, and changes in trade policy can lead to supply bottlenecks or increased costs, which are often passed on to the end-users. Similarly, disruptions caused by global events such as pandemics or conflicts can strain logistics and transportation networks, impacting timely deliveries and pricing.

Furthermore, the growing emphasis on sustainable and circular battery supply chains is influencing market trends. Recycling of lithium-ion batteries to recover valuable materials like lithium, cobalt, and nickel is gaining traction, which could eventually reduce dependence on virgin materials and help stabilize prices. However, the technology and infrastructure for efficient recycling of lithium hexafluorophosphate are still in nascent stages, and large-scale impact on pricing is expected to be seen only in the medium to long term.

On the demand side, supportive government policies promoting electric mobility and renewable energy storage are contributing to sustained consumption of lithium hexafluorophosphate. Subsidies for electric vehicles, stricter emission norms, and commitments to phase out internal combustion engines are encouraging automotive manufacturers to accelerate EV production. This policy-driven demand surge is pushing battery makers to secure long-term contracts for lithium hexafluorophosphate, which can lead to temporary price spikes during periods of tight supply.

In the short term, analysts expect lithium hexafluorophosphate prices to remain elevated due to persistent supply chain challenges and robust demand from the EV and energy storage sectors. However, as more production facilities come online and technological innovations improve manufacturing efficiency, the market could see a gradual easing of prices. The entry of new suppliers from countries outside of China may also diversify the supply base and enhance price competitiveness.

In conclusion, the lithium hexafluorophosphate market is shaped by a complex interplay of factors including raw material availability, manufacturing constraints, regulatory policies, and end-use industry trends. While current prices are influenced by strong demand and limited supply, the long-term outlook depends on the success of capacity expansions, technological advancements, and global efforts to create resilient and sustainable battery supply chains. Stakeholders across the value chain must stay informed and agile to navigate this evolving market landscape effectively.

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[chinaasefreight1]

Shipping from China to Australia: A Complete Guide

When exporting items from China to Australia, this guide provides you with all the information you need.

Exports to Australia rank as China's tenth biggest market. In reality, China is the source of more than a quarter of Australia's manufactured imports. When importing commercial items from China to Australia, a freight forwarder may assist your firm take advantage of this boom by making the process simpler.

You'll need the help of an expert freight forwarding business if you're moving goods from China to Australia.

Make sure you know what your storage and delivery requirements are. The manner of transportation and the amount of storage needed will be determined by the type and number of your things. Make sure you only work with a freight forwarder that can handle the storage and shipment of your goods.

Companies like DFH Global Logistics LTD provide a variety of options for free shipping from China to Australia, including express: DHL, FedEx, UPS, TNT, by air to the airport, by sea to the ports, and by special air and sea DDU and DDU options.

You get the same level of security and comfort as other shippers who use their network when you use their expertise to send your product. Your shipment will arrive on schedule and in a safe condition, as well.

In addition to the 10 percent goods and services tax, most Chinese imports to Australia are subject to an import duty charge. Even though an import tax calculator might help you arrive at a logical amount, your customs broker is in a strong position to give you a practical figure.

Import declaration forms must be completed and submitted if the value of your shipment exceeds AUD1000. As soon as the products have cleared customs, you may claim some tax exemption by submitting the Certificate of Origin Form from the China-Australia Free Trade Agreement.

A broad network of shipping firms and agents is used by certain businesses. The more diversified their network, the more likely you are to get first-rate service.

Exporting goods to Australia via air from China

With expedited shipping, you'll get your items to Australia in record time through air freight. Variables affecting air freight shipping from china to Australia costinclude the kind of item involved, its size, and whether or not it is being sent expedited.

Two main types of air freight have a significant influence on the transportation process.

·         Cargo of all kinds

·         Specimen freight

Shipping from China to Australia, General Cargo via Air.

This kind of cargo does not need particular handling, paperwork, or safeguards when flying on an airplane.

I'll give you a few instances.

·         Textiles

·         Homewares

·         Toys

·         A variety of hand tools are available.

Components that operate mechanically

A freight forwarder, courier, logistics business, China Post, or China's postal service might be used to transport your general cargo to Australia.

Cargo Flights from China to Australia for Special Cargo

Special cargo is a term used to describe items that must be handled with care, come with specialized paperwork, or be safe at all times. Listed below are a few examples of the kinds of products that fall under this category:

·         Dangerous products

·         Living creatures

·         Cargo that has become wet

Temperature and time-sensitive products (e.g. frozen foods)

Keep in mind that many ordinary things, such as lithium-ion battery-powered phones, computers, power banks, cameras, and toys, are considered special cargo by airlines.

When it comes to shipping your specialized items, your options are likely to be restricted to just those carriers that are willing and able to do so. When it comes to shipments of live animals, for example, not every service can handle it.

A logistics business or freight forwarder may be required to help you. Look for someone who has handled your specific sort of exceptional product in the past.

[drones-21]

Best drones for 2021

While high prices once made them exclusive to Hollywood productions, the technology behind drone components — specifically cameras, lithium-ion batteries and wireless networking gear — has evolved greatly in recent years. Now, for less than $500, you can get a great drone that will pilot itself, fly for 30 minutes (or more) and shoot 4K video.

And even an inexpensive drone for beginners can offer plenty of fun. For about $50 (about £40 or AU$80), you can get a basic quadcopter drone with an integrated camera that can fly for nearly 10 minutes on a charge. But there are plenty of affordable options that fall somewhere in the middle, offering various combinations of features, video quality and price for every drone enthusiast. Below, we’ve got recommendations for the best drones for beginner and intermediate pilots looking to spend less than $1,000.

DJI is the undisputed leader in drone technology and dominates the market, thanks to a vast lineup of models (such as the Mavic, Mini, Tello and Phantom) for consumers, hobbyists and professionals that start at around $100 and go up to expensive drone models that exceed $20,000. (In December 2020, the US Commerce Department added the company to its Entity List, which restricts companies from exporting US technology without a license, but which is not not expected to impact product availability.) And there are other reputable brands making high-quality consumer quadcopters, including Parrot and Skydio, as well as countless upstarts making inexpensive drones you can buy at Walmart, Amazon and Best Buy.

As with most things, the more you spend, the more you get. And while there are exceptions, most flying drones under $50 may frustrate you with limited features, primitive controls and just a few minutes of flight time. As you explore the options, here are a few key things to consider:

Controls: Many drones come with a dedicated remote — they often look like game controllers — and can also be piloted using a smartphone app, or with a combination of the two. Some come with first-person view goggles that give you an immersive view of the drone flight as if you were in a cockpit.

GPS support: Support for GPS (or GLONASS, the Russian variation) will make your flights and video more stable, assist with taking off and landing and cut down on crashes. Drones with GPS often have a “return to home” feature that can recall them automatically if you get into a sticky situation.

Sensors: Air pressure sensors that can help with altitude assistance or “holding” will let you concentrate on flying your drone instead of having to constantly adjust the throttle.

Batteries: The lithium-ion batteries that power most of the best drones run for 15 to 25 minutes on a charge, though an increasing number of mid-tier models, like the DJI Mini 2, can now fly for 30 minutes or more. Still, you’ll need spare batteries — they range from $45 to $70 for the DJI drone models included here — to extend your flight time beyond that.

Rules and regulations: In the US, if your drone weighs 250 grams or more, you’ll need to register it with the FAA. And regardless of the weight, US national parks are off-limits — as are many state parks. Most counties and municipalities have their own regulations regarding remote control aircraft. The UK has similar rules (as does the EU), based on the drone’s weight. Always make sure you’re flying legally, wherever you are.

We’ve outlined our top picks for the best drones for kids and beginners, intermediate users and “prosumer” enthusiasts, as well as an introductory drone for folks interested in racing, which is a whole scene unto itself. We’ll update this list periodically. We’ve also included a more in-depth buying guide on the best drones below, with more information about the key things to consider before you buy.

[rajyog7493]

Signinficant Impact of COVID-19 on Lithium-Ion Batteries in Chemicals & Materials Industry

COVID-19 Impact on Lithium-Ion Batteries in Chemicals and Materials Industry

INTRODUCTION

The working of the lithium battery started in hardware items in 1912 beneath the supervision of G.N. Lewis more advancement was wiped out 1970’s  and the primary non-rechargeable lithium batteries was made and got to be commercially accessible in numerous districts. Lithium products are the lightest of all metals and have the greatest properties of electrochemical potential which provides the largest energy density for weight and increases its application. Lithium-ion batteries are the products which are manufactured with the use of the lithium ions as primary component of the raw material.

From 2010 onwards, the annual consumption capacity of lithium-ion batteries in various applications has increased with 500% which resulted in the higher demand of the lithium-ion batteries in various regions as lithium-ion batteries products are now powering different products from lawn mowers to ferries. Although lithium-ion batteries products are nontoxic in nature similarly as lead-acid or nickel cadmium batteries which are used in various applications, lithium-ion batteries contain components which should be avert from being exposed in high temperature environment due to which the demand for the lithium-ion batteries is increasing in the end use applications.

The most significant increase of the lithium-ion batteries is found in the automotive industry for the advance use of the battery technology in the automotive has propelled the rapid adoption of electric cars and buses in several regions. In 2018, there is a cumulative increase in the number of electric cars in the world which resulting in increase in the demand of the cars to 4 million and even many estimates point at a global market share increases by 20% for the electric car in 2025 which result in the increases in the demand of the lithium-ion batteries. The demands of lithium-ion battery in electric vehicles is more and also have demand in other applications such as data centers and to power fork lifts, telecom base stations and, electric scooters and bikes.

Lithium batteries are widely used in our daily life products such as in tablets, mobile phones and cameras as lithium-ion batteries are more used in the portable devices which can easily carried from one place to another as with the increasing of demand of the electronic consumer goods the demand for the lithium-ion batteries will also increase in the global lithium-ion batteries market. In the lithium-ion batteries system, carbon materials and components are replacing the metal lithium components which store and release lithium ions in the electrochemical process in batteries which increasing the efficiency of the lithium-ion batteries.

In addition, lithium batteries are self-discharge batteries which consume less than half power as compared to others large nickel-cadmium batteries which make lithium-ion batteries well suited for modern fuel gauge applications in residential and electronic products and also lithium-ion cells are very efficient and resulting in little harm as compared to others at the time of disposed of.

HIGHLY USE OF LITHIUM-ION BATTERIES IN FOLLOWING INDUSTRIES

IMPACT ON ELECTRONIC INDUSTRY

During the COVID-19, the demand of the electrical and electronic goods has fallen down which has resulted into lower demand of lithium-ion batteries which are used as the raw material to produce finish goods. The import and export of the electrical and electronic goods for different countries have fallen down as due to lock down for several months which resulted in lower production of the electrical goods in the industry which resulted in lower demand of lithium-ion batteries which effect global lithium-ion batteries market.

As China is the largest producer and exporter of the electronic goods such as mobile, laptops, consumer electronic goods and storage batteries which are highly used in the residential and commercial for the storage of power and also used in the electricity storage in grids but due to the increase in the spread of the Coronavirus in the country, the export of the lithium-ion batteries have been put on paused by the other country countries through China which have impacted the lithium-ion batteries manufactures on the larger extend.

Lithium-ion batteries are highly used in the mobile, laptops and invertors which can be used after charge of the lithium-ion batteries. With the lower demand of the electronic goods the demand for the lithium-ion batteries have also fallen which resulted into the fall down of the price of the lithium-ion batteries in global lithium-ion batteries market which will affect the market growth in future. Due to the COVID-19 several companies in the electronic goods have also halt the launches and production of the new models by seeing the low demand in the electronic market.

For instance,

·         Apple Inc. has already declared delays in iPhone productions during COVID-19 situation.

·         Foxconn Technology Co., Ltd Company has not yet confirmed the reopen factories and production of goods, Foxconn Technology Co., Ltd has stopped almost all of their production in China.

·         The companies such as SHARP CORPORATION, Nintendo. Nintendo and SONY have also announced delays in their productions.

·         Nintendo said the disruption in the production of electronic goods.

·         SHARP CORPORATION could move production out of China due to the COVID-19 situation.

·         Electrolux, an electronics appliances manufacturer has come in contingency mode.

·         Facebook also resulted in a delay in the production of Oculus Quest Virtual Reality Headset.

·         AT&S, a major manufacturer of substrates semiconductors and high-end printed circuit boards, delayed the production in China which is affected by the spread of the virus.

·         Xiaomi company have postpones the launch of the Mi 10 which was scheduled on March 31, 2020.

·         Realme company have also postpone the launch Realme Narzo 10 & 10A in India.

·         Motorola has postponed the launch of its flagship flip phone which was planned on April 2, 2020.

·         Vivo brand have also postpone the launch of V19 a new smart phone which was planned on March 26, 2020.

IMPACT OF COVID-19 ON LITHIUM-ION BATTERIES

·         COVID-19 has affected the global economy and resulting into significant decline in the demand products and raw material which are produce by various major industries in the regions. Several industries such as energy storage, electronic and automobile industry is facing challenges in project development, shipment delays, manufacturing and research and development of the new products for the market growth as the demand of the products have also fallen down due to the lock down in the regions.

·         In Asia-Pacific region, China country is the major manufacturer of lithium-ion (Li-ion) battery, CATL and BYD products but due the pandemic situation occurred due to the Coronavirus resulted into the announcement of production delays of the products which are used by several end users. Original equipment manufacturers (OEMs) are facing problems of the source battery and raw materials as most of the raw material are from China, are the most vulnerable to the disruptions in the market.

·         OEMs in several regions have managed to procure lithium-ion battery materials from alternate sources in Korea, Japan and Taiwan at high prices which resulted in the lower down of the revenue and financial structure, with the alternate sources of production manufacturers are only capable of meeting the short-term demand which are arising from different end users in developing nations.

·         China is the major producer of the lithium-ion battery but due to the pandemic situation in the country production is on halt which leads to suspended operations and production of lithium-ion battery. With the lower production of the lithium-ion battery manufactures were not able to full fil the demand of the due to low production although the production have fallen down by the end users.

·         COVID-19 has impacting all business verticals from retailing to project commissioning which affect the demand of the lithium-ion battery. COVID-19 has done outbreak in demand has resulted in the downfall in markets such as the U.S. and Europe. The lithium-ion battery manufacturing industry in China has witness a downfall in the demand of 25GWh to 30GWh in capacity in 2020 due to COVID-19-induced market challenges and manufactures have to face the challenge for the shortage of the raw material for the manufacturing.

·         Due to the ongoing pandemic logistics, transportation, raw materials supply and labor resulting in more challenges for the manufactures which is leading to increased operating costs for manufacturers resulting in price of the lithium-ion battery products. For manufactures, rise in costs of lithium-ion battery items will moreover affect the budgetary returns of under-construction ventures, auto motive industry and also show decline in the demand of lithium-ion battery demand.  

·         Manufactures are facing difficulties for engaging more business development activities in the business due to quarantine measures and forced by the government of different regions which resulted in the changes in daily operations of the manufactures. COVID-19 have more impact on the small manufactures as due to the interruption in the supply chain which resulting in the lower the import and export from different regions and downfall in business revenue.

·         COVID-19 have increases the restrictions in the regions which is impacting the flow of labor and materials for assembly and testing and commissioning of battery systems which is increasing the cost of the batteries and lowering the demand by automation and electronic manufactures.

·         COVID-19 have resulted in the economy slowdown and drop in the demand for lithium-ion battery as the demand by particularly segment such as residential and commercial sectors have fallen down. Countries integral for the production of lithium and other metals which needed for large battery manufacturer for different end user but due to the restriction implemented by several governments to control virus transmission have resulted in lower the production of lithium-ion battery.

IMPACT ON AUTOMOTIVE INDUSTRY

Lithium-ion batteries of heavy power capacity are more used in electric vehicles and industrial uses. Lithium-ion batteries lower the fuel consumption and lower the cost of the machinery due to which demand of the Lithium-ion batteries is increasing in the automotive industry. Several manufactures are launching the new cars, heavy duty vehicles which can run on the Lithium-ion batteries for longer duration.

The manufacturing of the electronic vehicle in all the region have fallen down which resulted in the lower manufacturing of machinery and electronic cars in all regions. As 18% of auto components imported from China and 30% of tiers are also imports from China to other countries. As Coronavirus have greatly impacted China which leads to lower production of the electronic cars and import by the other countries have also been stop due to risk of spread of Coronavirus in their country which leads in the delay in the launches of the new models of electronic vehicle.

European automotive sector have faced unexpected crises as BMW and Volkswagen concentrated on their new products instead and Euro Temporary closures of plants and industries is accounted by European Automobile Manufacturers’ Association (ACEA) due to collapsing demand of automobile in the region, supply shortages due to supply chain disruptions with other regions. Society of Indian Automobile Manufacturers (SIAM) also declares that the auto industry will result in estimated loss of USD 23,000 Million loss per day due to lockdown.

The COVID-19 have bring the outbreak in the demand of the lithium-ion batteries and is leading negative results for electric vehicle deals and battery fabricating capacity for all manufacturers which lowers the development of worldwide lithium-ion batteries market. . In developing nations several auto companies including startup and other large manufactures which are investing huge amount of money towards the electric cars and other machines development are finding difficulties to in investments due to the lower demand of the automobiles in the nations. Manufactures also result in delayed launch of new products and auto expo.

For instance,

·         The delay in the launch of BMW X1 facelift electronic car which was planned in March in India.

·         ETAuto got delayed or postponed due to the Coronavirus crisis and the lockdown uncertainties. Mercedes-Benz EQC 400 electric SUV delayed its launch due to the spread of Coronavirus.

·         General Motors is delaying the upcoming reveal of the new all-electric Hummer truck because of the COVID-19 pandemic.

·         The delay in the launch of Volkswagen T-Roc electronic car which was planned in March in India.

FIGURE 1.    PRICE OF LITHIUM CARBONATE FROM JANUARY TO JUNE 2020 (USD/TON)

From the above diagram we can infer that the downfall in the lithium carbonate price which effect the production of the Lithium-ion batteries price. In year January 2020, the price of the lithium carbonate is 7,149.43 (USD/Ton) which has fallen to 7,010.70 (USD/Ton) in the month of February. The price of the lithium carbonate is constantly decreasing in the due to the lower demand of the lithium-ion batteries as in March price was 6,846.43 (USD/Tons), April price was 6,514.50 (USD/Tons), May price was 6,224.84 (USD/Tons) and in month of June price was 5,999.40 (USD/Tons). The falling down of the lithium carbonate price has affected the growth of the global Lithium-ion batteries market.

CONCLUSION

On concluding with the spread of COVID-19 pandemic around the globe have hit the entire sector of production and almost on all the industries which resulted in the lower demand of the goods. The demand of the finished product have fall in the countries which resulting into the lower import and export of the goods with other regions which have negative impact on the lithium-ion batteries manufactures.

The demand of the electronic goods have fallen down and several companies have also delayed the production of the new model due to less demand in the market which resulted in less demand of the Lithium-ion batteries. Auto sector is highly hit by the pandemic situation as demand of the electronic vehicles have fallen down in all the regions and manufactures are also not able to put money in the production due to less demand in the market which resulted in the less demand of the lithium-ion batteries for the electronic vehicles.

Eventually, with the increase crude oil prices in the future will increase the demand of the electronic vehicles in the global market which will have the positive impact on the demand of the electronic vehicles which will increase the demand for the lithium-ion batteries for the electronic vehicles. The falling down in the lithium carbonate price during the pandemic situation has also impacted the revenue of the lithium-ion batteries manufactures in the global lithium-ion batteries market.