[{"data":1,"prerenderedAt":754},["ShallowReactive",2],{"ticker-data":3,"story-article/chinas-overseas-anode-push-expands-with-shinzooms-planned-morocco-plant":550},[4,52,82,112,148,186,229,261,297,336,378,419,460,490,520],{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":8,"today":9,"last":10,"percentageChange":11,"yearToDate":12,"yearOnYear":13,"oneYearIndexTrend":14,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"2026-10-14","2wk","Updated every 2 weeks","Lithium",317.07,322.34,-1.64,35.66,90.62,[15,16,18,21,24,27,30,33,36,39,42,45],{"date":5,"value":9},{"date":17,"value":10},"2026-09-30",{"date":19,"value":20},"2026-09-16",354.99,{"date":22,"value":23},"2026-09-02",385.07,{"date":25,"value":26},"2026-08-19",372.67,{"date":28,"value":29},"2026-08-05",367.54,{"date":31,"value":32},"2026-07-22",388.26,{"date":34,"value":35},"2026-07-08",399.4,{"date":37,"value":38},"2026-06-24",410.62,{"date":40,"value":41},"2026-06-10",427.77,{"date":43,"value":44},"2026-05-27",449.85,{"date":46,"value":47},"2026-05-13",451.12,"/lithium/prices",null,false,true,{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":53,"today":54,"last":55,"percentageChange":56,"yearToDate":57,"yearOnYear":58,"oneYearIndexTrend":59,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"Lithium Carbonate",256.83,278.71,-7.85,1.12,46.89,[60,61,62,64,66,68,70,72,74,76,78,80],{"date":5,"value":54},{"date":17,"value":55},{"date":19,"value":63},300.39,{"date":22,"value":65},306.07,{"date":25,"value":67},297.22,{"date":28,"value":69},296.63,{"date":31,"value":71},309.38,{"date":34,"value":73},317.2,{"date":37,"value":75},330.54,{"date":40,"value":77},346.5,{"date":43,"value":79},358.35,{"date":46,"value":81},350.28,{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":83,"today":84,"last":85,"percentageChange":86,"yearToDate":87,"yearOnYear":88,"oneYearIndexTrend":89,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"Lithium Hydroxide",292.05,311.1,-6.12,43.7,92,[90,91,92,94,96,98,100,102,104,106,108,110],{"date":5,"value":84},{"date":17,"value":85},{"date":19,"value":93},339.85,{"date":22,"value":95},352.45,{"date":25,"value":97},341.12,{"date":28,"value":99},337.87,{"date":31,"value":101},354.36,{"date":34,"value":103},364.06,{"date":37,"value":105},376.67,{"date":40,"value":107},393.29,{"date":43,"value":109},411.01,{"date":46,"value":111},408.51,{"publishedDate":5,"updateFrequency":113,"updateFrequencyText":114,"label":115,"today":116,"last":117,"percentageChange":118,"yearToDate":119,"yearOnYear":120,"oneYearIndexTrend":121,"url":147,"subscription":49,"isProtected":50,"hasAccess":51},"1wk","Updated every week","Cobalt",171.41,173.83,-1.39,-27.13,-1.06,[122,123,125,126,129,131,133,136,138,141,142,145],{"date":5,"value":116},{"date":124,"value":117},"2026-10-07",{"date":17,"value":117},{"date":127,"value":128},"2026-09-23",175.44,{"date":19,"value":130},178.66,{"date":22,"value":132},189.92,{"date":134,"value":135},"2026-08-26",192.6,{"date":25,"value":137},199.83,{"date":139,"value":140},"2026-08-12",217.25,{"date":28,"value":140},{"date":143,"value":144},"2026-07-29",221.25,{"date":31,"value":146},224.44,"/cobalt/prices",{"publishedDate":149,"updateFrequency":6,"updateFrequencyText":7,"label":150,"today":151,"last":152,"percentageChange":153,"yearToDate":154,"yearOnYear":155,"oneYearIndexTrend":156,"url":185,"subscription":49,"isProtected":50,"hasAccess":51},"2026-10-21","Nickel",107.13,114.04,-6.06,-11.27,-0.65,[157,158,159,161,164,166,168,170,173,176,179,182],{"date":149,"value":151},{"date":124,"value":152},{"date":127,"value":160},116.1,{"date":162,"value":163},"2026-09-09",119.13,{"date":134,"value":165},119.61,{"date":139,"value":167},121.04,{"date":143,"value":169},121.19,{"date":171,"value":172},"2026-07-15",122.66,{"date":174,"value":175},"2026-07-01",125.61,{"date":177,"value":178},"2026-06-17",131.5,{"date":180,"value":181},"2026-06-03",134.65,{"date":183,"value":184},"2026-05-20",135.83,"/nickel/prices",{"publishedDate":17,"updateFrequency":187,"updateFrequencyText":188,"label":189,"today":190,"last":191,"percentageChange":192,"yearToDate":193,"yearOnYear":194,"oneYearIndexTrend":195,"url":228,"subscription":49,"isProtected":50,"hasAccess":51},"1mo","Updated every month","Natural Graphite",78.45,80.18,-2.16,-3.84,-4.03,[196,197,199,202,205,208,211,214,217,220,223,226],{"date":17,"value":190},{"date":198,"value":191},"2026-08-28",{"date":200,"value":201},"2026-07-31",80.66,{"date":203,"value":204},"2026-06-30",82.87,{"date":206,"value":207},"2026-05-29",82.99,{"date":209,"value":210},"2026-04-30",82.93,{"date":212,"value":213},"2026-03-31",82.39,{"date":215,"value":216},"2026-02-27",81.92,{"date":218,"value":219},"2026-01-30",81.69,{"date":221,"value":222},"2025-12-31",81.58,{"date":224,"value":225},"2025-11-28",81.35,{"date":227,"value":225},"2025-10-31","/natural-graphite/prices",{"publishedDate":17,"updateFrequency":187,"updateFrequencyText":188,"label":230,"today":231,"last":232,"percentageChange":233,"yearToDate":234,"yearOnYear":235,"oneYearIndexTrend":236,"url":260,"subscription":49,"isProtected":50,"hasAccess":51},"Anode Coke",86.15,81.86,5.24,15.73,19.78,[237,238,239,241,242,244,246,248,250,252,254,257],{"date":17,"value":231},{"date":200,"value":232},{"date":203,"value":240},80.54,{"date":206,"value":240},{"date":209,"value":243},84.01,{"date":212,"value":245},79.79,{"date":215,"value":247},75.72,{"date":218,"value":249},74.61,{"date":221,"value":251},74.44,{"date":227,"value":253},72.75,{"date":255,"value":256},"2025-09-30",71.92,{"date":258,"value":259},"2025-08-29",71.46,"/synthetic-graphite/prices",{"publishedDate":262,"updateFrequency":187,"updateFrequencyText":188,"label":263,"today":264,"last":265,"percentageChange":266,"yearToDate":267,"yearOnYear":268,"oneYearIndexTrend":269,"url":296,"subscription":49,"isProtected":50,"hasAccess":51},"2026-10-15","Anode",80.45,80.24,0.27,1.81,3.2,[270,271,273,275,276,278,281,284,287,289,291,293],{"date":262,"value":264},{"date":272,"value":265},"2026-09-15",{"date":274,"value":265},"2026-08-17",{"date":171,"value":265},{"date":277,"value":265},"2026-06-15",{"date":279,"value":280},"2026-05-15",79.16,{"date":282,"value":283},"2026-04-15",81.98,{"date":285,"value":286},"2026-03-16",79.03,{"date":288,"value":286},"2026-02-16",{"date":290,"value":286},"2026-01-15",{"date":292,"value":286},"2025-12-15",{"date":294,"value":295},"2025-11-17",77.79,"/anode/prices",{"publishedDate":298,"updateFrequency":187,"updateFrequencyText":188,"label":299,"today":300,"last":301,"percentageChange":302,"yearToDate":303,"yearOnYear":304,"oneYearIndexTrend":305,"url":335,"subscription":49,"isProtected":50,"hasAccess":51},"2026-08-01","Cathode",73.32,77.21,-5.04,14.41,55.07,[306,307,308,311,314,317,320,323,325,327,329,332],{"date":298,"value":300},{"date":174,"value":301},{"date":309,"value":310},"2026-06-01",80.32,{"date":312,"value":313},"2026-05-01",81.71,{"date":315,"value":316},"2026-04-01",77.27,{"date":318,"value":319},"2026-03-01",81.99,{"date":321,"value":322},"2026-02-01",80.5,{"date":290,"value":324},72.79,{"date":292,"value":326},64.08,{"date":294,"value":328},62.01,{"date":330,"value":331},"2025-10-15",53.51,{"date":333,"value":334},"2025-09-15",49.5,"/cathode/prices",{"publishedDate":337,"updateFrequency":187,"updateFrequencyText":188,"label":338,"today":339,"last":340,"percentageChange":341,"yearToDate":342,"yearOnYear":343,"oneYearIndexTrend":344,"url":377,"subscription":49,"isProtected":50,"hasAccess":51},"2025-03-31","Lithium ion Batteries",74.53,71.3,4.53,-1.6,-20.88,[345,346,348,351,354,357,360,363,366,368,371,374],{"date":337,"value":339},{"date":347,"value":340},"2025-02-28",{"date":349,"value":350},"2025-01-31",71.45,{"date":352,"value":353},"2024-12-31",75.74,{"date":355,"value":356},"2024-11-29",76.98,{"date":358,"value":359},"2024-10-31",77.34,{"date":361,"value":362},"2024-09-30",77.43,{"date":364,"value":365},"2024-08-30",80.56,{"date":367,"value":207},"2024-07-31",{"date":369,"value":370},"2024-06-28",87.2,{"date":372,"value":373},"2024-05-31",90.7,{"date":375,"value":376},"2024-04-30",93.2,"/battery-gigafactory/prices",{"publishedDate":379,"updateFrequency":6,"updateFrequencyText":7,"label":380,"today":381,"last":382,"percentageChange":383,"yearToDate":384,"yearOnYear":385,"oneYearIndexTrend":386,"url":418,"subscription":49,"isProtected":50,"hasAccess":51},"2026-10-08","Black Mass",37.11,38.95,-4.72,-14,18.31,[387,388,390,393,396,399,402,405,408,411,414,416],{"date":379,"value":381},{"date":389,"value":382},"2026-09-24",{"date":391,"value":392},"2026-09-10",42.03,{"date":394,"value":395},"2026-08-27",43.88,{"date":397,"value":398},"2026-08-13",42.33,{"date":400,"value":401},"2026-07-30",43.42,{"date":403,"value":404},"2026-07-16",46.74,{"date":406,"value":407},"2026-07-02",46.01,{"date":409,"value":410},"2026-06-18",49.57,{"date":412,"value":413},"2026-02-12",47.34,{"date":415,"value":410},"2026-01-29",{"date":290,"value":417},43.15,"/recycling/black-mass-prices",{"publishedDate":262,"updateFrequency":187,"updateFrequencyText":188,"label":420,"today":421,"last":422,"percentageChange":423,"yearToDate":424,"yearOnYear":425,"oneYearIndexTrend":426,"url":459,"subscription":49,"isProtected":50,"hasAccess":51},"Rare Earths",172.08,171.72,0.21,20.59,30.21,[427,428,430,433,436,439,442,445,448,451,454,457],{"date":262,"value":421},{"date":429,"value":422},"2026-10-01",{"date":431,"value":432},"2026-09-03",170.83,{"date":434,"value":435},"2026-08-20",169.63,{"date":437,"value":438},"2026-08-06",172.28,{"date":440,"value":441},"2026-07-23",173.94,{"date":443,"value":444},"2026-07-09",171.69,{"date":446,"value":447},"2026-06-25",168.55,{"date":449,"value":450},"2026-06-11",165,{"date":452,"value":453},"2026-05-28",163.89,{"date":455,"value":456},"2026-05-14",172.63,{"date":209,"value":458},175.6,"/rare-earths/prices",{"publishedDate":198,"updateFrequency":187,"updateFrequencyText":188,"label":461,"today":462,"last":463,"percentageChange":464,"yearToDate":465,"yearOnYear":466,"oneYearIndexTrend":467,"url":377,"subscription":49,"isProtected":50,"hasAccess":51},"NCM Mid-Nickel",152.7,162.48,-6.02,17.38,53.11,[468,469,470,472,474,476,478,480,482,484,486,488],{"date":198,"value":462},{"date":200,"value":463},{"date":203,"value":471},171.08,{"date":206,"value":473},173.65,{"date":209,"value":475},164.53,{"date":212,"value":477},157.28,{"date":215,"value":479},151.44,{"date":218,"value":481},144.5,{"date":221,"value":483},130.09,{"date":224,"value":485},124.6,{"date":227,"value":487},122.35,{"date":255,"value":489},103.5,{"publishedDate":198,"updateFrequency":187,"updateFrequencyText":188,"label":491,"today":492,"last":493,"percentageChange":494,"yearToDate":495,"yearOnYear":496,"oneYearIndexTrend":497,"url":377,"subscription":49,"isProtected":50,"hasAccess":51},"NCM High-Nickel",144.45,149.67,-3.49,26.69,49.06,[498,499,500,502,504,506,508,510,512,514,516,518],{"date":198,"value":492},{"date":200,"value":493},{"date":203,"value":501},157.37,{"date":206,"value":503},160,{"date":209,"value":505},149.53,{"date":212,"value":507},141.97,{"date":215,"value":509},136.99,{"date":218,"value":511},129.81,{"date":221,"value":513},114.02,{"date":224,"value":515},109.17,{"date":227,"value":517},109.02,{"date":255,"value":519},99.44,{"publishedDate":198,"updateFrequency":187,"updateFrequencyText":188,"label":521,"today":522,"last":523,"percentageChange":524,"yearToDate":525,"yearOnYear":526,"oneYearIndexTrend":527,"url":377,"subscription":49,"isProtected":50,"hasAccess":51},"LFP",229.17,218.34,4.96,49.35,83.44,[528,529,530,532,534,536,538,540,542,544,546,548],{"date":198,"value":522},{"date":200,"value":523},{"date":203,"value":531},239.1,{"date":206,"value":533},258.32,{"date":209,"value":535},239.37,{"date":212,"value":537},213.01,{"date":215,"value":539},204.49,{"date":218,"value":541},218.06,{"date":221,"value":543},153.45,{"date":224,"value":545},134.02,{"date":227,"value":547},118.22,{"date":255,"value":549},111.93,{"id":551,"uuid":552,"name":553,"slug":554,"full_slug":555,"content":556,"relatedArticles":752,"relatedVideos":753},112469613282708,"a16ed654-43f1-47f2-a800-271b2621586b","China’s overseas anode push expands with Shinzoom’s planned Morocco plant","chinas-overseas-anode-push-expands-with-shinzooms-planned-morocco-plant","article/chinas-overseas-anode-push-expands-with-shinzooms-planned-morocco-plant",{"_uid":557,"date":558,"tags":559,"editor":575,"content":585,"excerpt":730,"featured":51,"reporter":731,"_editable":735,"component":736,"seo_title":553,"categories":737,"visibility":743,"author_company":49,"featured_image":744,"seo_description":730,"author_full_name":49,"author_job_title":49,"formattedDate":750,"formattedArticleDate":751},"44197d88-15b0-41c8-946f-8ce6418d66a6","2024-05-07 00:00",[560,563,566,569,572],{"slug":561,"name":562},"china","China",{"slug":564,"name":565},"europe","Europe",{"slug":567,"name":568},"morocco","Morocco",{"slug":570,"name":571},"shanshan","Shanshan",{"slug":573,"name":574},"us","US",[576],{"slug":577,"name":578,"content":579},"didi-bostock","Didi Bostock",{"job_title":580,"image":581,"bio":583,"linkedin":584},"Editor - Energy Transition & Economics",{"filename":582},"https://a.storyblok.com/f/287943243085208/512x512/2c5ca5c1a3/didi-bostock.jpeg","Didi is the Energy Transition & Economics Editor at Benchmark, covering a broad range of markets across the energy transition. His remit spans from downstream sectors such as BESS and EVs, through to midstream such as new technologies and battery production, to upstream critical minerals mining. He also leads on financial analysis across these supply chains, alongside in-depth policy analysis.\n","https://www.linkedin.com/in/didi-bostock-656342198/",{"type":586,"content":587},"doc",[588,595,600,605,620,625,638,651,658,670,675,680,685,690,695,700,705,710,715,720,725],{"type":589,"attrs":590,"content":591},"paragraph",{"textAlign":49},[592],{"text":593,"type":594},"Chinese anode producer Shinzoom is looking to build an integrated anode material facility in Morocco as overcapacity in China drives a search for overseas markets.","text",{"type":589,"attrs":596,"content":597},{"textAlign":49},[598],{"text":599,"type":594},"Shinzoom, also known as Hunan Zhongke, says its total planned investment for the Moroccan plant will not exceed RMB 5 billion ($690 million), with annual capacity to be 100,000 tonnes. ",{"type":589,"attrs":601,"content":602},{"textAlign":49},[603],{"text":604,"type":594},"“Shinzoom’s recent announcement highlights the ongoing trend of Chinese anode majors expanding their presence to overseas regions. Faced with intense competition domestically, these companies are going to regions where the anode supply pipeline fails to meet forecast demand,” said Tony Alderson, Benchmark analyst.",{"type":589,"attrs":606,"content":607},{"textAlign":49},[608,610,618],{"text":609,"type":594},"A global anode surplus of under 400,000 tonnes is expected in 2024, according to the ",{"text":611,"type":594,"marks":612},"Benchmark Anode Forecast",[613],{"type":614,"attrs":615},"link",{"href":616,"uuid":49,"anchor":49,"target":49,"linktype":617},"https://www.benchmarkminerals.com/forecasts/anode/reports/","url",{"text":619,"type":594},", pushing Chinese producers to cut costs and sacrifice margins to retain market share. ",{"type":589,"attrs":621,"content":622},{"textAlign":49},[623],{"text":624,"type":594},"“Alongside Shinzoom’s commitment, there are reports suggesting that BTR is also considering investments in anode operations in Morocco,” said Alderson.",{"type":589,"attrs":626,"content":627},{"textAlign":49},[628,630,636],{"text":629,"type":594},"Europe and the US together are expected to have an ",{"text":631,"type":594,"marks":632},"anode deficit",[633],{"type":614,"attrs":634},{"href":635,"uuid":49,"anchor":49,"target":49,"linktype":617},"https://source.benchmarkminerals.com/article/us-anode-pipeline-grows-150-since-ira-but-large-north-american-deficit-still-forecast",{"text":637,"type":594}," of over 500,000 tonnes in 2024, presenting attractive markets for pressured Chinese producers. ",{"type":589,"attrs":639,"content":640},{"textAlign":49},[641,643,649],{"text":642,"type":594},"Shinzoom’s investment also belongs to a more general wave of ",{"text":644,"type":594,"marks":645},"Chinese battery investments into Morocco",[646],{"type":614,"attrs":647},{"href":648,"uuid":49,"anchor":49,"target":49,"linktype":617},"https://source.benchmarkminerals.com/article/how-saudi-arabia-and-morocco-are-shaping-the-ev-battery-supply-chain",{"text":650,"type":594}," over the last year. The company has become the seventh Chinese battery or battery materials producer to announce planned capacity there since the start of 2023. ",{"type":652,"attrs":653,"content":655},"heading",{"level":654,"textAlign":49},4,[656],{"text":657,"type":594},"Who is Shinzoom?",{"type":589,"attrs":659,"content":660},{"textAlign":49},[661,663,668],{"text":662,"type":594},"Hunan-headquartered Shinzoom is an established natural and synthetic anode active materials producer. It operates 215,000 tonnes in nameplate capacity for anode active material production in China, with a further 495,000 tonnes in the pipeline, according to ",{"text":664,"type":594,"marks":665},"Benchmark’s Anode Forecast",[666],{"type":614,"attrs":667},{"href":616,"uuid":49,"anchor":49,"target":49,"linktype":617},{"text":669,"type":594},". ",{"type":589,"attrs":671,"content":672},{"textAlign":49},[673],{"text":674,"type":594},"The Moroccan anode plant would become its first ex-China anode facility.",{"type":589,"attrs":676,"content":677},{"textAlign":49},[678],{"text":679,"type":594},"According to Benchmark’s anode manufacturer tiering system, Shinzoom is a Tier 1 producer, meaning that it is qualified to supply multinational electric vehicle (EV) producers outside of China and has over 10,000 tonnes of annual production capacity. ",{"type":652,"attrs":681,"content":682},{"level":654,"textAlign":49},[683],{"text":684,"type":594},"Why is their announcement important?",{"type":589,"attrs":686,"content":687},{"textAlign":49},[688],{"text":689,"type":594},"Shinzoom’s announcement sits at the confluence of two battery investments trends: the expansion of Chinese anode producers abroad and the rise of Chinese battery supply chain investments in Morocco specifically. ",{"type":589,"attrs":691,"content":692},{"textAlign":49},[693],{"text":694,"type":594},"There have been five major Chinese investments into overseas anode capacity since 2022 across the US, Asia, and Europe.",{"type":652,"attrs":696,"content":697},{"level":654,"textAlign":49},[698],{"text":699,"type":594},"Major Chinese overseas anode capacity investments since 2022",{"type":589,"attrs":701,"content":702},{"textAlign":49},[703],{"text":704,"type":594},"Source: Benchmark Anode Forecast, company announcements",{"type":652,"attrs":706,"content":707},{"level":654,"textAlign":49},[708],{"text":709,"type":594},"Why Morocco?",{"type":589,"attrs":711,"content":712},{"textAlign":49},[713],{"text":714,"type":594},"Shinzoom, as well as other Chinese battery materials producers, have chosen Morocco primarily because it is a free trade partner to both the US and EU. ",{"type":589,"attrs":716,"content":717},{"textAlign":49},[718],{"text":719,"type":594},"The US Inflation Reduction Act awards tax credits for EVs if a percent value of its battery critical minerals were extracted or processed in a free trade partner country. ",{"type":589,"attrs":721,"content":722},{"textAlign":49},[723],{"text":724,"type":594},"It remains to be seen whether Chinese producers in Morocco will still fall foul of the US FEOC rules that bans EVs from tax credits if their batteries contain material from companies over a certain threshold and type of Chinese ownership. ",{"type":589,"attrs":726,"content":727},{"textAlign":49},[728],{"text":729,"type":594},"Even if the US market remains a challenge, Morocco’s closeness to the Europe means lower logistical costs for Chinese producers targeting this other growing market.","Chinese anode producer Shinzoom is looking to build an integrated anode material facility in Morocco as overcapacity in China drives a search for overseas markets. Shinzoom, also known as Hunan Zhongke, says its total planned investment for the Moroccan plant will not exceed RMB 5 billion ($690 million), with annual capacity to be 100,000 tonnes. […]",[732],{"slug":577,"name":578,"content":733},{"job_title":580,"image":734,"bio":583,"linkedin":584},{"filename":582},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"44197d88-15b0-41c8-946f-8ce6418d66a6\", \"id\": \"\"}-->","article",[738,740],{"slug":739,"name":263},"anode",{"slug":741,"name":742},"batteries","Batteries","private",{"id":49,"alt":745,"name":746,"focus":746,"title":745,"source":746,"filename":747,"copyright":746,"fieldtype":748,"meta_data":749,"is_external_url":51},"Chinese and Moroccan flag taking up diagonal halves of the image","","https://a.storyblok.com/f/287943243085208/cf7e83f8b5/bm-morocco-china-flags.jpg","asset",{"alt":745,"title":745,"source":746,"copyright":746},"May 07, 2024","7th May 2024",[],[],1792688574712]