P5 Platform
The Impacts of Lithium Prices Surging
Lithium prices are skyrocketing in 2021 due to the demand for lithium-ion batteries in electric vehicles and household electronics. In October 2021, prices for lithium carbonate reached over 165,000 yuan per ton, the highest it has been since April of 2018. Year-to-date gains have been extended…
Power Shortages Forced China Factories to Halt Production
Power outages in China have put millions of homes into darkness and temporarily shut down factories. The Chinese government has also temporarily shut down power to several major semiconductor foundries with intention to regularly suspend industrial electricity supplies. These measures are being imposed as a…
Record-Level Aluminum Price Spike in 2021
The raw cost of materials of aluminum has reached a 10-year all-time high in pricing. And according to three data sources, it is predicted that the price of aluminum will continue to increase significantly over the next several years. Market Forecast for Aluminum Prices Importance…
COVID-19 Impact Updates | Industry News | Supply Chain
Stray Balloon Causes Massive Power Outage in German Factories
On September 17, 2021, a massive power outage hit Dresden, Germany. Not only did this affect over 300,000 households and businesses, but it impacted the largest semiconductor fabrication facilities in Europe. The cause – a single stray toy balloon landed on a switchgear of a…