In June 2024, China's ternary cathode materials production reached 47,400 tonnes, with a drop of 6.93% MoM and 2.55% YoY. In June, China's ternary cathode material plants continued to reduce their inventory, resulting in a continuous decline in production.
In July 2024, China's ternary cathode materials production is expected to be at 58,600 tonnes, a month-on-month increase of 23.47% and a year-on-year increase of 10.43%. Some top-tier battery cell companies and ternary material companies have finished restocking in July due to the relatively low prices of nickel, cobalt and lithium, resulting in a significant increase in production.
Edited by Cassie Li, lixiangying@mysteel.com
