In June 2024, China's ternary precursors production was 62,900 tonnes, a decrease of 1.24% month on month and a year-on-year decrease of 12.46%. In June, China's ternary industry chain continued to be destocking, but overseas demand was increasing with the upcoming mass production of 4680 battery cells. However, overall demand was still declining.
The estimated production of China's ternary precursors in July 2024 is 68,400 tonnes, an increase of 8.78% month on month and a decrease of 13.67% YoY. In July, a top-tier enterprise may increase its production due to the recent relatively low prices and they start restocking.
Edited by Cassie Li, lixiangying@mysteel.com
