In November, China's lithium cobalt oxide (LCO) production reached 9,350 tonnes, a month-on-month drop of 3.21% and a year-on-year increase of 12.65%. In November, the demand in the electronics industry gradually weakened. Therefore, smelters had to reduce the production to follow the market trend. Thus the production of LCO showed a slight downward trend this month.
It is likely that there will a further decline in LCO production in December, and market players mostly hold a bearish sentiment. It is expected that LCO production may dip by 3.4% MoM in December, considering that the demand for lithium cobalt oxide will not plummet sharply.
Edited by Cassie Li, lixiangying@mysteel.com
