In March, China's ternary cathode materials production reached 61,400 tonnes, with an increase of 25.15% MoM and 13.59% YoY respectively. In March, the rapid rise in cobalt prices led downstream battery cell manufacturers to place orders in advance, resulting in a significant increase in the production of ternary cathode materials. However, some companies began to reduce inventories and cut back on raw material purchases due to the uncertainty surrounding battery cell exports caused by the U.S. tariff reciprocity policy in April. The market trend in April remains highly uncertain, and production may decline due to macroeconomic factors.
China's production of ternary cathode materials may stand at 62,600 tonnes in April, an increase of 1.96% MoM and a decline of 0.19% YoY.
Source: Mysteel
Edited by Cassie Li, lixiangying@mysteel.com
