According to Mysteel's preliminary data, China's production of ternary cathode materials in November 2025 reached 83,200 tonnes, marking a month-on-month increase of 6.53% and a year-on-year surge of 51.18%. In November, the demand from CATL remained robust, with exports from a few market players continuing to show strong performance, contributing to a slight increase in output. Additionally, some producers that had quarterly adjustments in the previous month resumed production, leading to a more significant rise in production.
China's production of ternary cathode materials is projected to be 80,500 tonnes in December, reflecting a decrease of 3.25% MOM but an increase of 44.38% YoY. With the arrival of the off-season, the demand outside CATL has begun to decline, and export demand is also expected to decrease.
Edited by Cassie Li, lixiangying@mysteel.com
