China's production of ternary cathode materials in December 2025 reached 82,600 tonnes, down by 1.55% month-on-month but up by 48.15% year-on-year. In December, the demand from CATL remained strong. Individual cathode material plants maintained stable export demand due to favorable Tesla orders, while demand from other small and medium-sized ones was weak during the off-season, leading to a slight decline in overall production.
In January 2026, China's production of ternary cathode materials is projected to be 81,400 tonnes, a decrease of 1.39% MoM and an increase of 46.09% YoY. Demand outside CATL has begun to decline, and export demand is expected to soften, resulting in a slight reduction in total output.
Edited by Cassie Li, lixiangying@mysteel.com
