According to preliminary surveys by Mysteel, China's production of ternary cathode materials reached 85,500 tonnes in January 2026, reflecting a month-on-month increase of 3.49% and a year-on-year surge of 82.33%.
In January, some large cathode material plants built inventories in advance for the Spring Festival holiday, while a few export-oriented producers ramped up production in anticipation of a rush to export demand, contributing to the overall growth in ternary material output.
For February 2026, China's ternary cathode material production is projected to be 73,400 tonnes, representing a month-on-month decrease of 14.14% but a year-on-year rise of 49.69%. The decline is attributed to weak domestic downstream demand and the impact of the Spring Festival holiday, with the additional factor that some production was front-loaded in January, leading to a significant overall reduction in output for February.
Edited by Cassie Li, lixiangying@mysteel.com
