China's production of NCM cathode materials for ternary lithium-ion batteries reached 83,600 tonnes in March 2026, representing a month-on-month increase of 21.06% and a year-on-year increase of 36.22%.
In March 2026, amid expectations of adjustments in overseas subsidy policies or tariff changes, some producers accelerated the delivery of export orders within the month, while actual end-user consumption in the domestic market did not show a corresponding significant increase. Due to the Chinese New Year holiday and annual routine maintenance, some NCM cathode and precursor producers suspended or reduced production line operations in February. Entering March, as maintenance work was completed and workers returned to their posts, some producers resumed production intensively, with capacity utilization rates quickly rebounding from the low point in February to normal levels, resulting in a notable month-on-month increase.
China's production of NCM cathode materials for ternary lithium-ion batteries in April 2026 is estimated to be 82,200 tonnes, down 1.66% MoM but up 31.7% YoY.
Edited by Cassie Li, lixiangying@mysteel.com
