In May 2026, China's Co3O4 production reached 6,625 tonnes, down 5.49% month-on-month and 29.97% year-on-year. In May, downstream lithium cobalt oxide (LCO) shipments continued to be unfavorable, and demand from the battery cell side was brought forward. As a result, production continued to decline in May.
In June 2026, China's Co3O4 production is expected to reach 6,607 tonnes, up 0.75% month-on-month but down 33.91% year-on-year. In June, as no significant improvement is expected in downstream LCO shipments, and the concentrated arrival of cobalt intermediates continues to be delayed, production in June is expected to remain largely unchanged.
Edited by Cassie Li, lixiangying@mysteel.com
