Ternary Precursor News Today : Breaking News, Live Updates & Top Stories | Vimarsana

[SMM Analysis: Review of 2024 Spring Festival lithium-ion industry chain market and outlook after the holiday] According to SMM's data on February 17, affected by the continued losses in lithium salt companies purchasing overseas lithium ore and suspending/reducing production, as well as the seasonal maintenance of some lithium salt companies, it is preliminarily estimated that China's lithium carbonate output in February will decline by about 23% month-on-month to around 32,000 mt. Most of the salt plants under maintenance will gradually resume production around Lantern Festival, bu...

[SMM Cobalt Lithium Morning Meeting Minutes: Ternary precursor prices were stable this week. On the cost side, nickel prices rebounded slightly due to tight low-priced spot supply. There was an intention among precursor manufacturers to raise quotes slightly, but downstream resistance to price hikes remained strong, and it was difficult for transactions to increase. On the demand side, domestic cathode production exceeded expectations. Some companies saw better demand for precursors as reduced production was resumed in addition to some projects stocking up earlier...]

The output of precursors stood at 59,000 mt in November, up 2% MoM and 50% YoY. On the supply side, the companies were basically not affected by power rationing, except for some enterprises in Zhejiang in early November. In addition, the overall supply has increased due to the ramped-up output of and commissioning of new capacity at some major precursor companies.