SHANGHAI, Feb 16 (SMM) - In January, battery cell prices trended lower as prices of some main raw materials fell rapidly. Demand from the power battery sector plummeted owing to the cancellation of NEV subsidies, the early release of some demand and the large inventory pressure suffered by car makers. Accordingly, prices of lithium, cobalt, anode materials and other materials slumped. The costs and selling prices of some battery cell companies declined quickly, which will hardly be reversed in the short term.
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