LFP Demand Slightly Outperformed Ternary Cathode Materials In April

SHANGHAI, May 16 (SMM) - In April, digital electronics manufacturers stocked up in advance for the upcoming shopping festival on June 18. Moreover, the rebound of lithium salt prices fuelled bullish sentiment. As such, battery cell makers also stepped up raw material purchases. As battery cell makers mainly targeted low and mid-end markets, the demand recovery of LMO was particularly strong. However, the demand for ternary cathode materials and LFP remained weak due to high inventories at NEV makers. Driven by optimism over energy storage market in the second half of the year, LFP demand slightly outperformed ternary cathode materials.