SHANGHAI, May 22 (SMM) - The prices of ternary cathode materials rose sharply last week. Rising lithium prices led to a substantial increase in manufacturing costs of ternary cathode materials. Some battery makers in e-bike and digital electronics industries rushed to stock up for fears that prices would rise further, driving up prices of ternary cathode materials (consumer battery) rapidly. The cost-driven price rise may slow down as buyers become more cost sensitive after lithium prices rebound to a relatively high level.
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