SHANGHAI, May 30 (SMM) – The prices of ternary cathode precursor rebounded slightly last week. Demand in digital electronics and NEV sectors picked up slightly this month, driving vertically integrated precursor manufacturers to ramp up production. The prices of medium and high-nickel precursors rose slightly due to rising costs, while fierce competition prevented the prices of low-nickel precursors from going up. In view of limited upside room for raw material prices and oversupply in precursor market, precursor prices may stabilise.
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