Weekly Review And Forecast Of LFP and LCO Market

SHANGHAI, Jun 13 (SMM) –LFP prices inched higher last week. The overall operating rates of the LFP industry increased and output rose rapidly. Affected by rising lithium prices, manufacturing costs of LFP have risen slightly. It is expected that LFP prices will continue to rise, driven by strong demand and increasing costs.

LCO prices were flat last week. LCO plants were more cautious about raw material procurement. Demand from electronics sector softened after stocking has ended. LCO plants produced based on orders and did not possess too much inventory of finished products. LCO prices are expected to go up this week.