Weekly Review And Forecast Of Ternary Cathode Material Market

SHANGHAI, Jun 13 (SMM) – Ternary cathode material prices rose slightly last week. Rising lithium prices increased the costs of ternary cathode materials. Demand from NEV market recovered slightly, while that from the e-bike and digital electronics sectors softened after stocking period has passed. Battery cell makers overstocked raw materials earlier due to their inclination to buy when prices go up. It is difficult for battery cell makers to pass rising costs onto downstream auto makers after lithium prices have returned to a high level. As such, battery cell makers showed little interest in buying ternary cathode materials. Driven by rising costs, the prices of ternary cathode materials may extend slight gains.