2023 Ternary Precursor Market Output Reaches 810,000 Tons with Capacity Utilization Rate of 44%

2023 Market Output of Ternary Precursor: Resources Rule, Strong Players Stay Strong

In 2023, the market output of ternary precursor reached 810,000 tons, with a capacity utilization rate of 44%, a significant decrease compared to 2022. It is expected that the capacity utilization rate will stabilize and slightly decrease in 2024. This is mainly due to the slowing growth of the ternary precursor industry and fewer new players entering the market, resulting in limited release of new capacity in 2024.