SMM Data: China LMO Production in November and December forecast  

In November 2024, China's LMO production dropped both YoY and MoM. The primary reason for the decline in November production was the frequent fluctuations in lithium carbonate prices, which did not show significant growth. This made it difficult for LMO prices to rebound and even caused them to drop back slightly, leading to generally mediocre market sentiment. As the year-end approached, producers' production plans tended to be rational, coupled with weak downstream demand growth, resulting in reduced production. Looking ahead to December, some producers may choose to further cut production due to surplus inventory or downward pressure on prices, and LMO production is expected to drop slightly MoM.