Output of Co3O4 stood at 6,413 mt in March, down 13% from February

SHANGHAI, Apr 11(SMM) - The domestic output of Co3O4 stood at 6,413 mt in March, down 13% on the month and 11% on the year, according to SMM estimate. Demand of downstream Co3O4  for LCO weakened in March. As prices of lithium carbonate hovered at a high level since the beginning of the year and the second quarter of the off-season for digital batteries is approaching, some manufacturers of LCO reduced production in March under the influence of costs and demand, leading to a reduction in production of Co3O4 enterprises indirectly. The domestic output of Co3O4 is expected to be 6,750 mt in April, up 5% on the month.