Output of LMO Stood at 5,742 mt in March, up 40% from February

SHANGHAI, Apr 11(SMM) - The domestic output of LMO stood at 5,742 mt in March, up 40% on the month and down 35% on the year, according to SMM estimate. Most LMO material enterprises mainly completed the previous orders in March. Some enterprises which stopped production during Spring Festival holiday have gradually resumed production, with increasing industry supply and output. On the demand side, on the back of the pandemic, some areas in Guangdong were in a lockdown in March. Some small and medium-sized LMO battery factories reduced and stopped production in a large scale, coupled with the declining demand for mobile power, smart wear and other digital 3C and the high LMO finished product inventory of downstream batteries and traders. It is expected that the demand for LMO material will move downwards. Output of LCO is expected to stand at 4,742 mt in April, a month-on-month decrease of 17% and year-on-year of 45%.