The prices of NMC materials continued to drop in April. From the perspective of cost, the sharp drop in prices of lithium lowered the manufacturing cost of NMC materials significantly. In terms of demand, the demand from motive battery market remained poor, and the growth in demand from digital products could hardly support prices of NMC materials.
The market inquiries and transactions were quiet. That, coupled with some enterprises lowering prices to promote sales, continued to drag down traded prices. At the end of the month, affected by the stabilisation of lithium salt prices, NMC companies that adopted low-price strategies in the first place raised their quotes, especially after lithium prices rose. This pushed up the average traded price.
More popular news:
'Bond King' Jeffrey Gundlach Says Sharp Fed Rate Cuts By Year-End Will Push Up Gold Prices
IMF: US Debt Defaults Will Take a Heavy Toll on Global Economy, Global GDP Growth Can Plunge
Goldman Sachs Sees European Gas Prices Tripling, Gives Price Forecast in H2 2023
BofA Sharply Lowers Forecast for Oil Price, Global Oil Consumption in 2023
Takeaways of Warren Buffett and Berkshire Hathaway’s 2023 Annual Meeting
US Treasury Bill Rates Soar to Record High on Debt Ceiling Jitters
No Other Country can Replace China's Manufacturing Industry Including India
Global Manufacturing PMI in April Points to Greater Downward Pressure on Global Economy
SMM Daily Comments (May 5): LME Base Metals Rose across the Board, SHFE Nickel Plunged
A Bull Gold Market Has Just Begun
Copper Shortage Is Irreparable Even after Biggest Mergers and Acquisitions, Here’s Why
