Weekly Ternary Cathode Precursor Market Review and Forecast

SHANGHAI, May 22 (SMM) - The prices of ternary cathode precursor inched lower last week. Ternary cathode material plants increased purchases of medium and low-nickel precursors after lithium prices rallied, but still bargained down purchase prices. The overall operating rates of ternary cathode precursor plants picked up, mainly contributed by production resumptions at large plants. Oversupply prevented precursor prices from rising. The current precursor prices are close to producers’ production costs and thus may temporarily stabilise. 

More popular news

CITI Research Lowers Price Forecast for Nickel, Aluminium and Zinc in 2023-2024 But Bets on Higher Copper Prices

Goldman Sachs: China will be the only major economy with positive growth this year, bullish bets on new energy vehicles and biotechnology in the long run

Chinese Lithium Giant Denies Rumours, More Players Extend Industry Chain to Downstream Automakers

Key April Chinese Economic Data Are Released, Including Real Estate Investment, Industrial Added Value and Consumer Goods Retail Sales

Massive Aluminium Capacity In China To Be Resumed Or Put Into Operation In H2 2023

SMM Comment: SHFE And LME Base Metals Mostly Rise, Ferrous Metals And Crude Oil Also Outperform, US Dollar Softens

Dollar, Oil, Gold, Base Metals, Ferrous Metals All Go Down, EIA Cuts Oil Price Forecast

Domestic Steel Scrap Prices Plummeted In April

China To Actively Expand Domestic Effective Demand And Boost New Energy Vehicle Sales, National Development And Reform Commission Says        

Goldman Sachs, Barclays warn: Fed will not cut interest rates this year

Balance of M2, M1 and M0 All Rise at the End of April, China’s Central Bank Says

No deflation in China's economy either now or in the future, National Bureau of Statistics says

Asian Buyers Snap up Cheaper Russian Oil, Putting Oil-Producing Countries in the Middle East and West Africa under Huge Pressure

Sunwoda's "Flash Charge Battery" Can Power Electric Cars 1,000 Kilometres on A Single Charge

India to become Europe’s top supplier of refined oil products after massive purchases of Russian oil

EIA Cuts Brent and WTI Oil Price Forecasts for 2023 as Recession Fears, Inflation and Banking Crisis Overshadow OPEC's Production Cuts

Morgan Stanley, Goldman Sachs and BoA Are Pessimistic, Here Is Why

SMM Analysis: LiPF6 Prices Keep Rising as Lithium Carbonate Price Rebound Triggers Raw Material Shortages

Global Chip Market Will Decline 20% This Year

Chile’s Latest Move Marks One Step Closer to the Establishment of Lithium Version of OPEC

Investment Tycoon Charlie Munger Warns A Storm Is Brewing In US Commercial Property Market And The Golden Age Of Investment Is Over     

Accelerating RMB Globalisation Threatens Dollar’s Dominance   

SMM Monthly Updates On Domestic And Imported Zinc Concentrate TCs Apr-May 2023

Reserves, Lithium Carbonate Equivalent (LCE), Construction and Operation Status of African Lithium Mines, Covering The World’s Top Ones

Chinese Property Market Still In Downturn, But On Track To Recover With Improving Economy And Favourable Policies, National Bureau Of Statistics Says

China’s Central Bank Releases Key April Economic Data: RMB Loans Issued to the Real Economy, Newly-Added Social Financing, Newly Added RMB Loans, Balance of M2, M1 and M0, All Recording Enormous Growth       

IMF: Asia-Pacific To Contribute More Than 70% To Global Economic Growth, With China Being Key Engine

"No One Understands Global Economy Better Than I Do"! Tesla CEO Musk Warns of Severe Recession Looming Large