China LMO Output Surged In May And To Grow Further In June

SHANGHAI, Jun 8 (SMM) –China’s LMO output stood at 13,515 mt in May, up 99% MoM and 285% YoY. Lithium carbonate prices bottomed out in late April and early May, which triggered panic stocking by LMO battery cell factories. Hence, LMO enterprises ramped up production in May. Large LMO enterprises’ new capacity was released, while the rest maintained high operating rates.

Trading activity in LMO market cooled down in early June. However, the long delivery cycle of orders received in early May will enable LMO enterprises to sustain production through June. Considering the release of new capacity, LMO output is expected at 14,206 mt in June, an increase of 5% MoM and 256% YoY.