Weekly review and forecast of ternary cathode materials

SHANGHAI, Jun 20 (SMM) -The prices of ternary cathode materials held steady last week. And the cost rose with rising lithium prices. Demand from NEV market maintained a slight increase. E-bike and digital battery companies cautiously procured after stocking for 618 (June 18) shopping festival ended. Upstream ternary cathode material manufacturers raised their offers slightly with the rising cost, but the downstream buyers still felt reluctant, which lowered market activity. Driven by rising costs, the prices of ternary cathode materials may increase steadily.