March 2024 Production Numbers Show Positive Growth, Iron-Lithium Materials Lead with 70% Increase

Positive production in March 2024 increased by 55% compared to the previous month, with growth expected to slow down to 16% in April. The total production of the four main materials in March increased by 55%, with the growth in iron-lithium materials at 70%. In March, orders for iron-lithium companies gradually recovered, with significant increases in orders for top iron-lithium companies, leading to increased production and supply. The growth in ternary materials was 33%, with medium-nickel materials being a hot product in the market, maintaining significant growth in March. Low-nickel and high-nickel materials also saw a recovery from the low point in February. Lithium cobaltate and lithium manganate achieved an environmental increase of 44% and 26% respectively.

In April, it is expected that the overall month-on-month increase in the four main materials will be 16%, with iron-lithium materials leading among the four main materials.