[SMM Analysis] Co3O4 Production Decreased in January and Is Expected to Continue Declining in February

Published: Jan 24, 2025 19:46

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[SMM Analysis: Co3O4 Production Decreased in January, Expected to Decline Further in February] In January 2025, Co3O4 production decreased MoM but showed a slight increase compared to the same period last year. The primary reason for the production decline was the suspension of operations and maintenance at some domestic Co3O4 smelters during the Chinese New Year holiday, leading to an overall reduction in production...

In January 2025, Co3O4 production decreased MoM but showed a slight increase YoY. The decline in production was mainly due to the suspension and maintenance of some domestic Co3O4 smelters during the Chinese New Year holiday, which led to a reduction in overall production. Additionally, as downstream LCO demand remained weak, most companies with stockpiling plans had already completed their purchases in advance.

In February 2025, Co3O4 production is expected to decline slightly MoM again, as the post-holiday resumption of work progresses slowly and February has fewer calendar days.

SMM New Energy Research Team
Cong Wang 021-51666838
Rui Ma 021-51595780
Ye Yuan 021-51595792
Disheng Feng 021-51666714
Ying Xu 021-51666707
Yanlin Lü 021-20707875
Yujun Liu 021-20707895
Xiaodan Yu 021-20707870
Zhicheng Zhou 021-51666711

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