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[SMM Analysis] This Week, LCO Prices Continued to Drop Slightly, with February LCO Production Declining MoM.

iconFeb 20, 2025 16:55
Source:SMM
【This Week, LCO Prices Continued to Drop Slightly, and February LCO Production Declined MoM】 This week, LCO prices continued to drop slightly, with the latest prices for 4.2V/4.4V/4.5V LCO at 134,000/138,000/149,000 yuan/mt, respectively. On the raw material side, Co3O4 prices saw a significant decline this week, while battery-grade lithium carbonate prices showed relatively small changes, leading to a decrease in LCO costs.

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This week, LCO prices continued to drop slightly, with the latest prices for 4.2V/4.4V/4.5V LCO at 134,000/138,000/149,000 yuan/mt, respectively. Raw material side, Co3O4 prices saw a significant decline this week, while battery-grade lithium carbonate prices showed relatively small changes, leading to a decrease in LCO costs. Supply side, due to the off-season in consumption and fewer calendar days in February, LCO production decreased MoM. Demand side, driven by subsidy policies for digital products, sales in the digital 3C market increased significantly, boosting LCO market demand.

 


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