LCO prices decline slightly due to raw material factors

Published: May 15, 2025 13:30

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[LCO prices slightly declined due to raw material influence] This week, the mainstream quotations for 4.2V/4.4V/4.5V LCO in the market were 219,000 yuan/mt, 224,000 yuan/mt, and 235,000 yuan/mt, respectively. On the raw material side...

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This week, the mainstream quotations for 4.2V/4.4V/4.5V LCO in the market were 219,000 yuan/mt, 224,000 yuan/mt, and 235,000 yuan/mt, respectively. On the raw material side, battery-grade lithium carbonate continued its downward trend from the previous week, and the price of Co3O4 dropped slightly. Affected by the raw material prices, the price of LCO also dropped slightly this week. On the supply side, starting from April, top-tier enterprises fully released their capacities, with production steadily increasing and maintaining at a high level. On the demand side, terminal producers stockpiled for the 618 shopping festival, driving an increase in purchase orders from battery cell manufacturers. In addition, due to the impact of policies in the DRC, cobalt still faces significant uncertainties, so cathode plants producing LCO are cautious in their shipments.

SMM New Energy Research Team

Wang Cong 021-51666838

Yu Xiaodan 021-20707870

Ma Rui 021-51595780

Xu Ying 021-51666707

Feng Disheng 021-51666714

Liu Yujun 021-20707895

Lv Yanlin 021-20707875

Zhou Zhicheng 021-51666711

Zhang Haohan 021-51666752

Wang Zihan 021-51666914

Ren Xiaoxuan 021-20707866

Liang Yushuo 021-20707892

Wang Jie 021-51595902

Xu Yang 021-51666760

Yang Lianting 021-51595835

Wang Zhaoyu 021-51666827

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