LCO prices rise slightly, with expected future gains to expand

Recently, the price of LCO has risen slightly, primarily driven by the continuous increase in the price of battery-grade lithium carbonate and the strong bullish expectations for Co3O4 triggered by relevant policies in the DRC. On the supply side, producers of Co3O4 have quoted high prices, and LCO cathode plants have reduced their purchase willingness for high-priced raw materials. On the demand side, demand in end-use applications has been weak, showing a downward trend in the demand for LCO. Overall, driven by the rising cost of core raw materials, it is expected that the price of LCO will face significant upward pressure in the future.

SMM New Energy Research Team

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lv Yanlin 021-20707875

Zhou Zhicheng 021-51666711

Zhang Haohan 021-51666752

Wang Zihan 021-51666914

Wang Jie 021-51595902

Xu Yang 021-51666760

Yang Lianting 021-51595835

Wang Zhaoyu 021-51666827