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This week, the price of LCO remained stable, and it is expected to have a significant upward potential in the future.

iconAug 1, 2025 16:24
Source:SMM
[The price of LCO remained stable this week, and it is expected to have a significant upward potential in the future.]

The mainstream quotation for 4.4V lithium cobalt oxide (LCO) is approximately 220,000 yuan/mt. The cost side shows a diverging trend: the price of Co3O4 remains stable, while the price of battery-grade lithium carbonate experiences increased volatility. However, there is a lag effect in the cost transmission to cathode material. On the supply side, cathode plants continue to adopt a cautious strategy, strictly adhering to the principle of producing based on sales, and maintaining inventory at a low level. On the demand side, growth is observed, driven by the end-use market. Overall, under the potential upward pressure of Co3O4 and lithium carbonate, LCO may subsequently experience a more significant cost-driven price increase.


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

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