Affected by the price fluctuations of lithium carbonate, LCO enterprises have suspended their quotations

Due to the continuous rise and significant volatility in lithium carbonate prices recently, most LCO enterprises have suspended quoting prices this week and adopted a wait-and-see attitude. A few enterprises have quoted prices for 4.4V LCO cathode at 225,000 yuan. On the cost side, the prices of Co3O4 and battery-grade lithium carbonate have continued to increase. Supported by these rising costs, LCO prices have surged significantly recently. On the supply side, cathode plants continue to adhere to a sales-based production strategy, with relatively sufficient inventory of raw materials and products. On the demand side, growth has been observed, driven by the end-use market. Overall, under the upward pressure of Co3O4 and lithium carbonate prices, LCO may experience a more significant cost-driven price increase 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