LCO: Downstream demand remains robust, with ample upward momentum.

The LCO market demonstrated strong performance, with transaction prices for standard-grade products rising above 370,000 yuan/mt. This round of price increases was primarily driven by the transmission of price hikes in raw materials such as cobalt chloride and Co3O4, coupled with robust demand from battery cell enterprises. Currently, demand for cathode materials from downstream sectors, particularly consumer electronics, is expected to remain robust in November-December, supporting the sustained strength of LCO prices. In the short term, LCO prices are projected to remain firm, with potential for further increases.

Cong Wang 021-51666838

Rui Ma 021-51595780

Disheng Feng 021-51666714

Yanlin Lü 021-20707875

Zhicheng Zhou 021-51666711

Haohan Zhang 021-51666752

Zihan Wang 021-51666914

Jie Wang 021-51595902

Yang Xu 021-51666760

Lianting Yang 021-51595835

Zhaoyu Wang 021-51666827