Output of NMC Battery and LFP Battery will be 32 Gwh and 111GWh in the Third Quarter, Pushing up Demand for Lithium Battery Copper Foil

SHANGHAI, Aug 19 (SMM) - In terms of battery models, SMM expects the output of NMC battery to be 32 GWh in the third quarter, and that of LFP battery to be 111 GWh, up 28% and 61% from the second quarter, respectively, which will push the new demand for lithium battery copper foil to exceed 30,000 mt (regardless of inventory and other factors). According to the supply of lithium battery copper foil, in the second half of 2022, 140,000 mt of lithium battery copper foil will be put into production. Most of the factories under construction have been completed, and the equipment is in the stage of purchase or commissioning. According to the cycle of trial production, commissioning and the ramp-up of the new capacity in the second half of 2022 plus the rising production of new capacity in H1, SMM expects the theoretical maximum shipment of lithium battery copper foil in H2 to be 170,000 mt, up 37,000 mt or 28% from H1.