Lithium Battery Material Demand Peaks in December, Closing a Strong Year for Market

[SMM Analysis: Lithium Battery Material Demand in December Outperformed Previous Years, Marking a Perfect Year-End for the Lithium Battery Market]

SMM, January 3: In December, domestic lithium carbonate production continued to rise rapidly, up 9% MoM and up 59% YoY. Lithium hydroxide production saw a significant MoM decline of about 22% but grew 15% YoY. Cobalt sulphate production increased 9% MoM and 6% YoY. Co3O4 production decreased MoM but showed slight YoY growth. Ternary cathode precursor production rose 1% MoM with a YoY increase of 13%. Ternary cathode material production decreased 6.5% MoM but was up 7.2% YoY. Iron phosphate production fell 2% MoM but surged 185% YoY. LFP production dropped 3.62% MoM with a YoY increase of approximately 190%. LCO production declined, down 3% MoM.