SMM Inclusive: China Tricobalt Tetraoxide Output In March And Analysis

SHANGHAI, Apr 11 (SMM) - The output of Co3O4 in China stood at 5,607 mt in March, up 47% MoM, but down 13% YoY. Despite higher output, the operating rates of some producers were still below 50%. A top-tier producer was not running at full capacity in March, and its output in April is expected to be flat from March. On the demand side, most LCO producers adopted a wait-and-see approach. Sluggish digital electronics market and steadily falling lithium carbonate prices discouraged LCO producers from buying Co3O4.