SMM

In September 2024, China's LMO production increased MoM. The main reason was the rise in lithium carbonate prices, which led to a rebound in LMO prices, boosting companies' production enthusiasm. The recovery in downstream market demand also increased the production schedule of LMO companies. It is expected that in October, lithium carbonate prices will continue to rise, further enhancing downstream market purchase willingness, driving an increase in production schedules. However, the overall market oversupply remains difficult to resolve. Overall, China's LMO production in October is expected to continue rising MoM, but the increase will be limited.