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[SMM Analysis] This Week, LCO Prices Rose Slightly, While January LCO Production Declined.

  • Jan 16, 2025, at 2:58 pm
[This Week's LCO Prices Rose Slightly, While January's LCO Production Declined] This week, LCO prices rose slightly, with the latest prices for 4.2V/4.4V/4.5V LCO at 134,000/138,000/150,000 yuan/mt, showing relatively small price fluctuations.

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This week, LCO prices rose slightly, with the latest prices for 4.2V/4.4V/4.5V LCO at 134,000/138,000/150,000 yuan/mt, respectively, with relatively small price fluctuations. Raw material side, battery-grade lithium carbonate prices rebounded this week, while Co3O4 continued to decline, leading to an overall increase in LCO costs. Supply side, LCO production in January declined, mainly due to weakened year-end consumer electronics demand and reduced orders. Demand side, driven by subsidy policies for digital products, end-user digital market sales are expected to increase significantly after the holiday, boosting LCO market demand and driving up procurement volume.


SMM New Energy Research Team

Cong Wang 021-51666838

Xiaodan Yu 021-20707870

Rui Ma 021-51595780

Ying Xu 021-51666707

Disheng Feng 021-51666714

Yujun Liu 021-20707895

Yanlin Lü 021-20707875

Zhicheng Zhou 021-51666711

Haohan Zhang 021-51666752

Zihan Wang 021-51666914

Xiaoxuan Ren 021-20707866

Yushuo Liang 021-20707892

Jie Wang 021-51595902

Yang Xu 021-51666760

Lianting Yang 021-51595835

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