In May 2025, the production of lithium manganate oxide (LMO) increased both MoM and YoY.

Supply side, the production plans of most LMO enterprises were relatively stable. Although some small enterprises lacking cost advantages experienced production cuts, the operating rates of major enterprises increased, leading to a rise in market concentration and an overall upward trend in supply. Demand side, many battery manufacturers believed that the price of LMO had already reached a low level, prompting an increase in procurement activities and boosting market activity.

Looking ahead, in June, the market will primarily focus on fulfilling existing orders, and the number of inquiries may decrease. It is expected that LMO production will experience a slight MoM decline, but the YoY growth rate is anticipated to remain stable.