Recently, the price of LCO has remained relatively stable. This week, the price of Co3O4 has held steady, while the price of battery-grade lithium carbonate has seen a significant increase. However, it will take time for this to be reflected in the LCO cathode. On the supply side, Co3O4 enterprises are offering higher quotes for shipments, and LCO cathode plants have low purchase willingness for high-priced Co3O4. On the demand side, end-use demand is weak, leading to a decrease in demand for LCO. Overall, the price of LCO is expected to rise significantly with the increase in the prices of Co3O4 and lithium carbonate.
SMM New Energy Research Team
Cong Wang 021-51666838
Rui Ma 021-51595780
Disheng Feng 021-51666714
Yanlin Lv 021-20707875
Zhicheng Zhou 021-51666711
Haohan Zhang 021-51666752
Zihan Wang 021-51666914
Jie Wang 021-51595902
Yang Xu 021-51666760
Lianting Yang 021-51595835
Zhaoyu Wang 021-51666827
