The mainstream quotation for 4.4V lithium cobalt oxide (LCO) is approximately 220,000 yuan/mt. The cost side shows a diverging trend: the price of Co3O4 remains stable, while the price of battery-grade lithium carbonate experiences increased volatility. However, there is a lag effect in the cost transmission to cathode material. On the supply side, cathode plants continue to adopt a cautious strategy, strictly adhering to the principle of producing based on sales, and maintaining inventory at a low level. On the demand side, growth is observed, driven by the end-use market. Overall, under the potential upward pressure of Co3O4 and lithium carbonate, LCO may subsequently experience a more significant cost-driven price increase.
SMM New Energy Research Team
Wang Cong 021-51666838
Ma Rui 021-51595780
Feng Disheng 021-51666714
Lv Yanlin 021-20707875
Zhou Zhicheng 021-51666711
Zhang Haohan 021-51666752
Wang Zihan 021-51666914
Wang Jie 021-51595902
Xu Yang 021-51666760
Yang Lianting 021-51595835
Wang Zhaoyu 021-51666827
