SMM

China's ternary cathode precursor production in February 2024 was about 61,590 mt, down 20% MoM and 7% YoY. February's off-peak season saw precursor companies adjust production to match sales, resulting in decreased output. Maintenance shutdowns at some plants further reduced overall production. Vertically integrated firms fulfilling cathode orders and thoseserving overseas markets continued operations during the holiday period.