SMM

This week, due to mediocre post-holiday downstream purchasing demand, the prices of lithium chemicals on the raw material side declined, leading to a decrease in the prices of various ternary cathode materials. Among them, the 5-series and 6-series materials experienced significant cost and price reductions due to the drop in lithium carbonate prices. In contrast, the costs of 8-series materials remained stable, primarily because the prices of lithium hydroxide and sulphuric acid raw materials showed no significant fluctuations this week, resulting in a relatively stable cost structure.