Lithium, cobalt prices under pressure as Chinese battery manufacturers cut orders for LCO cathode materials

By IM Staff
Published: Thursday, 27 May 2021

Battery manufacturers in China have aggressively cut their orders for lithium cobalt oxide (LCO) cathode materials in the second quarter, with the move weighing on lithium and cobalt prices, market sources told Fastmarkets.

LCO batteries are widely used in consumer electronics, including smart phones, laptops, and tablets among others.

A leading electronics battery manufacturer in China will cut its monthly order for LCO cathode materials by 20-30% in June, a battery materials producer source told Fastmarkets.

Meanwhile, orders from smaller electronics...

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