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

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...

Published

Susan Zou

Carrie Shi

May 27, 2021

04:38 GMT

Beijing, Shanghai