Latest Update in the SMM Lithium Battery Cathode Precursor and Material Market

In December 2024, China's ternary cathode material production decreased by 6.5% MoM, up 7.2% YoY, with a cumulative YoY increase of 10.5% for the year.

In December 2024, China's production of ternary cathode precursors increased 1% MoM and was up 13% YoY.

In December 2024, China's Co3O4 production declined MoM but slightly increased YoY.

In December 2024, China's cobalt sulphate production increased 9% MoM and 6% YoY.

According to SMM, China's lithium hydroxide production in December 2024 saw a significant MoM decline of approximately 22%, while increasing 15% YoY.

In December, domestic lithium carbonate production continued to rise rapidly, up 9% MoM and 59% YoY.

LFP batteries are widely used across various fields due to their high safety, long lifespan, and environmental protection characteristics.

Uzbekistan is actively advancing its energy transition, aiming to become a model for energy transformation in Central Asia.