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

The most common application of LMFP and ternary cathode materials in combination can achieve more balanced material properties. Compared to ternary cathode materials,LMFP's advantages lie in being more stable, safer, cheaper, and longer-lasting, while its disadvantage is slightly lower energy density. By combining and coating with ternary cathode materials, performance-complementary diversified products can be created for high-range electric vehicles.

Energy storage pricing is determined by a myriad of factors which include the cost of raw materials, technological advancements, and government policy incentives. Each of these elements plays a pivotal role in shaping the overall pricing trends within the sector, thereby influencing both market growth and consumer adoption.

Crude oil prices are influenced by a mix of market dynamics and external factors like politics and environmental concerns that make it crucial for experts to grasp these intricacies in the economys foundation. Predicting oil prices has become more challenging due to the use of analytics and tighter regulations that demand a keen eye on future trends in the industry. To stay ahead in this landscape and make informed decisions industry players must blend conventional methods, with new strategies to anticipate market shifts effectively. In the end how crude oil prices will move will depend on how all these different factors come and affect how the market behaves.

Northvolt announced cost-cutting measures, including layoffs and the de-prioritization of cathode materials and battery storage production. The company will focus on cell production and sell, suspend or terminate non-core business units. Key steps include halting the cathode production at the Northvolt Ett, terminating the Northvolt Fem project, seeking new investors for Northvolt Dwa in Poland and etc. SMM believe that

[SMM Data: LiPF6 Operating Rate in August] In August 2024, the operating rate of LiPF6 was approximately 59.1%. The operating rate is expected to continue to rise in September.

In August 2024, the production of ternary cathode precursor in China increased 12% MoM and decreased 2% YoY. As of now, the cumulative YoY increase in China's ternary cathode precursor production from January to August stands at 6%.

Recently, Bolivia selected four companies, including CBC and Protecno, to develop lithium pilot plants.

【SMM Analysis】Recently, Sungrow signed a significant supply agreement with two major UK developers. According to the agreement, Sungrow will provide 280 PowerTitan 2.0 liquid-cooled energy storage systems for the Hams Hall energy storage project located in North Warwickshire, England.