In December 2024, China's EMD production saw a slight decline MoM.
The primary reason for the slight decline in December production was the subdued primary battery market as the year-end approached, with no significant increase in demand observed. Companies generally maintained a cautious production stance, focusing on destocking. The secondary battery market also faced challenges, as weak demand for LMO led to a decrease in demand for lithium-manganese dioxide, resulting in reduced production schedules.
It is expected that in January, due to the impact of the Chinese New Year holiday, manganese dioxide production will continue to decline MoM, with a more pronounced decrease likely for lithium-manganese dioxide.
