[SMM Analysis] LMO Production Increased in February, Expected to Continue Growing in March

Feb 28, 2025, at 8:32 am

In February 2025, LMO production increased compared to the previous month, with a noticeable YoY growth rate. After the Chinese New Year holiday, most LMO companies completed their maintenance work and resumed normal operations, leading to a slight increase in market supply...

In February 2025, the production of LMO increased slightly compared to the previous month, with a noticeable YoY growth rate. After the Chinese New Year holiday, most LMO companies completed their maintenance work and resumed normal operations, leading to a slight increase in market supply. By March 2025, the inventory of downstream battery cell manufacturers is expected to deplete to a low level, which will drive an increase in LMO procurement demand, resulting in more inquiries in the market and positively promoting LMO production. Therefore, the production of LMO in March is expected to increase slightly MoM, while the YoY growth rate is expected to remain stable.

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