SMM New Energy team- China Lithium outlook
Electrolyte and ternary material prices trended higher in July while battery cell costs and prices rose slightly. Prices of cobalt and nickel salt rose sharply, driving up prices of ternary products. Lower use of cobalt in ternary batteries and increased cobalt sulphate production schedules eased tightness of cobalt sulphate stocks
Battery-grade nickel sulphate prices maintained uptrend in July, prices to remain high in August.
1. Demand in the post-pandemic era drives the recovery of the lithium market
2. Analysis of lithium resource supply&demand in 2021 and market outlook price forecast