Clear recovery in China lithium-ion battery demand
Apparent consumption growth for lithium-ion batteries in China hit its highest level for 14 months in October, at 28% y/y, signalling a significant improvement in demand for lithium-ion batteries of all types. While automotive battery demand hasn’t been great, there has been greater demand for batteries for consumer applications in recent months. Japanese lithium-ion battery apparent consumption growth showed signs of peaking in September, the last month for which we have data. But the market is increasingly less relevant in terms of size compared to China and Korea...
Topics
Batteries
China
Japan
Lithium-ion
