Could LFP be on the cusp of demand recovery?
As noted in the chart above, LCE demand growth in China is currently close to its recent lows in terms of growth rates. And that’s because LFP cathode consumption growth is weak. But seasonally the fourth quarter has always been a period of strong activity in the Chinese EV market, so could we see an uptick in activity now to prepare us for that fourth quarter? It may be a little too early; generally lithium restocking comes around September and October, although we’ll be keeping a close eye on cathode markets which could lead any upstream restocking.
Topics
Demand
LFP
Ternary
