Korean re-stocking in battery materials?
October was a strong month for Korean battery materials imports, with a sequential increase in lithium chemicals (hydroxide and carbonate), spherical graphite and NMC precursor imports. This either signifies a rise in battery demand in Korea in recent months or a re-stocking event ahead of an anticipated rise in demand. Whichever it is, we would interpret it as positive for the sector... The Korean lithium trade balance hit its second-highest ever level, and we've seen a substantial increase in lithium carbonate imports in the past two months (September and October). Coupled with the ongoing increase in battery production, particularly by...
Topics
Flake Graphite
Lithium Carbonate
Lithium Hydroxide
NMC
Spherical Graphite
Spodumene Concentrate
