Commodity Market Report
Global cathode and precursor short-term outlook January 2024
Report summary
Automotive sales recovered to just below pre-pandemic sales in 2023. Cathode consumption breaks the one million ton mark as EV's account for 25% of all sales last year. Despite the lower raw material and cathode prices the forecast looks upbeat as we move into 2024. The destocking cycle is expect to cool and restocking begin towards the end of this year. Supply continues to build to meet this new demand.
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