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prices continue to slide on the back of weak battery demand and falling raw material costs","cathode-prices-continue-to-slide-on-the-back-of-weak-battery-demand-and-falling-raw-material-costs","article/cathode-prices-continue-to-slide-on-the-back-of-weak-battery-demand-and-falling-raw-material-costs",{"_uid":557,"date":558,"tags":559,"editor":563,"content":573,"excerpt":622,"featured":50,"reporter":623,"_editable":627,"component":628,"seo_title":553,"categories":629,"visibility":635,"author_company":49,"featured_image":636,"seo_description":622,"author_full_name":49,"author_job_title":49,"formattedDate":640,"formattedArticleDate":641},"d59cabdc-e5f8-4797-aec0-b84b37c6650c","2023-02-23 00:00",[560],{"slug":561,"name":562},"cathode-prices","Cathode prices",[564],{"slug":565,"name":566,"content":567},"matthew-bird","Matthew Bird",{"job_title":568,"image":569,"bio":571,"linkedin":572},"Senior Editor - Supply Chains & Data Visualisation",{"filename":570},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":574,"content":575},"doc",[576,583,588,593,598,607,612,617],{"type":577,"attrs":578,"content":579},"paragraph",{"textAlign":49},[580],{"text":581,"type":582},"Cathode prices continued their downward slide in the first half of February due to lower prices for cobalt, nickel, and lithium as well as weakening battery cell demand. ","text",{"type":577,"attrs":584,"content":585},{"textAlign":49},[586],{"text":587,"type":582},"Benchmark’s Cathode Price Index, which tracks an average of cathode prices relative to demand, fell 6% from mid-January to mid-February. The index has fallen 19% from mid-November, reaching its lowest point since January 2022. ",{"type":577,"attrs":589,"content":590},{"textAlign":49},[591],{"text":592,"type":582},"“The fall in cathode prices can be seen across the grades, with every assessed cathode type decreasing in price in both January and February. The story is the same across the whole Chinese cathode market, with low demand from cell producers coupled with falling feedstock prices, first in the lead up to, and then in the wake of, Spring Festival.” said Evan Hartley, an analyst at Benchmark. ",{"type":577,"attrs":594,"content":595},{"textAlign":49},[596],{"text":597,"type":582},"Hartley added that “Chinese gigafactory output reduced by 46% month-on-month in January, with many EV production facilities using existing battery inventories to maintain production, and uncertainty regarding the short term recovery of the EV industry.”",{"type":577,"attrs":599,"content":600},{"textAlign":49},[601],{"type":602,"attrs":603},"image",{"id":49,"alt":604,"src":605,"title":49,"source":49,"copyright":49,"meta_data":606},"","https://a.storyblok.com/f/287943243085208/59f788b388/bm-image-116-13441144eacc.png",{},{"type":577,"attrs":608,"content":609},{"textAlign":49},[610],{"text":611,"type":582},"With gigafactory output falling, demand for cathode material from battery makers has slowed and some large cathode producers continue to sit on inventories. ",{"type":577,"attrs":613,"content":614},{"textAlign":49},[615],{"text":616,"type":582},"On the supply side, a significant contributor to declining cathode prices has been falling raw materials prices which can be seen across major feedstocks.",{"type":577,"attrs":618,"content":619},{"textAlign":49},[620],{"text":621,"type":582},"Chinese cobalt sulphate prices fell 10.1% between mid-January and mid-February, while nickel sulphate prices fell 10.8%. Chinese lithium carbonate and hydroxide prices fell 6.5% and 5.4% in the four weeks up to 15 February. ","Cathode prices continued their downward slide in the first half of February due to lower prices for cobalt, nickel, and lithium as well as weakening battery cell demand. Benchmark’s Cathode Price Index, which tracks an average of cathode prices relative to demand, fell 6% from mid-January to mid-February. The index has fallen 19% from mid-November, […]",[624],{"slug":565,"name":566,"content":625},{"job_title":568,"image":626,"bio":571,"linkedin":572},{"filename":570},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"d59cabdc-e5f8-4797-aec0-b84b37c6650c\", \"id\": \"\"}-->","article",[630,633],{"slug":631,"name":632},"batteries","Batteries",{"slug":634,"name":299},"cathode","private",{"id":49,"alt":604,"name":604,"focus":604,"title":604,"source":604,"filename":637,"copyright":604,"fieldtype":638,"meta_data":639,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/d463160d4a/bm-battery-production-jiangxi.jpg","asset",{"alt":604,"title":604,"source":604,"copyright":604},"Feb 23, 2023","23rd February 2023",[],[],1792773918947]