Slowing EV demand, subdued outlook weigh on China’s battery materials prices

China’s battery raw materials markets have been generally softening due to weaker downstream buying appetite that stems from lower demand from the battery sector - especially nickel cobalt manganese (NCM) lithium-ion batteries - and from bearish sentiment.

Domestic battery production equated to 62.8 gigawatt hours (GWh) of power in October, up by 150.1% year on year and up by 6.2% month on month, according to the China...