NCM, LFP battery raw material prices decline amid challenging market conditions

Prices for raw materials used for nickel-cobalt-manganese (NCM) batteries and lithium-iron-phosphate (LFP) batteries have declined in recent pricing sessions with oversupply and weaker demand the main drivers, sources told Fastmarkets.

Prices across the cobalt supply chain have reversed the increases seen through parts of September and October, following expectations of more supply and weak demand emerging in recent weeks.



Zihao Li

Alexander Cook

Sayaka Kurata

Angeline Shi

November 16, 2023

09:15 GMT

Shanghai, London