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The scale of impact of the coronavirus epidemic cannot be fully
gauged while the situation is still unfolding. Lithium compound
demand was not very strong in the last quarter of 2019, according
to reports from our market contacts, due to high stocks across the
value chain and weaker sales of EVs in China. On the supply side in
China the status of lithium producers and consumers is far from
uniform. Some plants are closed, extending the workforce returns
from the holiday period, and some plants have returned to
production, albeit often at low operating rates.
In a period when the Coronavirus has much of the headlines it is
interesting to hear the progress being made by Chinese companies to
advance their NEV industry.
In February, we launched a short monthly report recapping some
of the major stories in the Battery Materials space that will be
offered complimentary. To sign up for this please reach out to us
at globalbatterymaterials@ihsmarkit.com.
