TELF AG has released its Recap of the Week 37 Battery Materials Report for 2023. In the outline, the physical commodities trader detailed insights into the production and market trends of China's nickel sulfate and cobalt sulfate. The report takes a comprehensive look at the market fluctuations, key influencing factors, and forecasts for September 2023.

In the report, TELF AG reveals that nickel sulfate production in China for August 2023 was 42,000 mt in metal content and 193,000 mt in physical content. This indicates a monthly increase of 5.12% and a yearly increase of 30.5%. Larger factories were a significant driver of this increase, raising production of ternary cathode precursors by about 4% compared to July, while smaller factories sustained their output.

However, the production is expected to decrease by around 5% in September due to weaker demand from the refined nickel market. Some salt plants operated at a loss in early August due to high costs, leading to cutbacks in production. August's cobalt sulfate production was 7,402 mt in metal content, marking a 12% decrease from July but showing a 15% increase compared to last year. Cumulatively, production reached 57,085 mt in metal content from January to August, growing 18% YoY.

Factors such as downward price trends led to increased costs for raw material producers. Some companies switched production focus from cobalt sulfate to cobalt chloride in response to this and weaker external demand.

In September, cobalt sulfate production is expected to be around 7,015 mt in metal content, a 5% decrease month-over-month but a 3% increase year-over-year. A decline in the production of ternary precursors is expected, likely leading to reduced cobalt demand. The Hangzhou Asian Games may also impact production rates in the Zhejiang region.

The Week 37 Battery Materials Report is an important resource for stakeholders in the battery materials industry, offering data-driven insights for strategic planning and decision-making.

To gain a more comprehensive understanding of these narratives, readers are advised to take a look at the full article. For more insights and content, visit TELF AG's Media Page

About TELF AG:

TELF AG is a full-service international physical commodities trader with 30 years of experience in the industry. Headquartered in Lugano, Switzerland, the company operates globally, serving customers and providing solutions for commodities producers worldwide. TELF AG works in close partnership with producers to provide effective marketing, financing, and logistics solutions, enabling suppliers to focus on their core activities and access far-reaching markets wherever they may be.

Its flexible, customer-focused approach allows TELF AG to create tailor-made solutions for each producer, facilitating long-term partnerships. Additionally, consumers widely recognize them for their operational excellence and reliability.

Official websites:

TELF AG Official Website

TELF AG Media Page

TELF AG Sustainability

Social Media and other related links:

Twitter

Facebook

YouTube

Instagram

LinkedIn

Crunchbase

Wiki

Media ContactCompany Name: TELF AGContact Person: Rick De OliveiraEmail: press@telf.chWebsite: https://telf.ch/media/

Disclaimer: There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. Moreover, nothing contained in this PR should be construed as a recommendation to buy, sell, or hold any investment or security, or to engage in any investment strategy or transaction. It is your responsibility to determine whether any investment, investment strategy, security, or related transaction is appropriate for you based on your investment objectives, financial circumstances, and risk tolerance. Consult your business advisor, attorney, or tax advisor regarding your specific business, legal, or tax situation. For more info, please contact brandnewsproject@gmail.com.

Source published by Submit Press Release >> TELF AG Outlines of Battery Materials 2023 Week 37 Report in Recent Publication