UPDATED. 2024-05-20 21:44 (월)
Battery cathode export increases by 20% in January 
Battery cathode export increases by 20% in January 
  • Lee Min-Jo
  • 승인 2024.02.19 19:41
  • 댓글 0
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Image: KITA
Image: KITA

South Korea’s export of battery cathode in January increased by 20% from the prior month, according to data from the Korea International Trade Association.

Export reached US$649 million in January, a drop of 43% from a year earlier but an increase of approximately 20% from December.

The figure is also considerably higher than the December last year when cathode exported plummeted.

Out of the total, NCM cathode export was US$410 million, and NCA cathode export was US$220 million.

By weight, a total of 19,894 metric tonnes of cathode was exported in January, an increase of 30% from the prior month.

From February 1 to 10, 940 metric tonnes of cathode was exported, a tripe increase from the same period in December.

Mirae Asset Securities analyst Kim Chul-joong said the NCM cathode export figure in terms of weight showed meaningful recovery __ up to the point when the market slowed down near the end of the first half of last year.


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