Easpring to seek partners to secure supply while cobalt and lithium demand grow in 2018 and shipments of li-ion batteries are up 18% y-o-y.
A global expansion of the new energy vehicles (NEV) sector will boost demand for battery materials, China-based cathode supplier Easpring believes.
Demand for battery materials including nickel, cobalt and lithium will grow in 2018, supported by a positive outlook for the cathode market given the increasing use of new energy vehicles, according to Li Jianzhong, general manager of cathode specialist Beijing Easpring Material Technology.
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