Some companies in China's battery materials supply chain have partially recovered operations after the power-cut policies before the National Day Holiday in China (October 1-7), while others await further instruction from local authorities on when production can be fully recovered, sources told Fastmarkets.
Before China's National Day Holiday, the production of battery materials in Hunan, Jiangsu and Guangdong had reduced by 30-70% while some upstream cobalt refineries in Zhejiang and Guangdong reported a 30-50% reduction in production. Prior to that, there was a scheduled production halt instructed by local authorities at China cobalt producer GEM's plant in...