Prompt Title: BMW price trend

🔋Battery Materials Industry Update:

⚠️ Demand for ternary precursor materials is declining, leading to reduced production by industry leaders. This impacts the demand for nickel sulfate, with suppliers in Jiangsu and Zhejiang provinces cutting production. Overall, the market faces a downturn due to oversupply and weak demand, with prices expected to fall.

🌍 Overseas concerns about uncertainties are affecting the cobalt alloy market. US buyers avoid purchasing Chinese cobalt alloys due to IRA legislation concerns, causing supply constraints. However, Europe has no restrictions, with Jinchuan and KLK being major suppliers. International prices are rising, but weak domestic demand in China prevents buyers from entering the market, leading to limited transactions.

🔽 Lithium salt prices continue to fall as suppliers flood the market. Downstream demand may boost prices, but some lithium salt factories are maintaining prices, leading to difficult shipments and production halts to ease inventory pressure. Short-term lithium salt prices are expected to be weak.

📉 The weak demand for ternary precursor materials affects raw material requirements, leading to a spiral decline in prices. Market sentiment is pessimistic for the first half of the year, and leading enterprises may further squeeze the demand for small and medium-sized enterprises.

📉 The production of ternary batteries is expected to decline further, impacting lithium salt demand and causing a downward spiral in lithium salt and ternary cathode materials prices. The outlook for the first half of the year remains challenging, with companies cautiously waiting for demand to improve. Lithium salt prices will continue to fall, and ternary cathode material prices are expected to follow suit.