Group 1 - In September 2025, China's import volume of ternary cathode materials reached 8,906 tons, an increase of 1,330 tons month-on-month, representing a growth rate of 17.6%, and a year-on-year increase of 4,163 tons, or 87.8% [1] - The import volume of lithium nickel cobalt manganese oxide (NCM) was 6,871 tons, while lithium nickel cobalt aluminum oxide (NCA) imports totaled 2,034 tons [1] - From January to September 2025, the cumulative import volume of cathode materials in China was 53,477 tons, reflecting a year-on-year decrease of 5.3% [1] Group 2 - In September 2025, China's export volume of ternary cathode materials was 11,100 tons, a decrease of 2,434 tons month-on-month, indicating a decline of 18.0%, but a year-on-year increase of 7,098 tons, or 177.4% [1] - The export volume of lithium nickel cobalt manganese oxide (NCM) was 10,934 tons, while lithium nickel cobalt aluminum oxide (NCA) exports were 166 tons [1] - From January to September 2025, the cumulative export volume of cathode materials in China was 85,357 tons, showing a year-on-year increase of 53.5% [1] Group 3 - In September 2025, China's net export volume of ternary cathode materials was 2,194 tons [1]

Core Insights - In August 2025, China's export volume of ternary cathode materials reached 13,534 tons, marking a month-on-month increase of 2,616 tons, or 24.0%, and a year-on-year increase of 5,604 tons, or 70.7% [1] - Cumulative exports of cathode materials from January to August 2025 totaled 74,257 tons, reflecting a year-on-year growth of 43.9% [3] - In August 2025, the import volume of ternary cathode materials was 7,576 tons, with a month-on-month increase of 919 tons, or 13.8%, and a year-on-year increase of 2,175 tons, or 40.3% [4] - Cumulative imports of cathode materials from January to August 2025 amounted to 44,572 tons, showing a year-on-year decline of 13.8% [4] Export Details - The export volume of lithium nickel cobalt manganese oxide (NCM type) was 13,352 tons, while lithium nickel cobalt aluminum oxide (NCA type) accounted for 183 tons in August 2025 [1] - The total export-import volume of ternary cathode materials in August 2025 was 5,958 tons [6] Import Details - The import volume of NCM type was 5,567 tons, and NCA type was 2,009 tons in August 2025 [4]