China Battery Materials: Chart of the week - Inventory management

ab 21 September 2026 Global Research First Read Chart of the week - Inventory management Please see below link to our updated battery materials database and chart of the week. September production cut Sep 20th, NECI further cut battery scheduled production by 1% (cumulative 3% vs Aug end), while ICCSINO fine tuned its battery schedule (cumulative 1% vs Aug end). Inventory management Inventory management (mostly EV battery) in Sep looks early (as it normally happens around year end), but NCM indicated there has been continued cathode production cut in the past 4 months (figure 2). What about ESS?