Iron phosphate and lithium iron phosphate are important raw materials for new energy sources and energy storage batteries. Prices have been rising since this year, and the market popularity remains high. The reporter learned that the current price of a pack of about 400 kilograms of lithium iron phosphate is over 25,000 yuan; a year ago, the price was only 10,000 yuan. Although prices have doubled, demand is still strong. In the finished product warehouse of a lithium iron phosphate production plant, goods were filled with everything, whether on the new shelves or on the floor. More than 90% of the lithium iron phosphate produced by this company is supplied to leading NEV companies. This is the biggest source of increase in their orders this year. A company official told the reporter that strong exports of new energy vehicles and energy storage products are driving demand for lithium iron phosphate to continue to rise, which is an important driver for this round of product price increases. In addition to being driven by downstream demand, the rise in upstream raw material prices is another key factor in the current round of rising lithium iron phosphate prices. According to reports, lithium iron phosphate is mainly produced by mixing iron phosphate, lithium carbonate, and glucose. Among them, the cost of iron phosphate accounts for about 30% of the total cost of raw materials. Since this year, the price of iron phosphate has risen sharply, raising the overall production cost of lithium iron phosphate.

Iron phosphate and lithium iron phosphate are important raw materials for new energy sources and energy storage batteries. Prices have been rising since this year, and the market popularity remains high. The reporter learned that the current price of a pack of about 400 kilograms of lithium iron phosphate is over 25,000 yuan; a year ago, the price was only 10,000 yuan. Although prices have doubled, demand is still strong. In the finished product warehouse of a lithium iron phosphate production plant, goods were filled with everything, whether on the new shelves or on the floor. More than 90% of the lithium iron phosphate produced by this company is supplied to leading NEV companies. This is the biggest source of increase in their orders this year. A company official told the reporter that strong exports of new energy vehicles and energy storage products are driving demand for lithium iron phosphate to continue to rise, which is an important driver for this round of product price increases. In addition to being driven by downstream demand, the rise in upstream raw material prices is another key factor in the current round of rising lithium iron phosphate prices. According to reports, lithium iron phosphate is mainly produced by mixing iron phosphate, lithium carbonate, and glucose. Among them, the cost of iron phosphate accounts for about 30% of the total cost of raw materials. Since this year, the price of iron phosphate has risen sharply, raising the overall production cost of lithium iron phosphate.