Lithium iron battery iron powder price trend

What is the lithium iron phosphate battery market?

The Lithium Iron Phosphate Battery Market is driven by growing demand for electric vehicles due to environmental concerns and government incentives. Additionally, its high energy density and longer lifespan compared to traditional batteries contribute to its popularity.

What is the lithium iron phosphate battery market outlook for 2025?

In the power lithium battery market, China’s lithium iron phosphate batteries are expected to account for more than 60% of the market share by 2025. The global power and energy storage market is expected to drive the growth of lithium iron phosphate materials, which are expected to remain the dominant cathode materials with a proportion above 50%.

Is the lithium iron phosphate price still high?

Despite overcapacity, the lithium iron phosphate material is still expected to remain at the high price level of 100,000-130,000 RMB/ton at the end of this year. The market supply of lithium carbonate remains tight, and the price remains high.

Why is the lithium iron phosphate battery market vulnerable to disruptions?

Supply Chain Disruptions and Raw Material Availability: The Lithium Iron Phosphate Battery Market is vulnerable to disruptions in the supply chain and variations in the availability of raw materials, which provide difficulties for firms that depend on a reliable battery supply.

Why are lithium iron phosphate enterprises less motivated to buy raw materials?

The high price of lithium carbonate puts pressure on the profits of lithium iron phosphate enterprises, making them less motivated to purchase raw materials.

What is the future of lithium iron phosphate?

In 2021-2022, the production and expansion of lithium iron phosphate is expected to be faster and larger compared to previous years, and new enterprises are actively investing in this area.