Ganfeng Lithium: Net Profit for Q1 2026 Estimated at 1.6–2.1 Billion Yuan, up 549.65%–690.17% YoY

The company plans to launch its fifth-generation LFP full-scenario battery in mid-May, covering all application scenarios including passenger vehicles, commercial vehicles, energy storage, and low-altitude aircraft. According to reports, the new fifth-generation LFP battery can achieve a maximum energy density of 205 Wh/kg; the superfast charging version can charge from 10% to 70% SOC in less than 4.5 minutes; the ultra-long lifespan version can support over 10 years of ultra-long warranty for vehicle use and a 30-year ultra-long lifespan for energy storage applications. Gotion High-tech will hold the 2026 Global Technology Conference in Hefei on May 16, where the technology will be unveiled.

In March 2026, China’s phosphate ore imports reached 182,000 mt, up 88.2% MoM and 144.4% YoY, with an average price of $79.9/mt, down 7.2% MoM.Affected by Strait of Hormuz disruptions, Jordan halted supplies for the first time since September 2023. Imports mainly came from Egypt (170,000 mt) and Pakistan (12,000 mt), through Guangxi, Hubei and Fujian.

[China Imported 29,974 mt of Lithium Carbonate and Exported 448 mt of Lithium Carbonate in March 2026] According to customs data, China imported 29,974 mt of lithium carbonate in March, up 13% MoM and up 65% YoY. Among them, 18,000 mt was imported from Chile, accounting for 61% of total imports; 8,292 mt from Argentina, accounting for 28%; and 2,100 mt from Indonesia, accounting for 7%. From January to March, China's cumulative lithium carbonate imports reached 83,000 mt, up 65% YoY on a cumulative basis. In March, China exported 448 mt of lithium carbonate, down 25% MoM and up 104% YoY. From January to March, China's cumulative lithium carbonate exports totaled 1,516 mt, up 46% YoY on a cumulative basis.