Longpan Lithium Source Expects Lithium Iron Phosphate Profits to Normalize as Market Dynamics Shift

Published: May 21, 2024 08:53

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【Lithium Iron Phosphate: Longpan Lithium Source Expects Profit to Return to Normal】On the evening of May 20th, Longpan Technology (603906) issued a notice announcing the convening of the 2023 annual performance and cash dividend explanation meeting. Compared with 2023, the sales volume of lithium iron phosphate increased by 14% year-on-year, and profits are expected to gradually return to the normal range. Based on three points: (1) Lithium salt: The price of lithium carbonate is already at a low level, and the chance of significant fluctuations in the future is small. In addition, a 40,000-ton lithium carbonate processing plant is being built in cooperation with Ningde Times in Yichun, Jiangxi. (2) Raw material procurement: Improve the company's bargaining power to ensure basic stability of raw material supply; develop new qualified suppliers and expand procurement sources. (3) Operating regulation: Flexibly adjust procurement strategies and measures according to production needs and inventory status.

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