[Li-battery: Lopal Tech scraps 80kt precursor project, invests RMB 942M in 150kt battery-grade iron phosphate line]

Published: Nov 03, 2026 17:53 (GMT+8)
Lopal Tech announced on Oct 31 that it will terminate a previously planned 80,000 t/yr iron phosphate precursor project and instead invest about RMB 942 million in a new 150,000 t/yr battery-grade iron phosphate line (LP-15) in Juancheng, Shandong, redirecting around RMB 216 million of surplus funds from a completed cathode material project. Construction will take 12 months, with work expected to start in January 2027, mainly supplying the company's in-house LFP cathode production within the same industrial park. SMM data shows iron phosphate prices rose over 50% from around RMB 10,000/t in early 2026 to about RMB 15,500/t in September amid tight supply-demand balance, supporting the company's vertical integration strategy to secure supply and cut costs.

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