Weekly review and forecast for lithium iron phosphate (LFP)

SHANGHAI, Jun 26 (SMM) – LFP prices remained steady last week as demand increased, pushing the operating rate of LFP plants upward. The prices of main raw materials, lithium carbonate and lithium iron phosphate, were stable with lithium carbonate showing high-level fluctuations, leading enterprises to purchase on demand. New energy vehicle and energy storage sectors were notably active with transactions. As the month-end contract signing season approached, both supply and demand sides engaged in negotiations over LFP prices. Moving forward, LFP prices are forecasted to hold steady.