2023 SMM Analysis: Integrity and Contract Spirit Diminished in Lithium Iron Phosphate Industry

SMM Analysis: Inventory of 8 Current Situations in the Lithium Iron Phosphate Industry in 2023, Integrity Lost, Contract Spirit Diminished

Recently, SMM inventoried the 8 current situations in the lithium iron phosphate industry in 2023, including industry investment enthusiasm, price trends, market trends, and trading activities. Both lithium iron and lithium iron phosphate are experiencing overcapacity and low prices in 2023, which is a significant difference compared to 2022. In the race to capture the market, companies are honing their basic skills, cutting costs, and expanding their customer base with great confidence to secure their future. However, as more and more companies join the industry, the advantage of traditional companies is gradually diminishing, with each new entrant having strong capabilities.