This week, market dynamics showed a slight rise in LFP B-grade prices, while ternary B-grade high C-rate, low ampere-hour specifications continued their upward trend. Cost side, cobalt salt prices remained stable, while lithium chemicals saw a decline. Supply side, driven by dual demand factors—ESS year-end installation rush demand release and sustained increase in overseas orders, coupled with steady growth in EV sector demand—overall battery cell demand rose significantly, leading to a reduction in second-life battery market supply. Demand side, upstream raw material prices remain high, downstream markets have long maintained just-in-time procurement, and previous cobalt salt price increases have gradually passed through to the end-use market. These factors collectively pushed up LFP B-grade and ternary B-grade prices this week, with the latter experiencing a more pronounced impact.

In October, the sodium-ion battery industry chain entered a phase of adjustment, presenting a complex picture of "weakening material segment MoM and steady progress in the battery cell segment." Cathode materials faced short-term pressure due to inventory digestion and system compatibility issues, declining significantly MoM. While hard carbon anodes maintained strong YoY growth, they were constrained by three major bottlenecks: cost, performance, and scalability. The electrolyte market remained relatively stable, with minor fluctuations not altering the long-term collaborative trend.

Recently, the Hefei Municipal Bureau of Ecology and Environment officially accepted the environmental impact assessment application for the "Annual Processing of 75,000 mt of Lithium Battery Materials Recycling Project" submitted by a renewable resources enterprise in Anhui. According to the plan, the project is expected to construct three modern production workshops and supporting facilities, introduce advanced equipment such as crushers, vibrating screens, and grinding machines, and establish one battery cell crushing production line, three negative pole piece regeneration processing lines, and one positive pole piece regeneration treatment line.