2024 Outlook for Lithium Iron Phosphate Industry: SMM Analysis Shows Industry Activity Despite Global Economic Downturn

SMM Analysis: The 2024 Outlook for Lithium Iron Phosphate Industry - Alive!

On the last workday of 2023, and also the last trading day, transactions for iron phosphate and lithium iron phosphate were flat. The market remained active on the final day, with the noise of bargaining far exceeding the crisp sound of money being pocketed. Today was the day when CATL held a supplier conference: the aircraft carrier was filled with various types of fighter jets. 2024 is not as pessimistic! There is an increase in demand for new energy vehicles, an increase in demand for energy storage, and an increase in exports. Despite the global economic downturn, it remains a period of development for the new energy industry.