China Jan-May Lithium-Ion Battery Manufacturing Investment Rises 24.9%

On June 15, EVE Energy disclosed its performance forecast for the first half of 2026. During this period, the net profit attributable to shareholders of the listed company is expected to reach between 3.130 billion yuan and 3.371 billion yuan, representing a year-on-year increase of 95% to 110%. The performance growth is primarily attributed to product iteration, service upgrades, and process optimization, with operating revenue increasing by approximately 60% year-on-year in the first half of the year. Meanwhile, in the face of upward pressure on supply chain costs, EVE Energy effectively cushioned the impact of material cost fluctuations through diversified supply chain layouts, strategic procurement, and the prudent use of financial instruments, ensuring the stability of profitability in its core business.

Recently, the pre-approval public notice for the environmental impact report of the Kaiyang "Phosphorus-Titanium-Iron-Lithium" Coupling Cyclic Integration Project's annual 150,000-ton battery-grade lithium carbonate project (Phase I: 30,000 tons) has been released. The project is located in Kaiyang County, Guiyang City, Guizhou Province, with an estimated total investment of 881.67 million yuan, including an environmental protection investment of 40 million yuan. The planned construction period is 18 months. The project will establish a 30,000-ton-per-year battery-grade lithium carbonate production line, with an annual by-product of 84,960 tons of anhydrous sodium sulfate.

【Phosphorus Chemicals: Wengfu Raises Wet-Process 85% Phosphoric Acid Price by RMB 500 to RMB 12,100/ton】 On June 15, 2026, according to SMM, Wengfu increased its ex-factory price for wet-process 85% phosphoric acid by RMB 500 to RMB 12,100/ton. Driven by sharp fluctuations in sulfur prices, this hike is intended to ease tight supply pressures and curb downstream demand. A total of 800,000 tonnes of capacity at the Dazhou and Shanghang bases remain offline. Outlook: Significant geopolitical influences are expected to keep prices volatile in the short term. The rise in phosphoric acid prices further pushes up production costs for iron phosphate and lithium iron phosphate (LFP).