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As two important directions for power lithium-ion batteries, iron phosphate lithium-ion batteries and ternary lithium-ion batteries have been fluctuating and competing with each other for many years.
Starting from 2016, the range of electric vehicles has become a focus of attention and research for various electric vehicle manufacturers, and the ternary lithium-ion battery with high energy density and strong single unit range has become a hot topic in everyone's eyes. With the influx of capital and strong policy support, many newly added lithium iron phosphate projects have either been idle or suspended, leading to a period of surplus production for several years.
However, starting from February this year, the price of lithium iron phosphate, the cathode material for lithium iron phosphate ion batteries, began a bottoming out rebound rhythm. According to data monitored by Business Society, throughout February, the average price of high-quality domestic power grade lithium iron phosphate increased from 37000 yuan/ton in January to 41000 yuan/ton. As of yesterday, the price has risen again to 43000 yuan/ton.
From information obtained from multiple channels, it can be seen that the increase in the price of lithium iron phosphate is partly due to the transmission of the upstream raw material lithium carbonate price increase that began at the end of last year (with a certain lag); On the other hand, it comes from downstream power lithium battery factories and vehicle manufacturers regaining their awareness of the safety and low cost of lithium iron phosphate batteries, which has led to a significant increase in product demand.
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