Chinese Lithium Producers Raise Prices Amid Supply Tightening
Several major lithium iron phosphate (LFP) manufacturers in China have raised prices or plan to do so as demand for electric vehicles and energy storage systems continues to surge. According to Shanghai Securities News, one unnamed company will hike its processing fees by RMB 3,000 per ton starting January 1, 2026.Key TakeawaysLFP producers in China are raising prices due to rising demand and supply constraints.The effective capacity utilization rate of LFP manufacturers has surpassed 95 percent as orders outstrip production capabilities.CATL, a leading battery manufacturer, recently began mass-producing its fifth-generation LFP batteries with improved energy density.Orders placed before November 1, 2025 will remain at the original contract prices for one unnamed company that implemented a...