The supply and demand for lithium battery materials have reversed, with lithium hexafluorophosphate prices soaring, and the capacity utilization rate of lithium iron phosphate has entered a prosperous range

Recently, the strong demand in the lithium battery market has transmitted upstream, leading to a significant increase in the price of lithium hexafluorophosphate, the main raw material, and a rise in the capacity utilization rate of lithium iron phosphate. According to statistics from reporters, since September 15, the price of lithium hexafluorophosphate has risen by 44%, with a particularly sharp increase of 33% in the last ten days. According to a research report from Everbright Securities, the core driving factors for the price increase are the strong recovery in demand and the tight supply situation. Although the price of lithium iron phosphate has not seen a substantial increase, according to statistics from Zecun Consulting, the capacity utilization rate of the lithium iron phosphate industry in September was 73.46%, entering a prosperous range. Leading companies in lithium iron phosphate, such as Yuneng New Energy, Fulian Precision, and GOTION, continue to operate at full capacity, while companies in the second tier that previously had idle capacity are gradually reopening and moving towards full production