There have been frequent cases of LFP producers receiving large orders, and some of the big players are raising prices.
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Category: Raw Materials
BYD acquired mining rights for two plots of land in a lithium-rich part of Brazil in 2023, Reuters reported.
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BYD acquired mining rights for two plots of land in a lithium-rich part of Brazil in 2023, Reuters reported.
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BYD acquired mining rights for two plots of land in a lithium-rich part of Brazil in 2023, Reuters reported.
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BYD acquired mining rights for two plots of land in a lithium-rich part of Brazil in 2023, Reuters reported.
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A rumor -- later confirmed -- that CATL had suspended lithium production in Jiangxi sent shares of major lithium producers soaring.
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Demand for power batteries in China was steady overall in July, but battery material costs continued to fall, resulting in a slight downward trend in battery cell prices, TrendForce said.
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TrendForce expects battery cell prices to continue to face downward pressure at the beginning of the third quarter, with hopes for price stabilization resting on restocking demand under the peak season at the end of the third quarter.
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Lithium producers including Ganfeng and Tianqi expect their net profits in 2023 to be much lower than in 2022, with the common reason being a sharp drop in lithium prices.
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Lithium carbonate prices are expected to still have room to fall, with the supply-demand balance point expected to occur by the end of 2024 or 2025, an expert said.
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