China's lithium iron phosphate (LFP) production was up 11.21% MoM to 395,700 tonnes in October. In October, the energy storage market continued its positive trajectory. In the power battery sector, growth was driven by increased commercial vehicle production and sales, higher battery cell energy density, and the successful ramp-up to full capacity of high-density production lines by top-tier producers. These factors collectively pushed LFP output to new highs.
China's LFP production in November is forecast to rise further to 405,600 tonnes. Most producers maintained full-load production, with orders for B-series suppliers experiencing slight growth. The overall operating rate continued to rise, and production schedules in November are expected to increase by 2.5%.
Edited by Cassie Li, lixiangying@mysteel.com
