In November 2025, China's LFP production reached a historic high of 407,800 tonnes, marking a month-on-month increase of 3.06%. Driven by dual demand from the power and energy storage sectors, the overall industry operating rate continued to rise, with most plants maintaining full-capacity production.
In December, LFP production is projected to be 403,100 tonnes, reflecting a slight decrease of 1.15% compared to the previous month. In terms of production schedules, most manufacturers maintained stable output, while some ones showed divergent trends. In detail, production cuts were primarily influenced by factors such as phased adjustments in power battery orders, year-end destocking, and production line maintenance. Meanwhile, production increases were mainly supported by the steady ramp-up of new capacity in Hubei province, which helped bolster the overall supply.
Edited by Cassie Li, lixiangying@mysteel.com
