In April 2026, the domestic production of lithium iron phosphate (LFP) reached 478,200 tonnes, representing a month-on-month increase of 6.6%. During this month, multiple projects in the industry commenced production and ramped up, leading to a sustained release of effective supply.
It is estimated that LFP production will rise to 498,800 tonnes in May 2026, a month-on-month increase of 4.31%. Market order demand remains strong in May, with new capacities from a few producers continuing to ramp up. Moving forward, close attention should be paid to the ramp-up progress of new capacities and the supply stability of upstream lithium iron phosphate precursors.
Edited by Cassie Li, lixiangying@mysteel.com
