China's lithium iron phosphate (LFP) production reached 512,600 tonnes in June, an increase of 2.87% from the previous month. In the middle of the year, the industry carried out inventory reduction. Coupled with the fact that the capacity ramp-up progress of some enterprises was not as planned and the commissioning was delayed, the overall supply of LFP for June was limited.
Looking ahead to July, LFP production is expected to rise further to 536,600 tonnes, up 4.68% month-on-month. Capacity continues to be released in Sichuan, Shandong, and other regions, while some producers are also advancing production line technological upgrades. It is necessary to continuously monitor the progress of new capacity release in the industry in the future.
Written by Cora Ji, jiruyan@mysteel.com
