Shanghai Securities News reports that robust demand in the lithium battery market has recently driven up prices of key upstream raw material lithium hexafluorophosphate, while lithium iron phosphate capacity utilization rates have surged.
Statistics show that since September 15, lithium hexafluorophosphate prices have risen 44%, with a particularly sharp 33% jump over the past ten days. The core drivers of this price surge are strong demand recovery and tight supply conditions.
While LFP prices have not seen dramatic hikes, the industry's capacity utilization rate reached 73.46% in September, entering a prosperous phase. Leading LFP manufacturers continue operating at full capacity, while other companies with idle capacity are gradually restarting production to achieve full output.
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