Behind the "price increase trend" of lithium iron phosphate: Cost rise compounded by supply and demand warming, companies seek to raise prices to reduce losses.

Recently, the news of the price increase of key materials for the new energy industry, such as lithium iron phosphate, has attracted widespread attention in the market. After conducting research, reporters learned that due to the rising prices of upstream raw materials and the strong demand in the downstream market, lithium iron phosphate production companies are seeking price increases in an attempt to turn around their losses. Zhou Bo, the Secretary-General of the Lithium Iron Phosphate Materials Sub-Association of the China Chemical and Physical Power Industry Association, said in an interview, "Currently, many companies in the lithium iron phosphate industry are operating at full capacity, and the overall supply and demand should be in a tight state." Some interviewed companies also told reporters, "The company is actively communicating with downstream customers to raise prices, and this round of price increases is expected to significantly narrow the losses in the company's lithium iron phosphate business."