Lithium iron phosphate prices double as demand remains strong

金十2026/06/21 00:18

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

```htmlGolden Ten Data reported on June 21 that iron phosphate and lithium iron phosphate are important raw materials for new energy and energy storage batteries. Their prices have been rising steadily this year, and the market remains highly active. According to reporters, a package of about 400 kilograms of lithium iron phosphate now costs over 25,000 yuan, whereas a year ago the price was only 10,000 yuan. Despite the price having doubled, demand remains strong. In the finished goods warehouse of a lithium iron phosphate production factory, both new shelves and the floor are packed with products. Over 90% of the lithium iron phosphate produced by this company is supplied to leading new energy vehicle manufacturers, which is the primary source of their growth in order volume this year. Company executives told reporters that booming exports of new energy vehicles and energy storage products are continuously driving up demand for lithium iron phosphate, making it a key reason for this round of price increases. In addition to downstream demand stimulation, rising prices of upstream raw materials are another critical factor behind the current high prices of lithium iron phosphate. It is reported that lithium iron phosphate is mainly produced by mixing iron phosphate, lithium carbonate, and glucose, with iron phosphate accounting for around 30% of the total raw material cost. Since the beginning of this year, the price of iron phosphate has risen sharply, increasing the overall production cost of lithium iron phosphate.```

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

IREM issued a correction to its Sept. 4 board resolution calling an extraordinary shareholders’ meeting, updating the agenda to specify three director appointments. The meeting is scheduled for Oct. 21 at 9 a.m. at the company’s headquarters in Buan, North Jeolla Province. The revised slate includes the reappointment of CEO Woojin Kim as an inside director for a three-year term. The revised slate includes the appointment of Youngcheol Seong as an inside director for a three-year term. The revised slate includes the appointment of Hyungdo Lee as an independent director for a three-year term. The correction dated Oct. 6 was filed to reflect the finalized agenda items. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IREM Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261006900738), on October 06, 2026, and is solely responsible for the information contained therein.

Bitget•2026/10/06 09:42