In July 2024, China's LFP production was 198,000 tonnes, with an increase of 1% compared to the previous month. In July, it was still in the off-season of the industry, with battery cell factories maintaining destocking and LFP enterprise orders fluctuating, resulting in relatively stable overall demand.
It is likely that the LFP production in August will reach 207,800 tonnes. With the support of energy storage orders, downstream demand has rebounded in August, leading to an increase in LFP procurement and a 4.9% month-on-month increase in production.
Edited by Cassie Li, lixiangying@mysteel.com