The production of lithium iron phosphate (LFP) in China reached 214,800 tonnes in August 2024, marking a month-on-month increase of 8.5%. The growth is attributed to a recovery in demand and increased procurement of LFP in August, and some manufacturers started stocking up in advance to prepare for the peak season.
It is expected that China's LFP production will rise 9.2% to 234,600 tonnes in September as it will enter the traditional peak season. Both the power and energy storage sectors are expected to grow, and some small and medium-scale LFP manufacturers will operate at full capacity.
Written by Cora Ji, jiruyan@mysteel.com