Changes in the supply and demand pattern of China's iron phosphate and lithium iron phosphate markets in 2023

In 2023, the supply and demand pattern of China's iron phosphate and lithium iron phosphate markets reversed, capacity expansion was suspended, and some companies reduced or stopped production. Data showed that by the end of 2023, China's iron phosphate production capacity reached 3.619 million tons and lithium iron phosphate production capacity reached 3.417 million tons, but the overall capacity utilization rate was less than 50%.