The supply and demand pattern of lithium iron phosphate market will reverse in 2023, and enterprises will face challenges

In 2023, the supply and demand pattern of the lithium iron phosphate market reversed, and iron phosphate and lithium iron phosphate companies faced a cold winter, with capacity expansion suspended, large companies reducing production, and small companies temporarily stopping production. Data shows that by the end of 2023, China's iron phosphate production capacity will reach 3.619 million tons and lithium iron phosphate production capacity will reach 3.417 million tons, but the overall capacity utilization rate will be less than 50%.