Analysis of the Reasons for the Price Hike of Lithium Iron Phosphate Batteries

Industry insiders point out that lithium carbonate is the core raw material for lithium iron phosphate batteries. For every 10,000 yuan/ton increase in its price, the cost of lithium iron phosphate cathode materials increases by approximately 2,300-2,500 yuan/ton. In 2025, lithium carbonate prices repeatedly broke new highs, and inventories continued to decline, leading to a significant cost transmission pressure due to the supply-demand imbalance.