January 5th — Longpan Technology plans to invest in the construction of a lithium iron phosphate production base with an annual capacity of 240,000 tons in the Hu Luogeng High-tech Industrial Development Zone, Jintan District, Jiangsu Province. Chempricehub analysis of lithium iron phosphate, with a bullish-bearish rating: -1. Longpan Technology's plan to invest in the construction of a lithium iron phosphate production base with an annual capacity of 240,000 tons in the Hu Luogeng High-tech Industrial Development Zone, Jintan District, Jiangsu Province, will significantly increase market supply through the addition of new capacity. Although the demand growth in the electric vehicle market remains stable, the pace of supply expansion may exceed the rate of demand growth, leading to downward pressure on spot prices. This news generally exerts a bearish impact on the lithium iron phosphate spot market, with prices expected to face short-term correction risks.