February 11th News On February 9th, Guizhou Phosphate Chemical Zhonghe Materials Co., Ltd. announced the pre-approval environmental impact assessment for the "Phosphorus-Titanium-Iron-Lithium" integrated coupling recycling project, specifically the first phase of the 1.6 million tons per year lithium iron phosphate project (300,000 tons per year). Upon completion, the project is expected to produce 300,000 tons of lithium iron phosphate annually, along with 330,000 tons of ammonium sulfate as a by-product. **Chempricehub Analysis** **Lithium Iron Phosphate** Bull-Bear Score: -1 The project will produce 300,000 tons of lithium iron phosphate annually upon completion, significantly increasing supply and potentially leading to market oversupply. As a key raw material for lithium battery cathodes, demand for lithium iron phosphate is currently growing. However, the addition of new production capacity in the short term will intensify competition, exerting downward pressure on spot prices, which is generally bearish. **Ammonium Sulfate** Bull-Bear Score: -1 As a by-product, the project will produce 330,000 tons of ammonium sulfate annually. The increase in supply is expected to impact the fertilizer market. While demand for ammonium sulfate remains relatively stable, the additional production capacity may lower spot prices, particularly as seasonal agricultural demand has not increased correspondingly. This is generally bearish for prices.