February 28th News: Recently, the lithium iron phosphate cathode material project of Yiyuan New Energy was officially completed and put into operation. The project has a total investment of 2.5 billion yuan and is planned to recycle 40,000 tons of lithium iron phosphate batteries annually. Chempricehub's analysis of lithium iron phosphate indicates a bearish score: -1. The project's total investment of 2.5 billion yuan and annual recycling capacity of 40,000 tons of lithium iron phosphate batteries will significantly increase the market supply of recycled materials. Recycling can partially replace the demand for new lithium iron phosphate, leading to a relative oversupply in the spot market and thereby exerting downward pressure on prices. It is expected that spot prices may experience a slight decline in the short term, with bearish factors primarily stemming from weakened demand.