January 14th News – On the evening of January 13th, Ronbay Technology announced that the company has signed a "Lithium Iron Phosphate Cathode Material Procurement Cooperation Agreement" with CATL. Starting from the first quarter of 2026 until 2031, Ronbay Technology is expected to supply 3.05 million tons of lithium iron phosphate cathode materials to CATL's domestic region, with total sales exceeding 120 billion yuan. Chempricehub's analysis of lithium iron phosphate indicates a bullish-bearish score of 2. This agreement involves CATL's long-term procurement of 3.05 million tons of lithium iron phosphate cathode materials, totaling over 120 billion yuan, spanning from 2026 to 2031. This signals a significant increase in downstream demand and reinforces expectations of tight market supply. It is expected to substantially drive up the spot price of lithium iron phosphate, as large-scale orders lock in demand, boost industry confidence, and attract investment, representing a major positive factor.
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