April 20th — Recently, Ronbay Technology plans to invest in the construction of an annual production capacity of 520,000 tons of lithium iron phosphate precursor wet process project and an annual production capacity of 340,000 tons of lithium iron phosphate pyrometallurgical project. Chempricehub analyzes lithium iron phosphate with a long-short score: -1.5. Ronbay Technology plans to build an annual production capacity of 520,000 tons of lithium iron phosphate precursor wet process project and an annual production capacity of 340,000 tons of lithium iron phosphate pyrometallurgical project, totaling approximately 860,000 tons of new lithium iron phosphate capacity. This will significantly increase market supply, potentially putting downward pressure on spot prices. The risk of oversupply is rising, intensifying industry competition, and posing significant bearish pressure on prices in the short term.