May 20 News
Bijie Rongbai Lithium Battery Materials Co., Ltd. plans to construct a pyrometallurgical production line with an annual capacity of 1 million tons of lithium iron phosphate (LiFePO4). The project will be implemented in three phases, with the first phase achieving an annual production capacity of 340,000 tons.
Chempricehub Rating for Lithium Iron Phosphate: Bullish/Bearish Score: -1
Chempricehub analysis: Bijie Rongbai's proposed LiFePO4 production line (1 million tons per year, rolled out in three phases, with Phase 1 capacity of 340,000 tons) signals a clear long-term supply increase expectation, which will exert downward pressure on spot prices of lithium iron phosphate.
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