SMM

[SMM Analysis: LFP Prices Showed a Slight Increase This Week] This week, LFP prices experienced relatively small fluctuations, showing a slight increase. Lithium carbonate showed signs of stabilizing after a decline this week. The signing of long-term contracts for next year is expected to primarily feature no discounts or very low discounts. Processing fees saw little change this week, remaining generally aligned with long-term contract prices and relatively stable. However, due to the rising trend in iron phosphate raw material prices, material manufacturers have shown a strong demand for increasing processing fees in the near term and for next year, with a clear sentiment to stand firm on quotes.