First, multi-material indexation has become normal practice in domestic cell pricing. However, passing these costs through to project owners is far from smooth. Second, the adjustment cycle in overseas markets is shortening. Yet even a lithium-carbonate-only linkage faces resistance at the owner level. Third, cost pressure is concentrating heavily at the integration stage.

Recycling Industry Events This Week (April 4.27-4.30)

Recycling Industry Events This Week (April 4.20-4.24)

On April 24, Jiangsu Lopal Tech Co., Ltd. released its 2025 annual report. The report shows that the company achieved operating revenue of 8.938 billion yuan in 2025, a year-on-year increase of 16.42%; total profit was -224 million yuan. As of the end of 2025, the company's total assets reached 18.672 billion yuan, a year-on-year increase of 16.30%; net assets attributable to shareholders of the listed company were 2.828 billion yuan, a year-on-year decrease of 10.79%. The company's lithium iron phosphate product shipments rank among the top in the industry. It has established long-term and stable cooperative relationships with major global lithium battery manufacturers such as CATL, LG Energy Solution, REPT BATTERO, EVE Energy, Sunwoda, and ChuNeng New Energy.

On the evening of April 3, Xingfa Group (600141) announced that its wholly-owned subsidiary company, Inner Mongolia Xingfa Technology Co., Ltd., plans to invest 1.381 billion yuan to build a 100,000-ton/year battery-grade lithium iron phosphate project in the Wuda Industrial Park, Economic Development Zone, Wuhai City, Inner Mongolia.

On April 8, the Lianyungang Ecological Environment Bureau released the acceptance public notice for the environmental impact report of the "Jiangsu Dejia Circular Recycling Technology Co., Ltd. Annual Resource Utilization of 50,000 Tons of Spent Lithium-Ion Battery Project." The project will construct one cascade utilization line and two recycling lines, achieving an annual resource utilization capacity of 50,000 tons of spent lithium-ion batteries, including ternary and spent lithium iron phosphate batteries. About 60% of the recovered waste batteries meet cascade utilization requirements, with the remainder entering recycling. Final production capacity: