In May 2026, China imported 131,000 mt of phosphate ore, down 36.4% from April, with the average price easing 2.6% to $93/mt.

【Phosphorus Chemicals: Wengfu Raises Wet-Process 85% Phosphoric Acid Price by RMB 500 to RMB 12,100/ton】 On June 15, 2026, according to SMM, Wengfu increased its ex-factory price for wet-process 85% phosphoric acid by RMB 500 to RMB 12,100/ton. Driven by sharp fluctuations in sulfur prices, this hike is intended to ease tight supply pressures and curb downstream demand. A total of 800,000 tonnes of capacity at the Dazhou and Shanghang bases remain offline. Outlook: Significant geopolitical influences are expected to keep prices volatile in the short term. The rise in phosphoric acid prices further pushes up production costs for iron phosphate and lithium iron phosphate (LFP).

Recently, the People's Government of Daying County released a public notice for the environmental impact assessment approval application for the annual 50,000-ton iron phosphate project of Sichuan Qianyuan Electronic Materials Co., Ltd. The project is located at No. 222, Pengyan Avenue, Penglai Town, Daying County, Suining City, Sichuan Province, and is classified as an expansion and renovation project. The company currently has an existing annual 30,000-ton battery-grade iron phosphate project with complete relevant approvals and a stable operating status. This expansion will utilize the company's reserved land within the existing plant site to construct new production workshops, warehousing, a boiler room, and other supporting facilities, while also renovating existing workshops. Upon completion, the company's total annual iron phosphate production capacity will reach 80,000 tons.

On June 3, the Yichang Municipal Bureau of Ecology and Environment issued a public notice soliciting comments on the draft environmental impact report for the 300,000-ton waste lithium iron phosphate (LFP) battery recycling project of Yichang Brunp Recycling Technology Co., Ltd. This project is an expansion, with a total investment of 1,065.5119 million yuan. Upon completion, the project will have an annual processing capacity of 300,000 tons of waste LFP battery packs, including waste LFP power battery packs, battery modules, battery cells, battery powder, electrode sheet powder, and related materials.

After both sodium-ion battery cathodes and hard carbon anodes recorded significant increases YoY and MoM in May, the midstream and downstream segments of the industry chain—electrolytes and battery cells—also delivered impressive results, yet structural issues lurk beneath the growth.

In May, key materials for sodium-ion batteries sustained their strong momentum, with both cathode and hard carbon anode recording sharp YoY and MoM growth. Top-tier players’ order books were full and capacity utilization rates approached their limits. On the supply side, the pattern of rising volumes and stable prices was pronounced, yet pressure to pass on rising raw material costs was also building.

Zeekr Korea unveiled the premium midsize electric SUV “7X” in South Korea and will begin full-scale sales in the second half of this year. In South Korea, the model will be offered in three trims: Pro, Max and Ultra. The Pro trim is equipped with Zeekr’s self-developed 75 kWh lithium iron phosphate (LFP) “Golden Battery.” The Max and Ultra trims are equipped with 100 kWh high-performance nickel-cobalt-manganese (NCM) batteries supplied by CATL. The Pro and Max trims each feature a single electric motor, delivering a maximum output of 421 hp and maximum torque of 45 kgf·m. Their certified driving ranges are 375 km and 483 km, respectively. The Ultra trim is an all-wheel-drive (AWD) model based on a dual-motor system, with motors mounted on the front and rear axles. It delivers up to 645 hp and maximum torque of 72.4 kgf·m, with a maximum driving range of 440 km.

Recently, the Economic Cooperation and Foreign Affairs Bureau of Gao County, Sichuan Province, released a public notice soliciting comments on the environmental impact report for the Gao County 80,000-ton waste lithium battery dismantling and comprehensive utilization project of Jiushi New Energy (Sichuan) Co., Ltd. It is reported that this project will construct 10 battery dismantling and crushing production lines. These include 3 lithium iron phosphate battery crushing lines, 2 ternary lithium battery crushing lines, 2 lithium iron phosphate battery cathode sheet processing lines, 2 lithium iron phosphate battery anode sheet processing lines, and 1 battery echelon utilization line.

Samsung SDI is converting part of the production lines at StarPlus Energy, its U.S. electric vehicle battery joint venture plant, to produce lithium iron phosphate (LFP) batteries for energy storage systems (ESS). The conversion applies to part of the lines at StarPlus Energy Plant 1. Rather than adding a separate new production line, Samsung SDI is modifying existing high-nickel nickel-cobalt-aluminum (NCA) battery lines to accommodate LFP battery production.

Italian energy giant Eni and battery energy storage company Seri Industrial have signed an agreement to jointly develop an industrial supply chain for lithium iron phosphate (LFP) batteries, the two companies disclosed on Friday. In a joint statement, the partners said the collaboration will be carried out through their respective subsidiaries Eni Industrial Evolution and FIB. The scope includes the production of LFP battery cells and modules, as well as the assembly of stationary energy storage systems for the industrial and commercial sectors and systems for electric mobility.