Polaris Energy Storage Network News: Recently, domestic prices of raw materials for power batteries such as lithium carbonate and lithium hydroxide have continued to rise. As of early April, the prices of lithium carbonate, lithium iron phosphate, lithium hydroxide and other products have risen sharply compared with the beginning of the year. Lithium prices have even risen by more than 50%. The pressure of rising raw material costs is gradually spreading along the entire industry chain. While the profits of power battery companies are being squeezed, the pressure on new energy vehicles to reduce costs has also increased.

Lithium battery raw material prices have risen sharply

Liu Yong, secretary general of the Energy Storage Application Branch of China Chemical and Physical Power Industry Association, told reporters that from the end of 2020 to the present, due to the sharp rise in demand, the prices of domestic lithium battery electrolytes, positive and negative materials and other raw materials have risen to a certain extent. This year's upward trend is particularly evident. On the whole, the price of raw materials has risen by about 20-30% compared with before the price increase.

The reporter learned that the price increase of the main lithium raw materials such as lithium carbonate and lithium iron phosphate in the domestic market is particularly obvious. The latest data released by the business agency shows that from January to early April, the price of industrial-grade lithium carbonate in East China has risen from 56,000 yuan / ton to about 87,000 yuan / ton, an increase of more than 50%, and the domestic price of industrial-grade lithium hydroxide It has also risen sharply from 52,000 yuan / ton to about 75,000 yuan / ton, an increase of more than 40%. In addition, the domestic price of lithium iron phosphate has also risen from 38,000 yuan / ton to 48,000 yuan / ton, an increase of about 25%.

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