In October 2026, lithium battery material prices showed divergent trends. Lithium carbonate fell faster, further weakening cost support; electrolyte prices edged up as rising solvent costs offset weaker LiPF6; LiPF6 held firm early in the month before coming under pressure and adjusting lower toward month‑end; and anode material prices continued rising overall, supported by orders and rigid demand.
Key market developments
On 28 September, 2026, the MIIT and seven other ministries jointly issued the 15th Five‑Year Plan for the New‑Type Battery Industry, targeting 15,000 cycles for long‑life lithium batteries and initial large‑scale adoption of all‑solid‑state batteries by 2030.
On 8 October, 2026, LGES announced a long‑term lithium concentrate supply agreement with North American lithium producer Elevra Lithium. Under the deal, LGES will receive a cumulative 240,000 tonnes of lithium concentrate over four years starting from the end of this year.
On 9 October, 2026, LONGi's subsidiary LONGi Jingkong Energy Storage Intelligent Manufacturing Base officially opened, advancing digital and intelligent upgrades to build an end‑to‑end smart operations system spanning manufacturing, testing, quality inspection, and delivery.
On 16 October, 2026, Shangtai Technology stated at a recent investor relations event that the anode materials industry is currently in a supply‑short market, with some production lines at its projects under construction ready for phased commissioning as planned.
The exchange rate adopted in this briefing is USD1 to RMB6.7367 and EUR1 to RMB7.5404 ( EUR1 to USD1.1193), sourced from the People's Bank of China on 8 October, 2026.
Unless otherwise specified, all prices mentioned in this issue include value-added tax.
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