In April 2025, the price of LiPF6 declined again. The retreat in raw material lithium carbonate price eroded cost support, coupled with a slowdown in YoY growth of electrolyte demand. LiPF6 price is projected to remain weak and stable in the near term.
Major market dynamics
- On 25 April, 2025, Beijing Bayi Space LCD Technology Co., Ltd. announced the termination of the construction of its "3,000 t/a lithium hexafluorophosphate (LiPF6) production project."
- On 22 April, 2025, Sunwoda Electronic Co., Ltd. released its 2024 annual report.
- On 21 April, Contemporary Amperex Technology Co., Ltd. unveiled its second-generation Shenxing Super Fast Charging Battery, a LFP product.
- On 10 April, 2025, the People's Government of Hengdong County, Hunan Province, publicly announced the environmental impact assessment report for the construction project of Hunan Chuangda Vanadium and Tungsten Co., Ltd.'s annual production of 23,000 t/a of battery-grade lithium carbonate.
- On 4 April, 2025, Yunnan Energy New Material Co., Ltd. announced that its subsidiary SEMCORP Manufacturing USA LLC has signed a "Supply Agreement" with a well-known American automotive company.
The USD/RMB exchange rate in this newsletter is USD1.00=RMB7.1775 on 1 April, 2025, sourced from the People's Bank of China.
All the prices mentioned in this newsletter will include the VAT, unless otherwise specified.
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