In January 2026, prices for multiple cathode material rose significantly, with several products increasing over 50% YoY, driven by higher lithium carbonate costs and sustained demand from late 2025. The upward trend is expected to moderate somewhat in the short term.Anode material prices stabilized and recovered gradually. Contrary to typical seasonal trends, prices continued to rise steadily in January 2026, supported by raw material costs and sustained downstream demand.
Major market dynamics
- On 27 January, 2026, BYD Co., Ltd. signed an agreement with local Vietnamese automaker Kim Long Motor to establish a commercial EV battery plant in central Vietnam.
- On 21 January, 2026, Beijing Easpring Material Technology Co., Ltd. announced that its Finnish subsidiary, Easpring Finland New Materials Ltd., has secured a government grant.
- On 16 January, 2026, the Ministry of Industry and Information Technology (MIIT), together with five other departments, issued the Interim Measures for the Recycling and Comprehensive Utilization of Waste Power Batteries from New Energy Vehicles (the Measures), effective from 1 April, 2026.
- On 6 January 2025, the Ministry of Finance and the State Taxation Administration issued an announcement adjusting the export tax rebate policy for LiPF6 related products.
The USD/RMB exchange rate in this newsletter is USD1.00=RMB7.0230 (sourced from the People's Bank of China on 5 Jan., 2025). All the prices mentioned in this newsletter will include the VAT, unless otherwise specified.
If you would like to cover any specific topics or investigate any covered subjects in more details, please contact us on +86-20-37616606, or econtact@cnchemicals.com
Please purchase to view
Add to cart
