In September 2025, the prices of lithium battery materials, including cathode materials, lithium iron phosphate (LFP), lithium manganate (LMO), and lithium hydroxide, generally experienced slowing growth or declines. The main reason is that the drop in lithium carbonate prices removed cost support for these products.
Major market dynamics
On 16 September, 2025, Jiangsu Lopal Tech Group Co., Ltd. publicly announced that its indirectly-controlled subsidiary has signed a Lithium Iron Phosphate Cathode Material Procurement Cooperation Agreement with Contemporary Amperex Technology Co., Limited.
On 7 September, 2025, the European General Manager of Contemporary Amperex Technology Co., Ltd. (CATL) stated that their new factory located in Debrecen, Hungary, is expected to commence production in early 2026 to achieve growth in the region.
In September 2025, core member company of Shenzhen Capchem Technology Co., Ltd. , reached a critical milestone: its Factory No.1 has successfully achieved order fulfillment, becoming the first factory of a Chinese electrolyte manufacturer to accomplish this in Southeast Asia.
On 28 August, 2025, Shandong Hi-Tech Spring New Energy Technology Co., Ltd. released its H1 2025 results.
The USD/RMB exchange rate in this newsletter is USD1.00=RMB7.1072 on 1 Sept., 2025, sourced from the People's Bank of China.
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