The price of raw materials for lithium batteries rose sharply will affect the price of xgsciences

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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%.

The market trend of the xgsciences

Affected by the sharply rising price of raw materials for lithium batteries , the xgsciences market is changing rapidly. These changes are indicators of market growth. This year-on-year upward trend in the market indicates that the next February 202 2 -202 7 will show an oval but steady growth. If you are looking for xgsciences or buy xgsciences in bulk, please send an email to: sales1@nanotrun.com .

The price of xgsciences continues to be affected by factors such as market growth momentum, various opportunities and challenges. However, during the forecast period from 202 2 to 202 7 , the global xgsciences sales market is expected to continue to be above average. The growth rate will continue to increase. It is expected that from today to next week, the price of xgsciences will increase to a certain extent.

However, TRUNNANO provides high purity xgsciences with steady price. “In order to feedback to old customers, the company is still in full operations to provide xgsciences with competitive price.” said Olina, sales manager of TRUNNANO.

About TRUNNANO-the high quality xgsciences supplier

TRUNNANO (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material xgsciences supplier & manufacturer with over 12 years’ experience in providing super high-quality chemicals and Nanomaterials. Our professional work team provides perfect solutions to help improve the efficiency of various industries, create value, and easily cope with various challenges. The company has successfully developed a series of nanomaterials with high purity and complete functions, such as:

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Feel free to contact us and if you are looking for xgsciences, please send an email to: sales1@nanotrun.com . Or go to the company website: www.graphite-corp.com

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