Chinese iron ore futures finished lower and Qingdao spot prices eased slightly as trader activity stayed thin and steel mills remained wait-and-see. Weekly supply was broadly stable, with global shipments flat and port arrivals edging down, while the Port Hedland strike has not yet materially affected availability. Near-term prices are expected to consolidate on a subdued note.
Domestic iron ore concentrate prices fell this week as supply recovered and mills pressured for lower procurement costs. With more mines expected to resume output and blast-furnace hot metal demand likely to slip, prices may ease further next week.
In China, the monthly average Lithium Iron Phosphate price was ~RMB 33.12/kg in April and about RMB 35.47/kg in the subsequent month, showing an increase of around 7.1%. Prices gained support from steady EV and energy storage demand, while China’s integrated lithium chemical, cathode, and battery supply chain maintained strong production competition. In India, the monthly average Lithium Iron Phosphate price was about INR 464.68/kg in April and approx. INR 497.59/kg in the subsequent month. In the USA the rise in cost of inputs related to lithium carbonate supply affected prices, while increasing use of batteries in vehicles supported demand. Prices were supported by rising interest in affordable EVs and stationary storage, though limited domestic LFP production increased dependence on imported materials. In Germany, the monthly average Lithium Iron Phosphate price was approximately EUR 4.27/kg in April and around EUR 4.57/kg in the subsequent month. An increase in demand was witnessed in Europe because automakers were adopting LFP batteries in less expensive electric cars, though Asia played an important role in the supply chain.
Analyst Insight
According to Procurement Resource, near-term prices are expected to remain stable with upward support from battery demand, although excess manufacturing capacity may continue limiting significant increases.
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In the first quarter of 2026, the lithium iron phosphate price curve displayed a fluctuating trajectory in the Chinese region. Prices for lithium iron phosphate rose during the initial stage of the quarter on the back of high demand form the battery sector. The demand was driven by export policies that resulted in higher output of cathodes and energy storage systems, driving prices higher. However, prices started declining during the mid-stage of the quarter following reduced production and demand owing to the influence of Lunar New Year as well as weaker sales of electric vehicles.
The tight supply at the beginning of the quarter was caused by maintenance downtimes and regulations, thus, supporting prices. Following an improvement in domestic production and supply from South America and Australia, there was higher availability of lithium iron phosphate towards the latter part of the quarter.
Lithium iron phosphate is an inorganic grey-black coloured compound which is insoluble in water.it is widely used to make lithium-ion batteries because of its good electrochemical performance and lower resistance.
FeLi3O8P2
Lithium-ion batteries, power tools, electric vehicles
Lithium Iron Phosphate Nanopowder, Lithium Iron(II) Phosphate Micronpowder
BYD Company, A123 System, K2 energy, Lithium Werks, Britishvolt, Power Sonic Corporation, Contemporary Amperex Technology Co.Ltd.
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
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One of the methods to produce Lithium iron phosphate is via liquid phase synthesis process, which requires the addition of a solvent to the raw materials in an inert gas environment followed by sealed heating which finally gives the nanoparticles which are filtered, washed, dried and calcined under high temperatures to give Lithium iron phosphate.
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