Lithium Iron Phosphate Price Trends and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Lithium Iron Phosphate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Lithium Iron Phosphate Price Trend for the First Half of 2023

Lithium iron phosphate is used as a cathode in lithium-ion batteries that are widely employed in electric vehicles, energy storage systems, power tools, and renewable energy sectors. They have high energy density, low self-discharge rates, and resistance to thermal runaway. The automotive industries, such as EVs, play a major role in dictating the price trend of Lithium iron phosphate.

The demand for Lithium iron phosphate saw a surge in the first two quarters of 2023 as its demand inclined with the rise in the production and overall market activities of the downstream industries. Many big players in the automotive sector have invested in this market to increase the production of Lithium iron phosphate to cater to its rising demand. It has become a popular choice over traditionally used metals such as nickel and cobalt as it offers a cheaper alternative, which further supported the rise in its price trend.

Analyst Insight

According to Procurement Resource, the price of Lithium Iron Phosphate is estimated to be driven by the high demand from the automotive, especially the EV sector.

Procurement Resource provides latest prices of Lithium Iron Phosphate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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Lithium iron phosphate is an inorganic grey-black coloured compound which is insoluble in is widely used to make lithium-ion batteries because of its good electrochemical performance and lower resistance.

Product Details

Report Features Details
Product Name Lithium Iron Phosphate
Industrial Uses Lithium-ion batteries, power tools, electric vehicles
Chemical Formula FeLi3O8P2
CAS Number 15365-14-7
Synonyms Lithium Iron Phosphate Nanopowder, Lithium Iron(II) Phosphate Micronpowder
Molecular Weight 266.7g/mol
Supplier Database BYD Company, A123 System, K2 energy, Lithium Werks, Britishvolt, Power Sonic Corporation, Contemporary Amperex Technology Co.Ltd.
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

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.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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