An adjustment notice from Anda Technology has triggered a ripple effect across the industry, with processing fees for its full range of LFP products uniformly increasing by 3,000 yuan per ton starting January 1, 2026, following a similar price hike initiated by another leading company in November.
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The global lithium battery industry is undergoing a profound transformation, moving beyond singular competition on technology or cost to a comprehensive contest of integrated industrial chains, global layout, and sustainable development capabilities.
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In a remarkable industrial transformation, China’s lithium battery sector has evolved from a fledgling player to a global leader in just 15 years.
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The global battery industry has gathered at the Yibin International Convention and Exhibition Center in Sichuan for an industry summit themed "New Vision, New Ecology, New Opportunities."
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After more than two years in a downturn, the lithium hexafluorophosphate market is experiencing a strong recovery, with prices skyrocketing nearly 70% in just one month and breaking through the 100,000 RMB barrier. According to Wind data, on October 31, the price of lithium hexafluorophosphate was reported at 107,500 RMB per ton, a sharp increase of 76.23% from 61,000 RMB per ton on September 30. Compared to the low of 49,300 RMB per ton in July, the increase has more than doubled. This round of price increases began in early October. During just three trading days, the average market price rose by over 20%, with some spot transaction prices reaching as high as 75,000 RMB per ton. By the end of October, the price of lithium hexafluorophosphate had stayed above the 100,000 RMB per ton mark for four consecutive days.
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The positive outcomes of the China-U.S. economic and trade consultations have temporarily eased trade tensions in key areas such as lithium batteries. On October 30, China’s Ministry of Commerce stated that in view of the U.S. decision to suspend the “50% rule” on export controls announced on September 29 for one year, China has decided to suspend the export control measures on lithium batteries and related materials announced on October 9 for one year and will study and refine specific plans. This decision came after the economic and trade consultations between China and the United States held on October 25-26. It has eliminated uncertainties for the global lithium battery industry chain.
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