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Lithium phosphate prices have retreated from last year’s highs as EV battery demand has cooled and inventories across major markets remain comfortable. Battery manufacturers have been optimizing production schedules, and several have slowed procurement to clear existing stocks. This has added extra pressure on upstream lithium salts, including lithium phosphate used in LFP (lithium iron phosphate) battery chemistries.

China continues to heavily influence global prices because of its dominant refining capacity. Recent government policies supporting EV adoption have prevented a deeper price crash, but the sharp boom-cycle seen in 2021-2023 has clearly stabilized into a more rational market. Meanwhile, producers in Australia and South America are adjusting extraction and refining throughput to prevent oversupply.

For exact numbers and monthly charts, check the trend report here: https://www.procurementresource.com/resource-center/lithium-phosphate-price-trends

In the near term, lithium phosphate prices are expected to remain soft but stable. Any meaningful rebound will depend on stronger EV demand, new storage projects, or policy-driven incentives that tighten the market again.