Dan’s Biz Bookshelf: Four Important Books You Need to Read (Not Just Say You Have)
The Marketing Minute: Cracking the Code of Technical Marketing
Lithium Prices Rebound, China’s Battery Industry Chain Expected to Recover in May, Says TrendForce
May 10, 2023 | TrendForceEstimated reading time: 1 minute
The ASP of battery-grade lithium carbonate and lithium hydroxide in China saw an MoM decline in the month of April, falling to CNY 198,000/ton (-39%) and CNY 266,000/ton (-33%), respectively, according to TrendForce research. Although the MoM decline in prices has expanded, lithium salt prices began to show signs of stabilization and rebounded in late April. Additionally, prices of lithium hexafluorophosphate (LiPF6)—a key raw material used in electrolytes— have recently started to rise again, prices of anode materials, iron phosphate, and lithium battery copper foil have almost bottomed out, and China’s EV battery industry chain is gradually stabilizing.
Lithium salt prices experienced a five-month decline before stabilizing and rebounding in April. This allowed the prices of various li-ion battery products to return to levels observed prior to the surge in demand at the end of 2021. Specifically, in April, the ASP of EV square ternary cells, LFP cells, and pouch ternary power cells were CNY 0.83/Wh, CNY 0.74/Wh, and CNY 0.87/Wh, respectively. Taking a look at battery cells used in energy storage equipment, lithium iron phosphate (LFP) storage cells declined 10.5% MoM in April to around CNY 0.74/Wh. However, the price of LFP materials has recently begun to rise, and businesses are receiving more orders. As for battery cells used in consumer electronics, the ASP of cobalt lithium (LCO) cells in April was CNY 8.54/Ah (USD 1.24)—a 9% MoM decline—and the market has been showing signs of recovery.
TrendForce observes that Chinese EV battery manufacturers are nearing the end of their inventory reduction efforts, and the relationship between supply and demand has gradually normalized after more than a quarter period of market adjustments. Furthermore, current battery material prices are stabilizing and market demand is steadily increasing, indicating that China’s battery industry chain is gradually recovering. Total recovery is expected in June as downstream demand continues to pick up.
Share on:
Testimonial
"In a year when every marketing dollar mattered, I chose to keep I-Connect007 in our 2025 plan. Their commitment to high-quality, insightful content aligns with Koh Young’s values and helps readers navigate a changing industry. "
Brent Fischthal - Koh YoungSuggested Items
Electrodeposited Copper Foils Market to Grow by $11.7 Billion Over 2025-2032
09/18/2025 | Globe NewswireThe global electrodeposited copper foils market is poised for dynamic growth, driven by the rising adoption in advanced electronics and renewable energy storage solutions.
MacDermid Alpha Showcases Advanced Interconnect Solutions at PCIM Asia 2025
09/18/2025 | MacDermid Alpha Electronics SolutionsMacDermid Alpha Electronic Solutions, a global leader in materials for power electronics and semiconductor assembly, will showcase its latest interconnect innovations in electronic interconnect materials at PCIM Asia 2025, held from September 24 to 26 at the Shanghai New International Expo Centre, Booth N5-E30
Trouble in Your Tank: Implementing Direct Metallization in Advanced Substrate Packaging
09/15/2025 | Michael Carano -- Column: Trouble in Your TankDirect metallization systems based on conductive graphite are gaining popularity throughout the world. The environmental and productivity gains achievable with this process are outstanding. Direct metallization reduces the costs of compliance, waste treatment, and legal issues related to chemical exposure. A graphite-based direct plate system has been devised to address these needs.
Closing the Loop on PCB Etching Waste
09/09/2025 | Shawn Stone, IECAs the PCB industry continues its push toward greener, more cost-efficient operations, Sigma Engineering’s Mecer System offers a comprehensive solution to two of the industry’s most persistent pain points: etchant consumption and rinse water waste. Designed as a modular, fully automated platform, the Mecer System regenerates spent copper etchants—both alkaline and acidic—and simultaneously recycles rinse water, transforming a traditionally linear chemical process into a closed-loop system.
Driving Innovation: Depth Routing Processes—Achieving Unparalleled Precision in Complex PCBs
09/08/2025 | Kurt Palmer -- Column: Driving InnovationIn PCB manufacturing, the demand for increasingly complex and miniaturized designs continually pushes the boundaries of traditional fabrication methods, including depth routing. Success in these applications demands not only on robust machinery but also sophisticated control functions. PCB manufacturers rely on advanced machine features and process methodologies to meet their precise depth routing goals. Here, I’ll explore some crucial functions that empower manufacturers to master complex depth routing challenges.