130万吨，磷酸铁扩产潮起

Core Viewpoint - The article highlights the ongoing expansion of phosphate iron production capacity in response to the surging demand for lithium iron phosphate (LFP) batteries, driven by the growth in both the electric vehicle and energy storage markets [6][7]. Group 1: Industry Expansion - Four major projects in phosphate iron production are set to add a total of 1.3 million tons of supply to the market, signaling a new wave of expansion in the lithium iron phosphate industry [3][4]. - The projects include: - Andar Technology's 450,000 tons per year phosphate iron lithium precursor project in Guiyang, which will increase its total precursor capacity to over 600,000 tons [4]. - Hunan Youneng's additional 150,000 tons phosphate iron production line, raising its total capacity in Guizhou to 300,000 tons [5]. - Huayou Group's 600,000 tons phosphate iron project, aiming to become one of the largest phosphate iron production bases in China [5]. - Yingda Lithium's 100,000 tons per year lithium-ion battery positive material phosphate iron lithium precursor project [3]. Group 2: Market Demand - The demand for lithium iron phosphate materials is robust, with shipments reaching 1.61 million tons in the first half of 2025, a 68% year-on-year increase, accounting for 77% of total positive material shipments [6]. - In the power market, the installed capacity of lithium iron phosphate batteries reached 223.1 GWh in the first half of 2025, a 71% increase, with a market share of 77.4% [6]. - The energy storage market also saw significant growth, with domestic shipments of lithium batteries exceeding 120% year-on-year growth for two consecutive quarters, and lithium iron phosphate batteries capturing over 85% of the market share [6]. Group 3: Industry Concentration - The trend of market concentration among leading companies is becoming more pronounced, with many smaller firms being pushed out due to technological and cost disadvantages [7]. - Leading companies such as Hunan Youneng, Andar Technology, and Huayou Group are expanding their production capabilities, supported by stable orders and strong market positions [7][10]. - The industry is undergoing a structural adjustment phase, balancing capacity clearance and high-end product development [7]. Group 4: Price Trends and Global Competition - The price of lithium iron phosphate materials is expected to recover, with projections indicating a return to over 40,000 yuan per ton by the end of 2025 or early 2026 [8]. - International companies, including LG Energy Solution, Samsung SDI, and SK On, are intensifying their focus on lithium iron phosphate batteries, aiming to catch up with Chinese firms [9]. - LG Energy Solution has secured a $4.3 billion supply project, which represents 23.2% of its projected 2024 sales, marking a significant milestone for its lithium iron phosphate business [9].