摘要 时间是盟友，更是壁垒。 2025 年的夏天，硅基负极进入了它的第二轮扩产周期。 反向赌注的开始 时间倒回至两年前，彼时硅基负极赛道热度初显。 基于多孔碳骨架和硅烷气、采用 CVD （化学气相沉积）法制备新型硅碳负极，能够实现高膨 胀率瓶颈的攻克，最终兼顾比能与循环性能——这一全新工艺路线的确定，让硅碳负极的产业 化前景豁然开朗。 在同样的积极气氛中，有一家硅基负极做出了一个让许多投资人费解的反向赌注。 彼时， 作为中科院物理所硅基负极唯一产业化平台的天目先导，已经基于长久以来纳米硅、 CVD 工艺上的先发认知与技术突破，完成了早期的产业探索。 第一轮是路线之争： 谁敢在多孔碳骨架上押注 CVD ，谁先把比容量做上去； 第二轮开始变成结构之争： 谁能在万吨级扩产、出海布局和头部客户绑定之间建立起真正的 护城河。 半年内，超过四百亿元的投资、四十万吨以上的规划产能涌入这一赛道，硅基负极从 "少数人 的选择题"变成"多数人的标配项"： 比容量普遍突破 2000mAh/g ，是传统石墨的五倍有余；百公斤级的流化床设备已进入产线 验证；部分企业甚至宣布自建、绑定上游硅烷气产能，以示其垂直整合的决心。 作为终端企业 ...

Group 1 - The global energy storage market is experiencing rapid growth, leading to strong demand for lithium iron phosphate (LFP) materials [2] - The company has achieved profitability in its lithium iron phosphate business and has become a strategic supplier for mainstream lithium iron phosphate battery manufacturers in China, with a focus on overseas end markets [2] - The company's Panzhihua production base for lithium iron phosphate has completed its first phase project, with an annual production capacity of 120,000 tons, which supports future order growth and market share expansion [2]

募资项目两次延期，明冠新材(688560.SH)手握巨款用于"理财"。 12月3日晚间，明冠新材公告显示，公司董事会同意将公司2022年向特定对象发行股票募集资金投资项目之"明冠 锂膜公司年产2亿平米铝塑膜建设项目"的预定可使用状态日期延期至2027年12月31日。 长江商报记者发现，明冠新材于2022年9月宣布上述定增募资项目，计划投入募集资金9.31亿元，目前投资进度为 0。而且，该项目于2024年6月已延期一次，也就是说三年来已两次延期。 在募资项目持续延期之下，12月3日晚间，明冠新材发布公告称，在保证不影响公司募集资金投资计划正常进行的 前提下，公司计划延续使用不超过9.3亿元的暂时闲置募集资金进行现金管理。 实际上，明冠新材并非首次将"明冠锂膜公司年产2亿平米铝塑膜建设项目"延期。 明冠新材介绍，暂时闲置募集资金仅投资于安全性高、流动性好的保本型现金管理产品。 铝塑膜产能可覆盖订单需求 12月3日晚间，明冠新材发布的公告显示，公司董事会审议通过了《关于定增募集资金投资项目之"明冠锂膜公司 年产2亿平米铝塑膜建设项目"延期的议案》，同意将公司2022年向特定对象发行股票募集资金投资项目之"明冠锂 膜 ...

Core Viewpoint - The lithium iron phosphate (LFP) market is experiencing a price rebound due to factors such as rising lithium carbonate prices and increased demand for energy storage and power batteries, with LFP prices rising approximately 20% since the beginning of the year [1][8]. Price Increase Initiatives - Several LFP companies have announced price increases, with Hunan Youneng raising processing fees by 3,000 yuan/ton starting January 1, 2026, citing supply-demand imbalance and rising raw material costs [2][9]. - Longpan Technology is negotiating price increases with downstream customers, confirming a clear upward trend in the industry [2][10]. - Wanrun New Energy and Defang Nano have also joined the price increase movement to improve operational quality and alleviate losses, respectively [2][9]. Market Dynamics - The LFP industry has historically faced challenges such as weak bargaining power and losses, making the current price increase a rational demand for basic interests [3][10]. - Supply-demand imbalance, rising raw material prices, and policy guidance are contributing to the expected price increases [4][11]. - The cost of LFP production is significantly affected by lithium carbonate prices, with each 10,000 yuan/ton increase in lithium carbonate raising LFP production costs by approximately 2,300-2,500 yuan/ton [4][11]. Supply and Demand Situation - The current market shows strong demand for energy storage, with first and second-tier energy storage cell manufacturers operating at full capacity [5][12]. - In October, new energy vehicle sales reached a record high, with a market penetration rate exceeding 50%, maintaining a healthy demand for lithium batteries [5][11]. - LFP batteries accounted for 81.5% of the power battery installation volume in the first three quarters of the year, a year-on-year increase of 62.7% [5][11]. Industry Collaboration and Future Outlook - A recent seminar on LFP material costs emphasized the need for rational pricing and collaboration across the industry to shift from scale competition to quality competition [6][13]. - Leading LFP companies are focusing on high-end product orders and long-term supply agreements to secure future cash flow and allow for price adjustments [6][13]. - The demand for LFP is expected to remain strong into 2026, necessitating cooperation among industry players to address overcapacity and pricing strategies [6][13].

消息面上，龙蟠科技此前公告，公司控股孙公司锂源亚太签订长期采购协议。预计将由锂源亚太自2026 年至2030年间合计向Sunwoda销售10.68万吨符合双方约定规格的磷酸铁锂正极材料，合同总销售金额为 45亿至55亿元。 智通财经APP获悉，龙蟠科技(02465)昨日收涨逾12%，今日回落逾8%。截至发稿，跌7.86%，报15.24港 元，成交额3.1亿港元。 ...

关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 本文来源：鑫椤锂电回收与利用 近日，乐山鑫能新材料科技有限责任公司正式对外发布了《 乐山鑫能新材料科技有限责任公司年产 40 万 吨正极材料项 目 》的环境影响评价第一次公示。 项目名称： 乐山鑫能新材料科技有限责任公司年产40万吨正极材料项目； 建设单位： 乐山鑫能新材料科技有限责任公司； 建设内容： 项目总占地约308亩， 建设规模为年产40万吨磷酸铁锂正极材料， 主要包含二座生产厂房和 配套的公用工程及办公楼、质检研发楼等辅助设施，其中新建厂房等建筑面积约138349．65平方米，购 置安装辊道窑、喷雾干燥、研磨机、气流磨、自动包装机等主要设备1500余台（套），新建生产线12 条。项目分二阶段实施，第一阶段建设20万吨/年车间A，配套建设20万吨公辅单元及办公楼、质检研发 楼；第二阶段建设20万吨/年车间B及配套公辅单元。 鑫椤会议： 会议主办：鑫椤资讯 会议时间：2026年3月19-20日 会议地点：江苏·常州 会议咨询： 13248122922(微信同） 鑫椤报告预售： 2025-2029年中国三元材料运行 ...

今年以来，龙蟠科技磷酸铁锂正极材料业务频揽大单。今年1月份，龙蟠科技对外宣布，锂源亚太与 BlueOval成功签订供应协议，约定由锂源亚太自2026年至2030年期间提供磷酸铁锂正极材料，具体单价 由双方根据本协议条款逐月确定；今年5月份，龙蟠科技旗下公司与楚能新能源股份有限公司旗下公司 签署了生产材料采购战略合作协议及补充协议，合同总销售金额超50亿元；6月初，锂源亚太与 EveEnergyMalaysiaSdn.Bhd.签署生产定价协议，合同总销售金额超50亿元。 9月16日，龙蟠科技对外宣布，锂源亚太与宁德时代新能源科技股份有限公司（以下简称"宁德时代"） 于9月15日签署了磷酸铁锂正极材料采购合作协议，双方约定将由锂源亚太及其子公司自2026年第二季 度至2031年间向宁德时代海外工厂合计供应15.75万吨磷酸铁锂正极材料。该合同总销售金额预计超过 60亿元。 江苏龙蟠科技集团股份有限公司（以下简称"龙蟠科技"）磷酸铁锂正极材料业务再获新订单。 12月3日，龙蟠科技发布公告称，公司控股孙公司LBMNewEnergy（AP）Pte.Ltd.（以下简称"锂源亚 太"）与SunwodaAutomotiveE ...

人民财讯12月3日电，明冠新材(688560)12月3日公告，鉴于行业和公司实际情况，为避免年产2亿平米 锂电池铝塑膜募投项目建成达产后出现短期内产能过剩以及闲置，公司拟适当调整募投项目投资节奏和 计划，将募投项目"明冠锂膜公司年产2亿平米铝塑膜建设项目"达到预定可使用状态的日期延期到2027 年12月31日。延期期间，公司根据市场订单情况分批次推进此项目产能建设。 ...

Core Viewpoint - The lithium iron phosphate (LFP) industry is attempting to recover from significant price declines and collective losses by implementing a price increase of 3000 yuan/ton for processing fees, while also securing long-term procurement agreements exceeding 3 million tons [2][4][10]. Group 1: Price Increase and Cost Analysis - The recent price adjustment of 3000 yuan/ton is aimed at restoring profitability to a sustainable level, moving from a state of significant losses to a position of barely sustainable operations [5][6]. - The current average price for LFP is approximately 39,950 yuan/ton for power-type and 36,950 yuan/ton for energy storage-type, reflecting a rebound of about 25% from the low point of 34,000 yuan/ton [4][5]. - The average cost for leading companies in the industry is estimated to be between 15,700 to 16,400 yuan/ton, indicating that the recent price adjustments are primarily focused on the processing fee segment to recover lost margins [5][6]. Group 2: Underlying Logic of Price Increase - The price increase is driven by multiple factors, including rising costs of lithium, structural mismatches in production capacity, and increased organization within the industry [6][7]. - Lithium prices have rebounded from a low of 60,000 yuan/ton to a range of 90,000 to 100,000 yuan/ton, significantly impacting the pricing formula for LFP [7]. - The tightening of phosphorus and iron supply due to environmental regulations is expected to limit new production capacity, further supporting price stability [7][8]. Group 3: Long-term Contracts and Market Dynamics - The LFP industry is witnessing a surge in long-term contracts, with companies like Longpan Technology securing nearly 200,000 tons of orders, indicating a strategic shift towards stable supply agreements [10][12][13]. - Long-term contracts are structured to prioritize quantity and cash flow rather than fixed pricing, allowing for dynamic adjustments based on market conditions [17][19]. - The competitive landscape is shifting, with leading companies focusing on high-density products and overseas production to maintain market share and profitability [24][26]. Group 4: Future Price Trends and Market Outlook - The potential for LFP prices to experience extreme fluctuations similar to lithium hexafluorophosphate is limited due to shorter production cycles and existing idle capacity [27][28]. - The industry is expected to stabilize around 45,000 to 50,000 yuan/ton by 2026, with leading companies achieving net profit margins of 5-10% through high-density products and overseas capacity [29][30]. - The recent price adjustments signal a transition from a cost-driven competition to one focused on technological specifications, capacity positioning, and resource control [30].

Core Viewpoint - The article highlights the strong performance of Longpan Technology in the lithium iron phosphate (LFP) market, driven by significant long-term supply agreements and increasing demand for high-quality LFP materials [3][4][5]. Group 1: Supply Agreements - Longpan Technology signed a long-term procurement agreement with Sunwoda for a total of 106,800 tons of LFP materials from 2026 to 2030, with an estimated sales value of approximately 4.5 to 5.5 billion [3]. - The total order volume received by Longpan Technology's overseas factory has reached 676,300 tons, averaging over 130,000 tons per year over a five-year delivery period [5]. - A revised agreement with LGES increased the sales volume from 160,000 tons to 260,000 tons of LFP materials from 2024 to 2028 [6]. Group 2: Production Capacity - Longpan Technology's Indonesian base is expected to reach a production capacity of 120,000 tons per year, becoming a key supply hub for Southeast Asia and global markets [5]. - The first phase of the Indonesian base, with a capacity of 30,000 tons, is ramping up production, receiving high recognition from overseas customers [5]. - Domestic factories are also experiencing a surge in production, with significant increases in sales data reported in November [5]. Group 3: Market Demand - The tightening export controls on high-end LFP materials in China have made Longpan Technology's products highly sought after, leading to numerous long-term agreements with downstream customers [4]. - The overall demand in the new energy industry chain is expected to remain high, supported by favorable policy environments and increasing market needs [5].