Iron phosphate is the precursor of lithium iron phosphate and can only be used as LFP cathode. This unidirectionality determines that the demand for iron phosphate is directly affected by iron lithium. To be precise, the impact of LFP market demand in addition to self-supply part.
Correspondingly, LFP companies are also actively promoting the integration process in terms of strategies to reduce costs,and rationally utilize local resources. The advantage of integration is that the same production base can reduce logistics and transportation costs, FP/LFP efficient supporting upgrade iterations are guaranteed, and communication costs for both parties are reduced. However, FP companies are also constantly improving their competitiveness. Although integrated companies do not have to worry about sales channels, but they may be limited due to conservative technology.
