According to the CITIC Securities Research Report, the profits of the lithium iron industry are expected to usher in a cyclical inflection point. On the demand side, the further increase in the penetration rate of lithium iron in the power sector and the rapid increase in demand due to the boom in energy storage, we estimate that global shipments of lithium iron phosphate cathode materials are expected to reach 5.25 million tons in 2026, +36% over the same period; on the supply side, we expect limited growth in 2026, and the overall operating rate is expected to increase further, and high-end products are still scarce. Currently, the profitability of lithium iron is at the bottom of the cycle. As the supply and demand structure improves, it is expected that there will be room for repair. Further clarification of high-end products and overseas trends is expected to bring excess profits to leading companies. The focus is on recommending leading companies in the lithium iron industry.

According to the CITIC Securities Research Report, the profits of the lithium iron industry are expected to usher in a cyclical inflection point. On the demand side, the further increase in the penetration rate of lithium iron in the power sector and the rapid increase in demand due to the boom in energy storage, we estimate that global shipments of lithium iron phosphate cathode materials are expected to reach 5.25 million tons in 2026, +36% over the same period; on the supply side, we expect limited growth in 2026, and the overall operating rate is expected to increase further, and high-end products are still scarce. Currently, the profitability of lithium iron is at the bottom of the cycle. As the supply and demand structure improves, it is expected that there will be room for repair. Further clarification of high-end products and overseas trends is expected to bring excess profits to leading companies. The focus is on recommending leading companies in the lithium iron industry.