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Agency: Material Costs Show Slight Rebound, Forecasting Cell Price Stabilization in Q1
2025-01-13
According to TrendForce's latest survey, after a prolonged period of decline, the prices of power and energy storage cells in China observed a notable narrowing in the fourth quarter of 2024. Looking ahead to 2025, amidst the anticipated growth in demand for the global electric vehicle and energy storage markets, suppliers aim to mitigate losses by increasing prices. This anticipated move is expected to bolster the prices of battery raw materials, including lithium iron phosphate, lithium copper foil, and electrolyte, in the first quarter of 2025, thereby stabilizing the average price of cells.
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