Minmetals New Energy: The utilization rate of lithium iron phosphate materials and ternary materials is about 80% and 30% respectively.

On December 25th, Jinshi data reported that Minmetals Xinneng recently stated during a reception for institutions that as of the end of the third quarter of this year, the company's main focus is on nickel and high-voltage nickel products, with ternary materials and lithium iron phosphate materials accounting for about 80% and 10% of operating income, respectively. Currently, the utilization rate of ternary materials is approximately around 30%, while the utilization rate of lithium iron phosphate materials is about 80%. With the introduction of new products and the increase in customer demand, it is expected that the utilization rate of positive electrode materials will further improve.