Zoe Peizi Zhu

Battery Recycling Analyst

Zoe is a Battery Recycling Analyst at Benchmark Mineral Intelligence, focusing on battery recycling forecasting and database work, with particular expertise in the China market. She also follows related policy developments and broader market trends in the sector. She holds a Master's in Climate, Innovation and Sustainability Policy from UCL, alongside a Bachelor's in Business and Marketing.

Article | Aug 04, 2026 | 3 min read

Rising LFP feedstock prices could bolster recycling economics

In July, Hunan Yuneng announced a price increase across its LFP CAM range, citing "global geopolitical fluctuations and supply chain disruptions" affecting sulphur, phosphoric acid, and iron sulphate. Hunan Yuneng will raise prices for all lithium iron phosphate products by a flat rate of RMB2,000/t (USD296/t) from 1 August, citing higher upstream raw material costs and strong demand exceeding available capacity. This could represent a boon for the LFP recycling market. Traditionally, this market has prioritised lithium carbonate among the recoverable materials due to its higher value, while recovery of iron phosphate has received less attention. However, the current price surge highlights the importance of all recoverable materials contained within LFP scrap.

Recycling LFP