Lithium iron phosphate has been frequently "screened" recently, and many companies have indicated that they will expand production in this field. On the evening of December 13, Tianyuan Co., Ltd. announced that it plans to establish a new company to invest in the construction of a 100,000-ton/year lithium iron phosphate cathode material project, and the company's subsidiaries will support the construction of phosphoric acid and iron phosphate projects according to the actual situation (above-mentio