Emerging Market Energy Storage Demand Database
Gain insights into energy storage market trends and seize strategic overseas expansion opportunities.
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| Author | Nathon Lee |
| Updated | July 04, 2025 |
Lithium price
Prices for battery-grade lithium carbonate rebounded in June, driven by improved demand expectations and inventory drawdown.
Spot prices for battery-grade lithium carbonate stood at RMB 61,000–62,000/MT as of June 30, 2025, averaging RMB 61,000/MT at the month’s end, up 1% MoM. CIF prices for Chinese lithium spodumene concentrate (SC6) sat at USD 625-635/MT, averaging USD 630/MT, down 7% MoM.
Lithium carbonate prices rebounded at the end of June. On June 30, the futures contract LC2507 closed at RMB 62,400/MT, up 4.4% MoM; LC2509 closed at RMB 62,700/MT, up 4.0% MoM.
Lithium carbonate prices initially dropped before rebounding throughout June. The stronger-than-expected recovery was mainly driven by improved demand sentiment and continued inventory drawdown. Specifically, non-China energy storage demand picked up, and the commercial vehicle sector remained resilient despite the off-season, both surpassing earlier pessimistic forecasts.
In addition, positive macroeconomic sentiment, along with rallies in the energy sector and stock markets, further boosted lithium carbonate prices.
Looking ahead to July, upstream integrated lithium salt plants are still running at high utilization rates, with no clear production cuts. As a result, supply pressure persists. Although order volumes are acceptable, they are not strong enough to change market fundamentals. The short-term price rebound is likely over, and prices are expected to continue fluctuating in July.
Energy-storage cell price
Price quotes for LFP cells held steady in June, with residential storage cell prices staying at high levels.
LFP cell prices in China rebounded this month. As of June 30, the after-tax price range for 280 Ah LFP cells ranged RMB 0.26-0.32/Wh, with the average rising 1.8% MoM to RMB 0.290/Wh. Prices for 314 Ah LFP cells came in at RMB 0.25-0.33/Wh, with the average price staying flat MoM at RMB 0.290/Wh. The after-tax price range for 100 Ah LFP cells was RMB 0.33-0.40/Wh, averaging RMB 0.365/Wh, up 2.1% MoM.
From June 11 to 13, the SNEC PV and ESS Expo 2025 was held at the National Exhibition and Convention Center in Shanghai, with notable growth in interest in the energy storage segment. Inquiries from Southeast Asia and South America increased significantly . Europe’s residential storage market has entered a restocking phase, driving up prices for 100 Ah and smaller cells. During the month, raw material prices for cells showed mixed trends. Cathode material prices edged up slightly MoM due to the rebound in lithium carbonate prices, while anode material prices dipped marginally. Overall, cell production costs remained flat MoM. In the short term, with limited cost fluctuations, demand side may support stable cell prices.
The energy storage market will remain robust in the short term. While U.S. tariff policies have tightened, early export surges and current exemptions have cushioned the impact on full-year installations. Project pipelines in Europe, Chile, the Middle East, and other regions continue to expand, with Southeast Asia, led by India, shows strong policy-driven potential. To stay competitive, enterprises must build core strength through enhancing product safety and system integration efficiency to capture market share. Amid expanding global demand and intensifying regional competition, enterprises must prioritize cost control and technological innovation to stand out in a highly competitive market.
