In response to institutional research recently, Xingfa Group said that the new energy materials sector achieved a sharp rise in volume and price in the first half of the year, with an overall revenue of about 3,030 billion yuan, making it the company's second-largest business segment, and is expected to develop into the company's largest business segment within the year. The monthly order volume for iron phosphate products in August was close to 18,000 tons, showing a sharp rise in overall prices; orders for lithium iron phosphate products have exceeded 50% of current production capacity.

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