China’s Industrial Association of Power Sources (CIAPS) recently issued a Notice on Referencing the Lithium Iron Phosphate Cost Index and Regulating Industry Development, an effort to halt a years-long price war in lithium-iron-phosphate (LFP) materials. By proposing a “cost red line,” the association hopes to curb destructive price-cutting and restore a basic sense of pricing discipline to a market that has become increasingly chaotic.