Taiwan's lithium battery makers are expected to raise prices soon because of increased demand.

A rise in price has been expected for some time. At the end of 2009, Japan-based battery companies including Nippon Chemi-con and Panasonic contacted customers regarding price hikes and Taiwanese distributors have since made necessary price adjustments of their own.

However as demand for lithium battery continues to outpace supply it looks like the big Taiwan-based out fits are boosting their prices. Gold Peak Industries are expected to bill their customers in the second quarter and we are likely to see further price increases across the board, Digitimes reports.