This is an extract from CRU's recent Battery Value Chain Service report. It highlights how, through increased energy density, LMFP can offer a cost advantage over LFP batteries.
LMFP cathodes are a considerable threat to cobalt and nickel demand in batteries and they are set to take further market share away from NMC.
Furthermore, there is a range of leading cell and cathode manufacturers currently working on developing this material.
Once the technical challenges around cycle life are ‘ironed out’, we expect LMFP and its variants to be widely adopted in the battery industry.
The new CRU Battery Value Chain Service covers the full entire supply chain, combining Exawatt’s technology understanding with CRU’s understanding of markets and commodities. The report features insights ranging from raw materials to electrode active materials, cell components, battery end-use demand and recycling.
