What is LFP?

Emergence of LFP Batteries

LFP is rapidly growing as the battery chemistry of choice for electric vehicles and stationary storage over traditional lithium ion batteries

Lower Cost: cost to produce is lower than traditional lithium ion batteries, making it a cost-effective alternative
Safety: LFP’s composition provides a low-toxic and thermally stable alternative
Performance: long-term performance stability, higher discharge rate
Faster Charge: cycle life for LFP batteries is significantly higher than other lithium ion batteries
Light Weight: superior power-to-weight ratio, smaller battery packs
Ethically Sourced: does not contain conflict metals, such as Cobalt
Recyclable: Nickel and Cobalt-free, easier to recycle
Less Maintenance: no memory effect from incomplete discharge before re-charging

Market Shift in Preferred Chemistries

Battery manufacturers are growing to recognise the substantial benefits offered within the LFP structure. The superior cost-structure, safety characteristics and improved driving range are all key factors propelling the markets increased adoption of LFP.

Price Ranges: Cathodes Mid-Dec 2022 to Mid-Jan 2023

What is LFP Cathode Active Material?

Cathode Active Materials (CAM) are highly purity chemicals that distinguish the application and output of different types Lithium-ion batteries

Battery cell manufacturers are currently facing unprecedented demand for Lithium-ion batteries, with demand expected to grow exponentially over the next decade

Cathode Active Materials within electric batteries determine the cost, durability, safety, efficiency and overall performance of Lithium-ion batteries

Over the next decade two types of CAM’s are expected to dominate the electric vehicle and renewable energy storage markets:
In August 2022, UBS raised its outlook for LFP share of the global battery cathode market to 40% by 2030

Investment into LFP Cathode

Surging demand for cathodes continues to spur investment into new production capacity, with 74% of all plants under construction targeting the production of LFP cathode, reflecting the direction of the market

What is LFP?

Emergence of LFP Batteries

Market Shift in Preferred Chemistries

Price Ranges: Cathodes Mid-Dec 2022 to Mid-Jan 2023

What is LFP Cathode Active Material?

Investment into LFP Cathode

Historical and Forecast Cathode Production

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