A recent report from S&P Global Commodity Insights argues that, thanks to leaping lithium prices, LFP may be losing its cost advantage.
, used in vehicles that require high energy density, while LFP and other cobalt-free chemistries such as LNMO will move into the mainstream.argues that, thanks to leaping lithium prices, LFP may be losing its cost advantage.prices for all the key battery materials
Furthermore, the lack of lithium is likely to last. Research from S&P indicates that, assuming all the lithium projects currently in the pipeline come online on schedule, there could still be a shortfall of some 220,000 metric tons — or about 12% of projected demand — by 2030. LFP now offers “a smaller discount than you would expect” versus NCM, “and once you throw in performance factors it is a more difficult decision that it would have been,” one cobalt hydroxide seller told S&P. “You might want to give away some performance for cost, but it isn’t much cheaper these days.”
Some are as bullish on LFP as ever. Tim Poor, the President of Advanced Cell Engineering, a Florida-based firm that’s working on LFP and LM:FP chemistries, points out that cost isn’t the only selling point. “Safety is a key contributor as well, as LFP batteries don’t carry the same risk of causing a fire as does NMC technology,” he told me. LFP may also be catching up in terms of energy density. “Today’s LFP has [specific energy] of about 160 Wh/kg compared to the 260 Wh/kg of NMC,” says Poor.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Costco Just Gave This New Warning to Shoppers — Best LifeAs inflation continues to rise, Costco has announced which prices the company will be raising, and which prices will stay the same.
Read more »
Bitcoin price stuck below $29K as Terra LUNA comes back from the deadTerra LUNA is back, but some altcoins face big problems while Bitcoin stays trapped under $29,000.
Read more »
FBI: Active shooter incidents rose to 61 in 2021, with 60 by menActive shooter incidents in the United States rose to 61 in 2021, showing an 'upward trend' over the past four years, according to the FBI.
Read more »
Harry Styles Pledges $1M to Gun Safety Group in Wake of Texas ShootingThe singer called for an end to gun violence after 19 children were gunned down at an elementary school in Uvalde, Texas.
Read more »
Memorial Day launches summer travel spike amid record gas pricesBesides rising gasoline prices, summer travelers will pay more for reduced goods and services at airlines and hotels that are still recovering from the low demand of the past two years of COVID-19 lockdowns.
Read more »