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NCM or LFP: Which will be the dominant chemistry?

Posted on - 05 Nov 2021

Category - Features

This is a question that we hear a lot, particularly from nickel developers! A recent report by Fitch Solutions suggests that NCM is likely to remain the dominant global chemistry for lithium-ion batteries over the period 2021-30. It’s been an amazing 12 months for the LFP chemistry. Largely written off at the start of 2020, it has stormed back into the industry, driven by anode improvements, architectural advances (blade battery, anyone?) and rising raw materials prices. Do we agree with Fitch? The question really is how one defines dominant? Does dominant mean the chemistry that is used in the most...

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Topics

Batteries BYD Cobalt Cost EVs LFP Lithium Manganese NCM Nickel Ternary Tesla