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As North American Carmakers Turn Away From Chinese Supply Of Battery Materials, They Are Looking To Regional Suppliers Like Arianne Phosphate Inc (OTC: DRRSF)
(NewsDirect) By Faith Ashmore, Benzinga In 2021, there were a total of 16.5 million ...
About this update from Arianne Phosphate Inc.
[{"type":"text","content":"As North American Carmakers Turn Away From Chinese Supply Of Battery Materials, They Are Looking To Regional Suppliers Like Arianne Phosphate Inc (OTC: DRRSF)\n \n \n (NewsDirect)\n \n \n By Faith Ashmore, Benzinga\n \n \n In 2021, there were a\n \n \n total\nof 16.5 million\n \n \n Electric Vehicles (EVs) on the road globally\n \n \n .\n \n \n The global EV market is expected to expand to more than 350 million\nvehicles by 2030. Consumer demand, as well as governments looking to\ndecrease their carbon footprint, are responsible for the increase in\nglobal EV production.\n \n \n And when it comes to EV production, batteries are one of the\nmost expensive and important parts of manufacturing. According to a\nrecent research report by Wood Mackenzie Power & Renewables,\nlithium iron phosphate (LFP) is on course to be the\n \n \n leading\nbattery chemistry for EVs by 2028\n \n \n , replacing their cobalt and\nnickel-based lithium-ion predecessor.\n \n \n Part of the shift from nickel and cobalt to\nphosphate is due\n \n \n to\nincreasing nickel and cobalt prices\n \n \n . Nickel-based batteries\nalso have been shown to have shorter lifespans when compared to\nphosphate-based batteries. Because of this, c\n \n \n ompanies\nlike Tesla, Ford, Rivian and Volkswagen\n \n \n have decided to switch\nto LFP batteries for all of their standard-range vehicles in North\nAmerica.\n \n \n However, currently, the\n \n \n bulk\nof the supply for LFP batteries comes from China\n \n \n and as\nWestern carmakers look to decrease dependency on Chinese suppliers,\nthey are looking for reliable companies to fill the gap. The first\nlarge-scale factories for lithium iron phosphate in North America are\nnow being planned, and demand is expected to outstrip supply for the\nnext few years — but one company is ahead of the curve in already\nhaving the necessary permits and resources for mining years ahead of\nothers.\n \n \n Arianne Phosphate Might Be Years Ahead Of Competitors\nAnd Ready To Meet North American Phosphate Demand\n \n \n \n Arianne Phosphate\nInc.\n \n (OTC: DRRSF) could be a promising phosphate mining company\nthat has access to high-quality igneous deposits and can respond to\nthe growing global demand for phosphate.\n \n \n Arianne Phosphate says its Lac à Paul project\nin Quebec is a very rare project that is laying the gr...