Business
What The P In LFP Batteries Stands For, And What It Means For You
(NewsDirect) Fertilizer is currently the biggest application of phosphate globally. Phosp...
About this update from Arianne Phosphate Inc.
[{"type":"text","content":"What The P In LFP Batteries Stands For, And What It Means For You\n \n \n (NewsDirect)\n \n \n Fertilizer is\ncurrently the biggest application of phosphate globally.\n \n \n Phosphate\nis a macronutrient in more than 85%\n \n \n of all fertilizers and\ngiven that phosphate demand for fertilizer is projected to continue,\nthere are specialty applications of phosphate that may be worth\nlooking into for investors.\n \n \n Consumers of products like food preservatives,\ndetergents, animal feeds, and cosmetics are\n \n \n driving an\nincreased interest in phosphate.\n \n \n However, the real interest\ncould be in how phosphate can potentially revolutionize the world of\nelectric vehicles (EVs).\n \n \n For decades, companies — specifically North American\ncompanies — placed their bets on lithium-ion batteries, which rely\nheavily on lithium, cobalt, and nickel. However, carmakers and\nengineers\n \n \n are\nnow turning away from nickel and cobalt-based lithium-ion\nbatteries\n \n \n in favor of lithium iron phosphate batteries (LFPs).\nThe transition is largely occurring because cobalt and nickel are\n \n \n scarce,\nexpensive, and controversial raw elements to mine.\n \n \n \n \n According to a recent research report by\nWood Mackenzie Power & Renewables, lithium iron phosphate is on\ncourse 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. LFPs are safer, less expensive\nthan alternatives and last longer. LFPs can also be recycled and used\nin other energy storage systems after their lifecycle has ended within\nan EV.\n \n \n The P In LFP - Igneous v. Sedimentary Phosphate\n \n \n When looking at\nspecialty applications of phosphate for things like LFPs, the\nextraction of phosphate becomes slightly more complicated. Globally,\nthe phosphate supply\n \n \n is\ndominated by the Middle East and North Africa (MENA).\n \n \n China is\nalso a substantial exporter of phosphate fertilizers (MAP & DAP)\nand they abruptly withdrew from the market last year, now only\nproviding spot market sales. Lastly, Russia is a considerable producer\nof phosphate, and igneous at that, but the Russia-Ukraine war has made\nthe material unavailable to many Western jurisdictions.\n \n \n When it comes to\nphosphate deposits there are two different ...