Evolving EV market shifts mineral demand

Less nickel, cobalt, and manganese in LFP cells offset by larger batteries in electric vehicles.

A global rise of lithium ferro-phosphate (LFP) batteries for electric vehicles has provided a lower-cost option that is helping to enable the adoption of EVs by the masses and is taking some of the demand pressure off lithium-ion battery metals such as cobalt, nickel, and manganese. Adding more afforda...