LFP Battery News — Is The End Of Nickel In Sight?
LFP batteries don’t have quite the energy density of batteries that use cobalt and nickel, but they do have one distinct advantage — the raw materials needed to manufacture them are abundant, inexpensive, and available in almost every country in the world. As a result, they tend to be less expensive as well. Today, nickel prices have spiked to insane new heights, further highlighting the cost differential between LFP and conventional batteries.
Nothing could be clearer from the war crimes perpetrated by Russia in Ukraine than a shift away from resources controlled by lunatics and tyrants is essential to national security for the US, Europe, and most of the rest of the world. No one can afford to depend on labor or resources that may become unavailable due to armed conflicts or political constraints.
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