This is what I find in it, page 5'In the current inflationary...

This is what I find in it, page 5

'In the current inflationary market conditions, iron cells have a cost advantage over nickel / cobalt. According to UBS, LFP has a 19% cost advantage compared to the mainstream NCM 8 series. However, over time, technological advances will even out that advantage. While nickel cells will see iterative upgrades every 18–24 months, the LFP cathode crystal structure puts a cap on lithium-ion storage capacity – meaning iron cells will tread water over the next decade and are expected to be eventually phased out.'

iron cells expected to be phased out