Theres not enough Nickel / Cobalt supply to meet demand, LFP helps alleviate that pressure. But LFP doesn't fit the esg narrative and even though it's perceived as the "cheaper" option in reality it isn't.
When lithium rose in price last year nickel actually became the cheaper option per KwH and that's before you factor in recycling.
LFP can't even be recycled so until this becomes possible it's unlikely LFP will meet the esg requirements to properly flood the eu / usa markets.
Nickel chemistries are also getting close to the energy density required for flight travel(400 wh/kg) as well which opens up a whole new market.
Theres not enough Nickel / Cobalt supply to meet demand, LFP...
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Last
2.0¢ |
Change
-0.001(4.76%) |
Mkt cap ! $30.51M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.3¢ | 2.0¢ | $25.12K | 1.182M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 569999 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 1179218 | 3 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| CYM (ASX) Chart |