I actually think they will both grow in tandem.
As the LFMP gain traction, the overall market and use cases for both chemistries grows, and NCM will keep it's relevance.
LFMP will eat into LFP, and newer NCM types eat share of older or less effective NCM types.
I think both will keep their % of usage but in a rapid growing market. So i don't see Hydroxide shrinking for the near future.
But i do think the western world should wake up and see the relevance of LFP/LFMP in the future.
Lithium Metal batteries is the Joker in the deck.
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