SMM Analysis: Will Huayou Cobalt Withdraw from the LFP...

SMM Analysis: Will Huayou Cobalt Withdraw from the LFP Market?

https://news.metal.com/newscontent/101864539/smm-analysis-will-huayou-cobalt-withdraw-from-the-lfp-market-

"the company intends to further concentrate its advantageous resources, focus on the new energy lithium battery ternary material industry chain, accelerate the layout of upstream nickel, cobalt and lithium resources and the development of downstream products, and terminate the layout of LFP materials, this is only for Huayou Cobalt Industry, and does not mean that Huayou Holdings has given up the LFP business."

"Since last year, the growth rate of LFP battery shipments has far exceeded that of ternary lithium batteries, which have dominated the market for many years. LFP is gaining popularity with its cost advantages, long life and safety."

China's largest cobalt producer entered the LFP space with an acquisition in late 2021.