LFP story covered in today's Stock head!There have been...

LFP story covered in today's Stock head!

There have been companies looking to go as far as producing LFP in Australia. Avenira (ASX:AEV), which owns the Wonarah phosphate and yellow phosphorous proposal near Tennant Creek in the NT, has proposed to produce cathode active material for LFP batteries at a plant in Darwin using technology developed by a Taiwanese company called Aleees.

“Our recent engagement with global car manufacturers has validated our selection of Aleees as our technology partner. It has also highlighted, very clearly, how important LFP is in the selection of batteries for the electric vehicle industry in the next few years,” AEV executive chairman Brett Clark said on announcing an extension to its time to make a stage US$2m payment to Aleees under its licence agreement in November.

“LFP chemistries are forecast to take an increasing share of the battery market for the electric car and light vehicle sector. Avenira aims to capture a meaningful share of the ex-China market for LFP.”