[{"data":1,"prerenderedAt":707},["ShallowReactive",2],{"ticker-data":3,"story-article/is-it-too-late-for-an-ex-china-lfp-revolution":540},[4,52,82,112,148,186,228,259,296,328,371,412,450,481,510],{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":8,"today":9,"last":10,"percentageChange":11,"yearToDate":12,"yearOnYear":13,"oneYearIndexTrend":14,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"2026-05-27","2wk","Updated every 2 weeks","Lithium",411.01,408.51,0.61,75.85,175.57,[15,16,18,21,24,27,30,33,36,39,42,45],{"date":5,"value":9},{"date":17,"value":10},"2026-05-13",{"date":19,"value":20},"2026-04-29",372.51,{"date":22,"value":23},"2026-04-15",354.35,{"date":25,"value":26},"2026-04-01",346.55,{"date":28,"value":29},"2026-03-18",351.32,{"date":31,"value":32},"2026-03-04",346.6,{"date":34,"value":35},"2026-02-18",324,{"date":37,"value":38},"2026-02-04",337.67,{"date":40,"value":41},"2026-01-21",298.32,{"date":43,"value":44},"2026-01-07",233.73,{"date":46,"value":47},"2025-12-24",203.79,"/lithium/prices",null,false,true,{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":53,"today":54,"last":55,"percentageChange":56,"yearToDate":57,"yearOnYear":58,"oneYearIndexTrend":59,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"Lithium Carbonate",449.85,451.12,-0.28,77.12,181.56,[60,61,62,64,66,68,70,72,74,76,78,80],{"date":5,"value":54},{"date":17,"value":55},{"date":19,"value":63},404.38,{"date":22,"value":65},381.25,{"date":25,"value":67},371.52,{"date":28,"value":69},373.01,{"date":31,"value":71},366.63,{"date":34,"value":73},349.17,{"date":37,"value":75},356.81,{"date":40,"value":77},316.73,{"date":43,"value":79},253.98,{"date":46,"value":81},220.12,{"publishedDate":5,"updateFrequency":6,"updateFrequencyText":7,"label":83,"today":84,"last":85,"percentageChange":86,"yearToDate":87,"yearOnYear":88,"oneYearIndexTrend":89,"url":48,"subscription":49,"isProtected":50,"hasAccess":51},"Lithium Hydroxide",358.35,350.28,2.3,76.32,168.94,[90,91,92,94,96,98,100,102,104,106,108,110],{"date":5,"value":84},{"date":17,"value":85},{"date":19,"value":93},328.09,{"date":22,"value":95},316.95,{"date":25,"value":97},311.86,{"date":28,"value":99},321.41,{"date":31,"value":101},319.14,{"date":34,"value":103},295.42,{"date":37,"value":105},310,{"date":40,"value":107},270.4,{"date":43,"value":109},203.24,{"date":46,"value":111},177.17,{"publishedDate":19,"updateFrequency":113,"updateFrequencyText":114,"label":115,"today":116,"last":117,"percentageChange":118,"yearToDate":119,"yearOnYear":120,"oneYearIndexTrend":121,"url":147,"subscription":49,"isProtected":50,"hasAccess":51},"1wk","Updated every week","Cobalt",244.61,252.61,-3.17,3.99,97.72,[122,123,124,127,129,132,133,136,138,141,143,146],{"date":19,"value":116},{"date":25,"value":117},{"date":125,"value":126},"2026-03-25",252.45,{"date":28,"value":128},252.84,{"date":130,"value":131},"2026-03-11",253.48,{"date":31,"value":126},{"date":134,"value":135},"2026-02-25",256.64,{"date":34,"value":137},255.58,{"date":139,"value":140},"2026-02-11",253.31,{"date":37,"value":142},252.26,{"date":144,"value":145},"2026-01-28",241.15,{"date":40,"value":145},"/cobalt/prices",{"publishedDate":149,"updateFrequency":6,"updateFrequencyText":7,"label":150,"today":151,"last":152,"percentageChange":153,"yearToDate":154,"yearOnYear":155,"oneYearIndexTrend":156,"url":185,"subscription":49,"isProtected":50,"hasAccess":51},"2026-05-20","Nickel",135.83,133.05,2.09,12.5,30.68,[157,158,160,163,166,168,170,172,174,176,179,182],{"date":149,"value":151},{"date":159,"value":152},"2026-05-06",{"date":161,"value":162},"2026-04-22",125.43,{"date":164,"value":165},"2026-04-08",124.51,{"date":125,"value":167},123.94,{"date":130,"value":169},123.51,{"date":134,"value":171},122.7,{"date":139,"value":173},123.79,{"date":144,"value":175},128.07,{"date":177,"value":178},"2026-01-14",120.74,{"date":180,"value":181},"2025-12-31",104.29,{"date":183,"value":184},"2025-12-17",103.44,"/nickel/prices",{"publishedDate":187,"updateFrequency":188,"updateFrequencyText":188,"label":189,"today":190,"last":191,"percentageChange":192,"yearToDate":193,"yearOnYear":194,"oneYearIndexTrend":195,"url":227,"subscription":49,"isProtected":50,"hasAccess":51},"2026-04-30","monthly","Natural Graphite",82.93,82.39,0.66,1.66,-0.87,[196,197,199,202,205,207,210,212,215,218,221,224],{"date":187,"value":190},{"date":198,"value":191},"2026-03-31",{"date":200,"value":201},"2026-02-27",81.92,{"date":203,"value":204},"2026-01-30",81.69,{"date":180,"value":206},81.58,{"date":208,"value":209},"2025-11-28",81.35,{"date":211,"value":209},"2025-10-31",{"date":213,"value":214},"2025-09-30",81.74,{"date":216,"value":217},"2025-08-29",81.56,{"date":219,"value":220},"2025-07-31",82.47,{"date":222,"value":223},"2025-06-30",83.13,{"date":225,"value":226},"2025-05-30",83.77,"/natural-graphite/prices",{"publishedDate":187,"updateFrequency":188,"updateFrequencyText":188,"label":229,"today":230,"last":231,"percentageChange":232,"yearToDate":233,"yearOnYear":234,"oneYearIndexTrend":235,"url":258,"subscription":49,"isProtected":50,"hasAccess":51},"Anode Coke",84.01,79.79,5.29,12.86,12.75,[236,237,238,240,242,244,246,248,250,252,254,256],{"date":187,"value":230},{"date":198,"value":231},{"date":200,"value":239},75.72,{"date":203,"value":241},74.61,{"date":180,"value":243},74.44,{"date":208,"value":245},76,{"date":211,"value":247},72.75,{"date":213,"value":249},71.92,{"date":216,"value":251},71.46,{"date":219,"value":253},70.35,{"date":222,"value":255},67.35,{"date":225,"value":257},65.78,"/synthetic-graphite/prices",{"publishedDate":260,"updateFrequency":188,"updateFrequencyText":188,"label":261,"today":262,"last":263,"percentageChange":264,"yearToDate":265,"yearOnYear":265,"oneYearIndexTrend":266,"url":295,"subscription":49,"isProtected":50,"hasAccess":51},"2025-11-17","Anode",77.79,77.96,-0.22,-1.93,[267,268,270,272,274,277,280,282,284,287,290,292],{"date":260,"value":262},{"date":269,"value":263},"2025-10-15",{"date":271,"value":263},"2025-09-15",{"date":273,"value":263},"2025-08-15",{"date":275,"value":276},"2025-07-15",77.93,{"date":278,"value":279},"2025-06-16",78.88,{"date":281,"value":279},"2025-05-15",{"date":283,"value":279},"2025-04-15",{"date":285,"value":286},"2025-03-17",79.89,{"date":288,"value":289},"2025-02-17",78.97,{"date":291,"value":289},"2025-01-15",{"date":293,"value":294},"2024-12-16",79.32,"/anode/prices",{"publishedDate":297,"updateFrequency":188,"updateFrequencyText":188,"label":298,"today":299,"last":300,"percentageChange":301,"yearToDate":301,"yearOnYear":302,"oneYearIndexTrend":303,"url":327,"subscription":49,"isProtected":50,"hasAccess":51},"2026-01-15","Cathode",72.79,64.08,13.59,43.38,[304,305,307,309,311,313,315,317,318,320,322,325],{"date":297,"value":299},{"date":306,"value":300},"2025-12-15",{"date":260,"value":308},62.01,{"date":269,"value":310},53.51,{"date":271,"value":312},49.5,{"date":273,"value":314},47.28,{"date":275,"value":316},46.05,{"date":278,"value":316},{"date":281,"value":319},48.08,{"date":283,"value":321},48.92,{"date":323,"value":324},"2025-03-18",52.79,{"date":288,"value":326},50.86,"/cathode/prices",{"publishedDate":329,"updateFrequency":188,"updateFrequencyText":188,"label":330,"today":331,"last":332,"percentageChange":333,"yearToDate":334,"yearOnYear":335,"oneYearIndexTrend":336,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"2025-03-31","Lithium ion Batteries",74.53,71.3,4.53,-1.6,-20.88,[337,338,340,343,346,349,352,355,358,361,364,367],{"date":329,"value":331},{"date":339,"value":332},"2025-02-28",{"date":341,"value":342},"2025-01-31",71.45,{"date":344,"value":345},"2024-12-31",75.74,{"date":347,"value":348},"2024-11-29",76.98,{"date":350,"value":351},"2024-10-31",77.34,{"date":353,"value":354},"2024-09-30",77.43,{"date":356,"value":357},"2024-08-30",80.56,{"date":359,"value":360},"2024-07-31",82.99,{"date":362,"value":363},"2024-06-28",87.2,{"date":365,"value":366},"2024-05-31",90.7,{"date":368,"value":369},"2024-04-30",93.2,"/battery-gigafactory/prices",{"publishedDate":372,"updateFrequency":6,"updateFrequencyText":7,"label":373,"today":374,"last":375,"percentageChange":376,"yearToDate":377,"yearOnYear":378,"oneYearIndexTrend":379,"url":411,"subscription":49,"isProtected":50,"hasAccess":51},"2026-05-21","Black Mass",54.15,51.47,5.21,25.5,92.33,[380,381,383,386,389,392,395,398,401,404,406,408],{"date":372,"value":374},{"date":382,"value":375},"2026-05-07",{"date":384,"value":385},"2026-04-23",48.63,{"date":387,"value":388},"2026-04-09",48.6,{"date":390,"value":391},"2026-03-26",47.29,{"date":393,"value":394},"2026-03-12",46.18,{"date":396,"value":397},"2026-02-26",45.8,{"date":399,"value":400},"2026-02-12",47.34,{"date":402,"value":403},"2026-01-29",49.57,{"date":297,"value":405},43.15,{"date":180,"value":407},47.05,{"date":409,"value":410},"2025-12-18",41.51,"/recycling/black-mass-prices",{"publishedDate":413,"updateFrequency":188,"updateFrequencyText":188,"label":414,"today":415,"last":416,"percentageChange":417,"yearToDate":418,"yearOnYear":419,"oneYearIndexTrend":420,"url":449,"subscription":49,"isProtected":50,"hasAccess":51},"2026-03-19","Rare Earths",172.27,182.38,-5.54,20.73,54.49,[421,422,424,427,430,432,435,437,440,443,445,447],{"date":413,"value":415},{"date":423,"value":416},"2026-03-05",{"date":425,"value":426},"2026-02-19",179.86,{"date":428,"value":429},"2026-02-05",155.4,{"date":431,"value":429},"2026-01-22",{"date":433,"value":434},"2026-01-08",145.37,{"date":46,"value":436},142.69,{"date":438,"value":439},"2025-12-11",141.67,{"date":441,"value":442},"2025-11-27",136.29,{"date":211,"value":444},132.15,{"date":213,"value":446},139.82,{"date":216,"value":448},145.27,"/rare-earths/prices",{"publishedDate":213,"updateFrequency":188,"updateFrequencyText":188,"label":451,"today":452,"last":453,"percentageChange":454,"yearToDate":455,"yearOnYear":456,"oneYearIndexTrend":457,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"LFP",111.93,124.92,-10.4,-2.67,-3.42,[458,459,460,462,464,466,469,471,473,475,477,479],{"date":213,"value":452},{"date":216,"value":453},{"date":219,"value":461},109.9,{"date":222,"value":463},100.47,{"date":225,"value":465},103.62,{"date":467,"value":468},"2025-04-30",109.47,{"date":329,"value":470},115.87,{"date":339,"value":472},117.3,{"date":341,"value":474},114.57,{"date":344,"value":476},115,{"date":347,"value":478},117.82,{"date":350,"value":480},111.9,{"publishedDate":213,"updateFrequency":188,"updateFrequencyText":188,"label":482,"today":483,"last":484,"percentageChange":485,"yearToDate":486,"yearOnYear":487,"oneYearIndexTrend":488,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"NCM High-Nickel",99.44,96.91,2.61,2.37,-3.84,[489,490,491,493,495,497,499,501,503,505,506,508],{"date":213,"value":483},{"date":216,"value":484},{"date":219,"value":492},97.09,{"date":222,"value":494},94.93,{"date":225,"value":496},97.13,{"date":467,"value":498},97.89,{"date":329,"value":500},101.4,{"date":339,"value":502},93.25,{"date":341,"value":504},98.94,{"date":344,"value":496},{"date":347,"value":507},98.69,{"date":350,"value":509},101.87,{"publishedDate":213,"updateFrequency":188,"updateFrequencyText":188,"label":511,"today":512,"last":513,"percentageChange":514,"yearToDate":515,"yearOnYear":516,"oneYearIndexTrend":517,"url":370,"subscription":49,"isProtected":50,"hasAccess":51},"NCM Mid-Nickel",103.5,99.73,3.78,13.78,6.78,[518,519,520,522,524,526,528,530,532,534,536,538],{"date":213,"value":512},{"date":216,"value":513},{"date":219,"value":521},99.19,{"date":222,"value":523},96.02,{"date":225,"value":525},98.23,{"date":467,"value":527},99.24,{"date":329,"value":529},101.29,{"date":339,"value":531},87.61,{"date":341,"value":533},92.44,{"date":344,"value":535},90.96,{"date":347,"value":537},92.24,{"date":350,"value":539},95.09,{"id":541,"uuid":542,"name":543,"slug":544,"full_slug":545,"content":546,"relatedArticles":705,"relatedVideos":706},112468440969801,"28c7428b-76eb-4f7c-bfb7-8b104bc57772","Is it too late for an ex-China LFP revolution?","is-it-too-late-for-an-ex-china-lfp-revolution","article/is-it-too-late-for-an-ex-china-lfp-revolution",{"_uid":547,"date":548,"tags":549,"editor":564,"content":574,"excerpt":681,"featured":51,"reporter":682,"_editable":686,"component":687,"seo_title":543,"categories":688,"visibility":695,"author_company":49,"data_vis_image":696,"featured_image":700,"seo_description":681,"author_full_name":49,"author_job_title":49,"formattedDate":703,"formattedArticleDate":704},"90200639-e97a-4498-b060-337fab7c5ab4","2024-11-25 00:00",[550,553,556,559,561],{"slug":551,"name":552},"china","China",{"slug":554,"name":555},"data-visualisation","Data Visualisation",{"slug":557,"name":558},"europe","Europe",{"slug":560,"name":451},"lfp",{"slug":562,"name":563},"usa","USA",[565],{"slug":566,"name":567,"content":568},"matthew-bird","Matthew Bird",{"job_title":569,"image":570,"bio":572,"linkedin":573},"Senior Editor - Supply Chains & Data Visualisation",{"filename":571},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":575,"content":576},"doc",[577,584,589,604,609,618,625,630,643,648,661,671,676],{"type":578,"attrs":579,"content":580},"paragraph",{"textAlign":49},[581],{"text":582,"type":583},"Europe and North America’s ambitions to cut China from their supply chains is contending with their demand for lithium iron phosphate (LFP) cells. China dominates production of LFP cells, with supply outside the region insufficient to meet demand.","text",{"type":578,"attrs":585,"content":586},{"textAlign":49},[587],{"text":588,"type":583},"“The current ex-China LFP pipeline won’t go nearly far enough to meeting demand, not just for EVs but for ESS markets,” said Terry Scarrott, Director of Consultancy for Australasia at Benchmark.",{"type":578,"attrs":590,"content":591},{"textAlign":49},[592,594,602],{"text":593,"type":583},"LFP cells are needed to meet demand for lower cost electric vehicles (EVs) and energy storage systems (ESS). However, more than 99% of LFP supply is expected to come from China this year, with the country still accounting for 90% of production in 2030, according to Benchmark’s ",{"text":595,"type":583,"marks":596},"Lithium ion Battery Database",[597],{"type":598,"attrs":599},"link",{"href":600,"uuid":49,"anchor":49,"target":49,"linktype":601},"https://www.benchmarkminerals.com/lithium-ion-batteries/data-reports/forecast","url",{"text":603,"type":583},".",{"type":578,"attrs":605,"content":606},{"textAlign":49},[607],{"text":608,"type":583},"“When we think about some of the current geopolitical plays, we can already see there is going to be a meeting of heads to resolve the demand for LFP and protectionist economic policy,” said Scarrott.",{"type":578,"attrs":610,"content":611},{"textAlign":49},[612],{"type":613,"attrs":614},"image",{"id":49,"alt":615,"src":616,"title":49,"source":49,"copyright":49,"meta_data":617},"","https://a.storyblok.com/f/287943243085208/91a380d4da/bm-china-exchina-lfp-production.png",{},{"type":619,"attrs":620,"content":622},"heading",{"level":621,"textAlign":49},4,[623],{"text":624,"type":583},"How can ex-China battery players catch up?",{"type":578,"attrs":626,"content":627},{"textAlign":49},[628],{"text":629,"type":583},"“Ex-China battery producers could compete with more established competitors in China by forming close partnerships and alliances with local raw material suppliers and OEMs to establish localised LFP supply chains. This will help reduce logistics costs and avoid the tariffs applied to Chinese batteries,” said Aran Waid, Principal Analyst at Benchmark.",{"type":578,"attrs":631,"content":632},{"textAlign":49},[633,635,641],{"text":634,"type":583},"Ex-China cell manufacturers are already partnering with automakers on battery projects. Benchmark’s ",{"text":636,"type":583,"marks":637},"Gigafactory Assessment",[638],{"type":598,"attrs":639},{"href":640,"uuid":49,"anchor":49,"target":49,"linktype":601},"https://www.benchmarkminerals.com/lithium-ion-batteries/capacity-database/gigafactory",{"text":642,"type":583}," shows that of the seven gigafactories coming online in Europe next year, three are joint ventures with automakers. In the US, this figure is five out of the 11.",{"type":578,"attrs":644,"content":645},{"textAlign":49},[646],{"text":647,"type":583},"Waid also noted policy incentives available to ex-China producers could reduce set up costs. ",{"type":578,"attrs":649,"content":650},{"textAlign":49},[651,653,659],{"text":652,"type":583},"Benchmark analysis shows ",{"text":654,"type":583,"marks":655},"the cost of battery production in the US could be lower than that of China",[656],{"type":598,"attrs":657},{"href":658,"uuid":49,"anchor":49,"target":49,"linktype":601},"https://source.benchmarkminerals.com/article/us-battery-production-could-beat-china-on-cost-due-to-ira-tax-credits?_branch_match_id=1544410915802805114&utm_source=facebook&utm_medium=share&_branch_referrer=H4sIAAAAAAAAA8soKSkottLXT0rNS87ITSzKzs3MSy1KzCnWSywo0MvJzMvWD86OcnTKqsjP9U%2ByrytKTUstKsrMS49PKsovL04tsnXOKMrPTQUAESKj%2FEgAAAA%3D",{"text":660,"type":583}," by the end of the decade due to tax credits in the country’s Inflation Reduction Act (IRA). ",{"type":578,"attrs":662,"content":663},{"textAlign":49},[664,666,670],{"text":665,"type":583},"In 2029, the average cost of LFP cells produced in North America will be under $50/kWh to manufacture when including the $35/kWh IRA tax credit compared to $53.3/kWh in China. There is less than 90 GWh of LFP production forecast for North America, according to Benchmark’s ",{"text":595,"type":583,"marks":667},[668],{"type":598,"attrs":669},{"href":600,"uuid":49,"anchor":49,"target":49,"linktype":601},{"text":603,"type":583},{"type":578,"attrs":672,"content":673},{"textAlign":49},[674],{"text":675,"type":583},"However, the re-election of Donald Trump, who has been critical of the IRA, brings some uncertainty around whether this advantage will materialise. ",{"type":578,"attrs":677,"content":678},{"textAlign":49},[679],{"text":680,"type":583},"An improved sustainability profile could also give ex-China players a competitive edge in Western markets, where consumers and governments place more value on such metrics. ","Europe and North America’s ambitions to cut China from their supply chains is contending with their demand for lithium iron phosphate (LFP) cells. China dominates production of LFP cells, with supply outside the region insufficient to meet demand. “The current ex-China LFP pipeline won’t go nearly far enough to meeting demand, not just for EVs […]",[683],{"slug":566,"name":567,"content":684},{"job_title":569,"image":685,"bio":572,"linkedin":573},{"filename":571},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"90200639-e97a-4498-b060-337fab7c5ab4\", \"id\": \"\"}-->","article",[689,692],{"slug":690,"name":691},"batteries","Batteries",{"slug":693,"name":694},"battery-technology","Battery Technology","private",{"id":49,"alt":615,"name":615,"focus":615,"title":615,"source":615,"filename":697,"copyright":615,"fieldtype":698,"meta_data":699,"is_external_url":51},"https://res.cloudinary.com/benchmarkminerals/images/f_auto,q_auto/v1732010365/www-production/Almost-all-LFP-cell-supply-comes-from-China-no-Y-axis/Almost-all-LFP-cell-supply-comes-from-China-no-Y-axis.png?_i=AA","asset",{"alt":615,"title":615,"source":615,"copyright":615},{"id":49,"alt":615,"name":615,"focus":615,"title":615,"source":615,"filename":701,"copyright":615,"fieldtype":698,"meta_data":702,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/e538793d77/bm-is-it-too-late-for-an-ex-china-lfp-revolution.jpg",{"alt":615,"title":615,"source":615,"copyright":615},"Nov 25, 2024","25th November 2024",[],[],1780500939524]