LFP cooldown: Huayou exits LFP cathodes as competition mounts

Huayou Cobalt has decided to withdraw from producing lithium iron phosphate (LFP) cathodes, in a sign of the mounting competition in the sector as the cheaper battery material grows in popularity. China’s largest cobalt producer said it would focus on producing nickel cobalt manganese (NCM) cathode “to further improve the concentration of competitive resources and […]