NCM and LFP: The battle for cathode chemistry dominance

Despite the rapid growth in use of cheaper lithium iron phosphate (LFP) cathodes in batteries over the past year, nickel cobalt manganese (NCM) chemistries will be dominant by the end of the decade, due to growth in Western electric vehicle markets. LFP is forecast to account for 44% of total cathode demand in 2030 while […]