- Lithium Australia’s (LIT) subsidiary progresses its plans to establish a strategic position in the market for cobalt and nickel-free lithium-ion batteries
- VSPC, a wholly-owned subsidiary of Lithium Australia, says it’s advancing plans to commercialise its process technology for the manufacture of cathode material for LFP and LMFP batteries
- These advanced battery materials are now being tested by cell manufacturers in South Korea, France, Canada, Israel, China and Japan
- Lithium Australia last traded at 12.5 cents on September 16
Lithium Australia’s (LIT) subsidiary has progressed its plans to establish a strategic position in the market for cobalt and nickel-free lithium-ion batteries.
VSPC, a wholly-owned subsidiary of Lithium Australia, operates a battery material research and development facility and pilot plant in Brisbane. The company has patented several processes for producing high-performance lithium iron phosphate (LFP) cathode powder, as well as high-energy-density variants that include lithium manganese ferro phosphate.
VSPC said it is currently advancing plans to commercialise its process technology for the manufacture of cathode material for LFP and LMFP batteries. These advanced battery materials are now being tested by cell manufacturers in South Korea, France, Canada, Israel, China and Japan.
Cobalt and nickel-free batteries are thought to be safer, longer-lasting and require less raw materials than its alternatives.
The company said cobalt-free...
Read Full Story: https://themarketherald.com.au/lithium-australia-asxlit-progresses-plans-to-produce-cobalt-free-batteries-2021-09-17/
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