Lithium Iron Phosphate (LiFePO4) is a chemical compound with an olivine structure and an orthorhombic system. It is a cathode material that has excellent properties like electrochemical performance and low resistance, which makes it among the safest and most stable cathode materials in lithium-ion batteries that offer great thermal stability and energy density.
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It appears to be a grey/black powder. It has a molecular weight of 157.76 u and a density of 1.523 g/cm3.
Key Details About the Lithium Iron Phosphate Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Lithium Iron Phosphate price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Lithium Iron Phosphate Price Trend, chart, including India Lithium Iron Phosphate price, USA Lithium Iron Phosphate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Lithium Iron Phosphate Price Trend:
Lithium Iron Phosphate (LiFePO4) is a key part added to lithium iron phosphate batteries which have wide applications in electric vehicles (EVs), solar energy installations, power tools, as well as huge grid-scale energy storage, which is primarily driving the market’s growth.
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In addition, these consumer electronics batteries work with cathodes comprising other lithium compounds, like lithium cobalt oxide (LiCoO2), lithium manganese oxide (LiMn2O4), and lithium nickel oxide (LiNiO2). Hence, it can be concluded that the demand for the product is directly linked to the growing demand for lithium iron phosphate batteries which furthers the industry’s expansion.
Key Players:
- BYD Company
- A123 System
- K2 energy
- Lithium Werks
- Britishvolt
- Power Sonic Corporation
- Contemporary Amperex Technology Co.Ltd.
News & Recent Development
- January 29, 2023- North American Electric car companies are planning to slash prices through the shift towards lithium iron phosphate (LFP) batteries which are less costly compared to batteries made using nickel and cobalt.
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