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What is LG Chem's lithium iron phosphate cathode?

The Korean firm LG Chem is working with China’s Huayou Group to set up a lithium iron phosphate (LFP) cathode materials plant in Morocco. The facility is expected to produce enough material for half a million electric car batteries once it starts up in 2026. LG Chem currently produces nickel-based battery materials.

Will a joint EV battery plant be built in Morocco?

South Korea's LG Chem Ltd has entered a partnership with China's Huayou Group's subsidiary Youshan, it said on Sunday, to build a joint electric vehicle (EV) battery material plant in Morocco to diversify its portfolio.

Where are lithium iron phosphate (LFP) cathodes made?

Wonjoon Suh, LGES’s head of advanced automotive battery division, revealed that Morocco is one of three locations under consideration for the production of lithium iron phosphate (LFP) cathodes. “We are in talks with Chinese companies that will develop and produce LFP cathodes with us for Europe,” Suh told Reuters.

What is Morocco doing with phosphate salts?

The joint venture is said to currently be in negotiations with OCP, a leading Moroccan phosphate and fertilizer supply company, to source the highest quality phosphate salts for the production of LFP and ternary CAM precursors from the plant. Morocco is a major global producer of phosphate salts: Its reserves account for 71% of the world total.

Will lges offer low-cost LFP batteries to Europe?

LGES aims to offer low-cost LFP batteries at the future plant to supply the European market. Rabat - South Korea’s LG Energy Solution (LGES) is considering Morocco as a new site for a production plant for Electric Vehicles (EV) batteries to export to Europe.

Which companies are investing in phosphate rock?

Morocco has the world’s largest reserves of phosphate rock. Other firms are also investing in LFP. For example, First Phosphate is trying to open a phosphate mine in Canada and recently agreed to supply phosphoric acid for American Battery Factory’s planned LFP production facility in Arizona. Chemistry matters.

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South Korea''s LG Chem has announced a new partnership with China''s Huayou Group to establish two plants in Morocco for the production of LFP cathodes and lithium conversion, …

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South Korea''s LG Chem has announced a new partnership with China''s Huayou Group to establish two plants in Morocco for the production of LFP cathodes and lithium conversion, which are essential components in the manufacture of …

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