Itafos Inc V.IFOS

LFP Battery: IFOS

[JimToronto]

Tesla switching to LFP batteries in all standard-range cars

https://www.cnbc.com/2021/10/20/tesla-switching-to-lfp-batteries-in-all-standard-range-cars.html


Exclusive: LFP Sharply Expanded Production Capacity in H2, and to Usher in Overcapacity in 2022

https://news.metal.com/newscontent/101581516/Exclusive:-LFP-Sharply-Expanded-Production-Capacity-in-H2-and-to-Usher-in-Overcapacity-in-2022/

Production and installed volumes of lithium iron phosphate (LFP) batteries were 13.5GWh and 9.5GWh respectively in September, both exceeding respective volumes of 9.6GWh and 6.1GWh for ternary (NCM/NCA) batteries.

https://www.argusmedia.com/en/news/2263038-chinas-september-power-battery-output-volumes-rise


Please calculate
1) The consumption of phosphate rock with the trend of switching to LFP.
2) The rock reserves by IFOS

Guinea-Bissau joins Belt and Road Initiative

https://www.chinadaily.com.cn/a/202111/27/WS61a220d7a310cdd39bc77ea7.html


 

[CanadianCody]

This year alone, 300,000 tonnes of purified phosphoric acid has shifted out of agricultural fertilizer production and into the LFP market. That equates to about 500,000 tonnes of lost diammonium phosphate (DAP) fertilizer production ------- that is basically the entire annual production at Conda. Tesla could use everything that plant produces annually. But there "farim" mine would be an

[Mineralrunner]

And from May 2021 IFOs presentation: "Conda represents 7% of US phosphate market with 606kst per year production and sales capacity"