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Mitra Chem makes deal with L&F to support building LFP cathode material production in the United States.
Sad update to the speculation that MitraChem might announce a deal with Nano One. Very frustrating since Vivas Kumar is the second most knowledgeable voice in this cathode space (behind Dan Blondal).
Nextly, this is disappointing since it remains somewhat of a mystery how MitraChem is using Saint Gobain process technology for LMFP pilot plant and yet Nano One is not included in this collaboration between MitraChem and Saint Gobain. https://biz.chosun.com/en/en-industry/2025/03/20/A3SND6MU2VA23HKZY7R2TPY5TA/?outputType=amp L&F plans to strengthen its strategic collaboration with Mitra Chem through this investment and use it as a foothold for local LFP production in the U.S. Mitra Chem has already secured $100 million (about 154.7 billion won) in subsidies from the U.S. Department of Energy (DOE). It is also preparing investments for mass production, having obtained additional subsidies amounting to $25 million (about 36.4 billion won) from the Michigan state government. The two companies plan to begin commercial production of LFP in the U.S. starting in 2027 through cooperation.
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