- Lithium Australia's wholly-owned subsidiary, VSPC, has produced LMFP cathode powders.
- LMFP batteries have high energy density with an enhanced safety factor, and the cost factor also gets reduced.
- VSPC also sees LMFP potential in transportation applications.
Lithium Australia NL (ASX: LIT) updated that its 100%-owned subsidiary VSPC Ltd has successfully produced LMFP cathode powders that exhibit better performance.
VSPC has taken significant strides towards improving energy density of LFP LIB cells by adjusting its proprietary manufacturing processes through adding manganese into the cathode active material during production.
Kalkine Group Image, Data Source: Company Update, Date 3 December 2020
The LMFP batteries made with these materials have high energy density due to high voltage as compared to regular LFP cells. Furthermore, these battery cells are low-cost and have enhanced safety factor.
The discharge curves above are for cells manufactured from VSPC-produced LFP (left)
and VSPC-produced LMFP (right). Image Source: Company Update, Date 3 December 2020
Stock performance: On 3 December 2020, at AEDT 12:55 PM, LIT was trading at AUD 0.060, up by 5.263% with a market capitalisation of AUD 45.15M.
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