Côte d''Ivoire: Government Grants New Gold and Lithium Permits
During the Council of Ministers meeting on October 16, the Ivorian government issued four decrees granting mining exploration permits: three for gold and one for lithium.
Lithium iron phosphate (LFP) cathodes are gaining popularity because of their safety features, long lifespan, and the availability of raw materials. Understanding the supply chain from mine to battery-grade precursors is critical for ensuring sustainable and scalable production.
Although it has a lower energy density compared to other lithium-ion battery cathode materials, such as lithium cobalt oxide (LCO) or lithium nickel manganese cobalt oxide (NMC), LiFePO₄ offers consistent performance over a wide range of temperatures and conditions.
By 2033, IMARC Group expects the market to reach USD 10.1 Million, at a projected CAGR of 5.32% during 2025-2033. The escalating demand for electric vehicles (EVs) is accelerating the demand for lithium iron phosphate, also known as lithium ferro-phosphate (LFP) batteries, due to their enhanced capability in terms of safety and lifecycle.
During the first quarter of 2025, the lithium iron phosphate prices in South Korea reached 19200 USD/MT in March. Geopolitical tensions and disruptions in global supply chains affected the availability and cost of raw materials used in LFP battery production, impacting prices.
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