Where Data Tells the Story
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What We’re Showing
This graphic illustrates the global battery market’s growth by cathode type, comparing Nickel-Cobalt-Manganese (NCM) and Lithium Iron Phosphate (LFP) chemistries.
This data comes exclusively from Benchmark Mineral Intelligence as of February 2025.
Cathode: Electrode where lithium ions move during discharge, generating power.
NCM vs. LFP:
Key Takeaway