American Battery Factory (ABF) has partnered with Canadian mineral development company First Phosphate to produce more than 40,000 tons of lithium iron phosphate (LFP) cathode active material (CAM) annually for the battery storage sector in North America.
The agreement envisions LFP CAM manufacturing of $500 million to $1 billion annually at future raw material costs. First Phosphate will source and supply local raw materials and manage logistics for ABF’s LFP CAM production process and will work on close integration into ABF workflows.
ABF and First Phosphate will begin a homologation process whereby First Phosphate raw materials will be used to produce LFP CAM for ABF’s battery cells and energy storage products. First Phosphate has access to clean igneous anorthosite phosphate-bearing rock in Quebec, Canada, which it intends to purify into a large quantity of battery-grade purified phosphoric acid. The companies will consider the possibility of locating certain facilities at the Port of Saguenay, Quebec.
ABF projects sustained annual demand for LFP CAM starting in 2026 and expects to reach full production by 2028 at its first planned LFP battery manufacturing facility in Tucson, Arizona.
“Stationary energy storage and telecom applications are already an established market application for LFP batteries in North America alongside the rapidly expanding EV sector,” said John Passalacqua, CEO of First Phosphate.
Source: American Battery Factory