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Korean LFP makers challenge China's monopoly amid US rules
South Korean battery materials makers, including Posco Future M and L&F, are pushing into lithium iron phosphate (LFP) cathodes. This move challenges China’s near-monopoly, driven by US restrictions and expanding energy storage system (ESS) demand. The companies are converting production lines, building dedicated LFP plants, and securing multitrillion-won supply deals with major Korean battery makers.
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