The collaboration will help establish a North America supply chain
Iron powder producer KN Powder Metallurgy’s division GKN Hoeganaes announced its collaboration with First Phosphate to establish a North American supply chain for lithium iron phosphate (LFP) batteries.
LFP batteries are crucial to the development of the electric vehicle manufacturing industry along with the battery storage industry. GKN had successfully integrated First Phosphate magnetite into its proprietary ancorsteel melting process prior to the partnership.
First Phosphate’s integration has led to the development of a high-purity iron powder. This serves as a precursor for lithium iron phosphate cathode active materials, which is required for the production of LFP batteries.
LFP batteries are known for being cost-effective and safe. They have stable raw materials and are growing in demand due to the rise in electric vehicles and stationary energy storage systems. The partnership will help reduce the dependency on international supply chains.
Matthias Voss, president at GKN Hoeganaes, said: “Partnering with First Phosphate enables us to contribute our advanced iron powder technology to a rapidly growing industry that is focused on clean and efficient energy storage solutions. This collaboration underscores our commitment to fostering a local supply chain for LFP batteries, addressing both sustainability and technological innovation.”
First Phosphate will integrate high-purity ancorsteel into its new iron phosphate precursor, and lithium iron phosphate cathode active material in its production facility in Quebec. The company is aiming to reach 400,000 tonnes per year by 2032. GKN Hoeganaes will assist in this vision through its Gallatin, Tennessee, operations and providing research and development facilities in New Jersey for process enhancement and optimisation.
John Passalacqua, CEO at First Phosphate, said: “Working with GKN Hoeganaes to bring Ancorsteel to the market is a vital step in advancing our mission to create a sustainable and locally sourced LFP battery supply chain. This partnership combines our high-quality phosphate resources with GKN Hoeganaes’ expertise in iron powder production, setting the stage for a robust North American battery ecosystem.”
Mine sources will be vertically integrated directly into the supply chain of major North American LFP battery producers, allowing for a consistent and secure supply source.
