Nano One and Sumitomo Metal Mining Expand LFP Collaboration

Nano One Materials Corp. and Sumitomo Metal Mining Co. Ltd. are strengthening their partnership to advance lithium iron phosphate (LFP) commercialization. Following positive results from development trials, Sumitomo has affirmed Nano One as a key technology partner. This collaboration focuses on expanding LFP production opportunities targeting strategic customers.

Sumitomo Metal Mining, a leader in battery materials, has invested C$16.9 million in Nano One and established a strategic agreement to commercialize the One-Pot technology. This partnership aims to leverage cost-effective production and supply chain efficiencies, driven by the global shift towards LFP as a dominant cathode chemistry.

Amidst increasing market demand for LFP, both companies see significant potential in their combined efforts to localize cathode material supply chains and accelerate adoption of LFP technology in the lithium battery sector.