- BNEF projects LFP demand outside China to grow fivefold by 2035, capturing 52% of global market share.
- Nano One Materials (OTC:NNOMF) recognized as an LFP innovator by the International Energy Agency.
- Company aligns with G7 and Canada-EU initiatives to bolster local critical mineral processing and reduce strategic dependencies.
Vancouver-based Nano One Materials Corp. (OTC:NNOMF), a leading innovator in battery cathode active materials, is strategically positioned to capitalize on the surging demand for Lithium Iron Phosphate (LFP) materials outside of China. According to Bloomberg New Energy Finance, global demand for LFP is anticipated to grow five times by 2035, securing 52% of market share, while surpassing China's production capabilities.
Nano One's patented One-Potâ„¢ Process offers a sustainable solution by eliminating wastewater and reducing dependence on Chinese iron sulphate. This advancement supports the global call to diversify supply chains and strengthen local production capabilities, as acknowledged by the International Energy Agency, which regards Nano One as a key LFP innovator in its 2025 Outlook.
Recent policies, including the G7 Global Critical Minerals Action Plan and commitments at the Canada-EU Summit, emphasize the critical need for robust mineral processing and supply chain resilience. Nano One's alignment with these initiatives positions the company favorably to contribute to the global energy transition by supporting localized production and reducing strategic dependencies.
