“The advent and growth of the lithium iron phosphate (LFP) battery provides extremely compelling economics,” Ariane president Brian Ostroff said in a release. “The study also demonstrates the opportunity for our Lac à Paul mine to have a local customer.”
PPA is a crucial agricultural commodity for enhancing crop yields and meeting global food demand. North and South America, Western Europe and parts of Asia face shortfalls and rely on imports to satisfy growing demand. While about 85% of phosphate is currently used in fertilizers, emerging technologies like LFP batteries are driving additional demand. Canada added phosphorous to its critical minerals list this month.
Sales revenue
The project’s $1.7 billion construction forecast includes a contingency of about $240 million. Operating costs are estimated at $1,195 per tonne. The company expects annual sales of $1.1 billion. That’s from 350,000 tonnes of PPA priced at…
