🚨 Tesla to build $4.3B battery plant in the U.S.Tesla and LG Energy Solution will build an LFP battery cell factory in Michigan, with production starting in 2027. The cells will power Megapack energy storage systems made in Texas.This strengthens Tesla’s U.S. supply chain, lowers costs, and supports rapid growth in its energy business, which is already becoming a major profit driver. $TSLA ...

Core Insights - First Phosphate Corp. has achieved a significant milestone by successfully creating and testing lithium iron phosphate (LFP) battery cells using North American critical minerals, completing the full cycle from "pit to battery cell" [1][4][7] Company Achievements - The LFP battery cells produced demonstrated commercial-level performance, achieving at least 80% capacity retention after 2,000 charge and discharge cycles, which aligns with industry standards [2][6] - The company utilized phosphate and iron materials sourced from its properties, validating the effectiveness of these critical minerals in LFP battery production [4][7] Production Process - The production process involves several steps: extracting igneous phosphate rock, converting it into phosphate concentrate, producing purified phosphoric acid, and creating iron phosphate precursor, which is then mixed with lithium to form the LFP cathode material [5][6] - Graphite sourced from Nouveau Monde Graphite in Montreal is used for the anode material, completing the battery cell production [5] Market Implications - The successful testing of these battery cells positions First Phosphate Corp. to engage with investors and partners, showcasing the viability of its critical minerals and processing capabilities for commercial applications [7]

🚨NEWS: Tesla is close to completing its first LFP battery cell factory in North America 🇺🇸This move cuts reliance on Chinese supply and marks a major step toward localizing EV production. https://t.co/WNVftLZ6Ii ...