Lithium Australia (ASX:LIT) on track to tap appealing opportunities in cobalt- and nickel-free LIB market

The LIB market space continues to see an increasing proportion of cobalt-free batteries, with several all-electric vehicles released in 2020 powered by LFP-type LIBs. LFP-type LIBs use 20% less lithium per unit of stored energy and are much safer than their cobalt and nickel counterparts.