BYD may use LMFP in Blade 2.0? What this would mean for Mn

Analysis on the possible adoption of LMFP in BYD's Blade 2.0 and the implications for manganese (Mn) in the supply chain.

Quick summary: the headline points to the possibility of BYD adopting LMFP in the Blade 2.0 and the implications for manganese, abbreviated as Mn.

The discussion is not limited to a chemistry change; it involves how LMFP can influence the demand for Mn in the battery supply chain, with potential impacts on cost and availability.

Relevant Indices Overview

• Lithium Index — 351.32 (+1.36%)
• Lithium Carbonate Index — 373.01 (+1.74%)
• Lithium Hydroxide Index — 321.41 (+0.71%)
• Cobalt Index — 252.84 (-0.25%)
• Nickel Index — 123.51 (+0.66%)
• Natural Graphite Index — 81.92 (+0.28%)
• Anode Coke Index — 75.72 (+1.49%)
• Anode Index — 77.79 (-0.22%)
• Cathode Index — 72.79 (+13.59%)
• Lithium ion Batteries Index — 74.53 (+4.53%)
• Black Mass Index — 46.18 (+0.83%)
• Rare Earths Index — 182.38 (+1.40%)
• LFP Index — 111.93 (-10.40%)
• NCM High-Nickel Index — 99.44 (+2.61%)
• NCM Mid-Nickel Index — 103.53 (+3.78%)

Note: The data above appears repeatedly in the base text, reflecting continuous updates on commodities relevant to the topic.

If BYD moves forward with LMFP in the Blade 2.0, this could reduce the dependency on Mn in part of the design, increasing the importance of supply chain strategies and costs for battery manufacturers. The exact impacts will depend on design choices and supplier policy.

Inviting your opinion

What is your reading of this move? Do you believe BYD will actually adopt LMFP in the Blade 2.0, and what effects do you expect for Mn and the battery sector?