In a statement, Northvolt says its validated cell is more safe, cost-effective,
and sustainable than conventional nickel, manganese and cobalt (NMC) or iron
phosphate (LFP) chemistries and is produced with minerals such as iron and
sodium that are abundant on global markets. It is based on a hard carbon anode
and a Prussian White-based cathode, and is free from lithium, nickel, cobalt and
graphite. Leveraging a breakthrough in battery design and manufacturing,
Northvolt plans to be the first to industrialize Prussian White-based batteries
and bring them to commercial markets. Reports across the web also say the
technology enables the supply chain to become ecologically more sustainable,
cheaper, abd less dependent on China.
We have the raw materials in Australia but not the capability to process them.
Nothing stopping you from investing in moving up the value chain except a lack of government interest in doing so.