LFP doesn't use nickel or cobalt, which are usually the most expensive materials. Lithium prices will probably go up, but I don't think they're hugely signific

LFP doesn't use nickel or cobalt, which are usually the most expensive materials. Lithium prices will probably go up, but I don't think they're hugely significant yet. LFP cells also use plastic, iron, fertilizer (phosphate), and typically copper and aluminum. I think there's some graphite too. Maybe there'll be some equilibrium price as manufacturing costs drop and material prices go up. It would be surprising though if LFP prices didn't keep dropping. (Especially retail prices, which seem to be around $300/kwh in the U.S.)