This month 76% more lithium carbonate equivalent (LCE) was deployed worldwide in batteries of new electric, plug-in hybrid and hybrid electric passenger vehicles compared to the same month last year. The surge in lithium use per kWh of battery capacity deployed is due to an ongoing shift from lithium iron phosphate (LFP) to nickel-cobalt-manganese (NCM) cathodes among Chinese vehicle makers. Full electric and plug-in hybrid vehicles are also taking market share from traditio