El Capitan Precious Metals Inc (ECPN)

[Fullgold5]

Why might the auto industry want ECPN's Fe resources? To make LFP batteries.

High-quality iron ore can be used to help make iron phosphate batteries for electric cars. Iron phosphate batteries, also known as lithium iron phosphate (LiFePO4) batteries, use iron phosphate as the cathode material instead of the more commonly used cobalt or nickel-based cathodes.

Iron phosphate is typically made by reacting high-quality iron ore with phosphoric acid. The purity and quality of the iron ore used in this process can have an impact on the performance and durability of the resulting batteries. Using high-quality iron ore with low impurities can help improve the performance and lifespan of the batteries.

Iron phosphate batteries have several advantages over traditional lithium-ion batteries, including greater safety and longer lifespan (and they are cheaper to make. This will enable Tesla to produce and sell, at a profit, their $25,000 Model 2). Expect lots of future demand for our high quality Fe resource as automobiles transition to electric. Pass this on to Doug Sanders.