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Exclusive: Soaring lithium prices and China’s mass production ignite a global sodium battery race

A more than 3x rise in China’s lithium carbonate price over the past year has pushed sodium-ion batteries back into the spotlight, with the technology increasingly seen as a potential mainstream alternative to lithium batteries. But US industry players say sodium batteries made in the US still cost more than lithium iron phosphate (LFP) batteries, and subsidies from federal and local governments have yet to create a viable market in the near term.