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Small Business Growth

Why Firebird Metals chose China for LMFP production [Video]

Firebird Metals Ltd (ASX:FRB, OTC:FRBMF) managing director Peter Allen talks with Proactive’s Tylah Tully about the company’s operations in China and the competitive advantages of producing LMFP (Lithium Manganese Iron Phosphate) in the region.

Allen highlighted China’s unique industrial parks, advanced technology and cost efficiencies as key drivers for Firebird Metals’ strategic growth in the country.

“China’s industrial parks offer a low-capital, low-operating-cost environment, with access to reagents, off-takers and complete waste-free processes,” Allen explained.

He emphasised the proximity to global battery production hubs, noting that one-third of the world’s battery gigafactories are in or near the Hunan province where Firebird operates.

Allen also discussed the company’s growth strategy: “Our focus is to demonstrate our capabilities in China and eventually expand to meet growing Western demand.”

Firebird Metals has received robust support from local governments, tax incentives and partnerships, which underpin its competitive position in the lithium battery supply chain.

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Categories
Small Business Growth

Netflix surges past 300 mn subscribers [Video]

Netflix on Tuesday said it added nearly 19 million subscribers during the holiday season to finish out last year with more than 300 million subscribers. In the final quarter of 2024, the streaming juggernaut said it logged profit of $1.87 billion on revenue of $10.25 billion that grew double digits from the same period the