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Quadrupled battery demand by 2030
Global battery demand is set to quadruple to 4,100 gigawatt-hours by 2030, driven by the surge in electric vehicle (EV) sales, according to a new report from Bain & Company. This growth presents significant opportunities and challenges for graphite producers. Lithium-ion batteries, which rely heavily on graphite as a primary… Read ⇢
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Tirupati Graphite plans to invest €432m in flake graphite production
Tirupati Graphite plc has announced a strategy to achieve a production capacity of 400,000 tons per annum (tpa) of flake graphite (natural graphite), aiming to capture 8% of the forecast global demand by the end of the decade. The company plans to raise up to €3.6 million in the near… Read ⇢
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Tokai Carbon to restructure plants amid market shifts
Tokai Carbon announced a major restructuring of its graphite electrode production, cutting capacity from 56,000 to 32,000 tons per year by July 2025 (Link). Production in Japan will be consolidated into the Hofu Plant, with the Shiga Plant being decommissioned. European production at TOKAI ERFTCARBON GmbH in Germany will also… Read ⇢
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Rio Tinto bets on low-CO2 graphite production
Rio Tinto has announced an additional €11.5 million investment to increase its shareholding in Sovereign Metals Limited to 19.76%, aiming to further the Kasiya Rutile-Graphite Project in Malawi. The project is considered a significant step towards unlocking a major new supply of low-CO2-footprint natural rutile and flake graphite. The funds… Read ⇢
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Could biographite help stabilize the clean energy supply chain?
Critical minerals are essential for transitioning to clean energy and transportation. As industries rapidly electrify, the demand for minerals like graphite is projected to grow exponentially, with a global supply deficit of 777,000 tonnes forecasted by 2030, worsening by 2040. Graphite, making up more than 40% of an electric vehicle… Read ⇢
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Molten Industries secures $25M Series A to innovate clean graphite and hydrogen production
Molten Industries, an Oakland-based startup, has raised $25 million in Series A funding to develop its technology for producing clean graphite and hydrogen. This funding will be used to build their first commercial reactor, which transforms natural gas into partly graphite for batteries and steel manufacturing, and partly hydrogen. Molten’s… Read ⇢
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China maintains dominance with low-cost battery production
China’s dominance in the battery market, particularly in producing low-cost lithium iron phosphate (LFP) batteries, continues to shape the global EV landscape. According to BloombergNEF’s 2024 outlook (https://about.bnef.com/electric-vehicle-outlook/), Chinese manufacturers produce these batteries are more than 40% cheaper than their Western counterparts, thanks to efficient large-scale production and robust supply… Read ⇢
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Can the EU step up to support its graphite producers?
Europe’s new synthetic graphite industry is facing serious challenges. China’s large production capacity and new US laws that protect their own industries are making it hard for European companies to compete. Burkhard Straube, CEO of Vianode, a Norwegian company, says that the EU’s Critical Raw Materials Act (CRMA) is not… Read ⇢
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U.S. Imposes 25% Tariff on Graphite: A Bold Move to Forge Western Supply Chain
In the midst of rising trade tensions between the U.S. and China, graphite—an essential component in electric vehicle (EV) batteries—has taken center stage. The U.S. has imposed a 25% tariff on both natural and synthetic graphite anodes from China. This bold move is aimed at kickstarting the development of a… Read ⇢
