Everyone talks about #Lithium, but many forget #Graphite, when talking about #EV’s



In 2022, the lithium-ion battery anode market became the biggest end-market for natural flake graphite. 

Demand for anodes grew by 46% in 2022, compared to a 14% growth in supply for flake graphite.

This from @BenchmarkMin

What to expect for graphite in 2023? | Benchmark Source

In 2022 prices for -100 mesh flake graphite rose by 25%, a trend which Benchmark anticipates to continue into 2023 on the back of incremental supply-side expansions in comparison to surging demand from the anode sector. 

Demand for anodes grew by 46% in 2022, compared to a 14% growth in supply for flake graphite.

In 2022, the lithium-ion battery anode market became

the biggest end-market for natural flake graphite, overtaking the traditional industrial applications including refractory and foundry industries, which will see graphite market fundamentals and pricing increasingly be controlled and guided by the battery market.

Rising prices on strong anode demand are expected to incentivise new supply in 2023, where four new mines are anticipated to join the flake graphite market. Alongside expansions at current mines in both China and Africa, supply is set to grow by around 15%.

Given sharply rising demand in the face of restricted supply, the graphite market is on track to undergo a deficit in its -100 mesh market

Read the rest of the story here: https://source.benchmarkminerals.com/article/what-to-expect-for-graphite-in-2023?mc_cid=f558c30841&mc_eid=f761c46584

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