It is forecasted, that in 2025 10% of all cars will be EVs or hybrids. The amount of graphite needed additionally for the batteries for these vehicles exceeds the current production.
Lithium-Ion batteries contain over 10 times more graphite than lithium. In 10 years only batteries will require more graphite than it is produced worldwide now.
Refractory companies need more than 400 000 tons of graphite annually — stable demand.
