Global Graphite Market is projected to grow at a CAGR of 3.95%
Knowledge Sourcing Intelligence announces the publication of a new report on “Global Graphite Market – Forecasts from 2020 to 2025” to their offering.
The forecasted EV sales growth, growing demand for lithium-ion batteries, increasing global military expenditure, growing R&D investments, increasing efforts decarbonizing of transport sector among others, are poised to result in healthy market growth.
As per the report, the global market pertaining to graphite market is expected to reach USD9.402 billion in 2025, from USD7.451 billion in 2019
A broad range of achievements and progress in the global graphite market is expected to lead to market growth are being mentioned hereunder:
January 2020 – Signing of off-take agreements
Canadian company SRG Mining Inc. (TSXV: SRG, GR:18Y) which is primarily focused on the development of the Lola graphite deposit that is located in the Republic of Guinea, West Africa has reportedly signed four, 3-year firm off-take agreements for a total of 89,000t. Approximately 60% of the company’s anticipated production over the period is represented by these agreements.
January 2020 – Engineering Study Completion
Canada based Leading Edge Materials (TSXV: LEM, OTCQB: LEMIF) which aspires to become a sustainable supplier of a variety of critical materials and known for its flagship asset is the Woxna Graphite production facility located in central Sweden has reportedly completed an engineering study to design and support the safe and efficacious installation of a battery graphite demonstration plant on the Woxna mine site. With the rationale of purification and spheronisation of appr. 100kg of graphite anode per day the demonstration plant was constructed.
January 2020 – Plans for Launching Commercials Activities
Headquartered in Canada Nouveau Monde Graphite (TSXV: NOU, OTCQX: NMGRF) which owns the Matawinie graphite project, located in the municipality of Saint-Michel-des-Saints, approximately 150 km north of Montreal, Canada had announced that plans for launching the production of micronized and spheronized graphite at the Saint-Michel-des-Saints demonstration plant during the first quarter of 2020 for process optimization and product qualification for prospective consumers
January 2020 – Participant Agreement Formalization
Australia-based EcoGraf Limited (ASX: EGR) has reportedly formalized a Participant Agreement with the Future Battery Industries Cooperative Research Centre which is based out of Curtin University, Perth to aid in the provisioning of the technology needed to identify opportunities for more efficient battery minerals’ extraction and refinement. Further, the company had announced that its unique eco-friendly graphite purification technology at its then planned Kwinana development would provide critical material for FBI CRC research programs.
January 2020 – Signing of Letter of Intent (LOI)
EcoGraf announced the signing of LOI with GR Engineering Services Limited (ASX: GNG) for a contract for the development of a 20,000tpa battery graphite facility in Western Australia that comprises engineering, procurement, and construction.
January 2020 – Scaling -Up of Active Anode Supply
Talga Resources (ASX: TLG, GR: TGX, OTCPK: TLGRF) which is known to build a European source of battery anode and graphene additives to make graphitic products commercially available which are also instrumental to its customers’ innovation and fundamental to facilitate a shift towards a more sustainable world, has announced the successful completion of 60 tons pilot-scale processing program producing graphite concentrate. Moreover, the latter is the feedstock for the European battery anode refinery planned by Talga and its continuing customer development programs.
February 2020 – Achievement of Graphite Purity
Ceylon Graphite (TSXV: CYL, GR: CCY, OTC: CYLYF) had announced the achiever of 99.9997% Cg purity utilizing an environmentally responsible and sustainable thermal purification process which doesn’t involve the use of acids (like Hydrofluoric acid), with vein graphite from its K1 Mine.
February 2020 – Commercial Agreement Fulfilment
Magnis Energy Technologies Ltd (ASX: MNS) announced that its partners US lithium-ion battery technology group, Charge CCCV aka C4V of which Magnis owns 10% has fulfilled a commercial agreement with MARTAC is an innovative provider of the MANTAS line of Unmanned Surface Vehicles (USV) for military, security, commercial and scientific missions, and markets, by meeting another order of batteries form MARTAC.
February 2020 – Positive Testwork of Ancuabe Graphite
A major producer of value-added graphite products that is based out of China called Xincheng Graphite Co. Ltd has reportedly conducted a positive testwok for Ancuabe graphite which confirms its suitability for the premium-priced graphite foil, refractory and flame-retardant markets.
As a part of the report, the major players operating in the global graphite market, which have been covered are Ceylon Graphite Corp., China Carbon Graphite Inc., CM Carbon, Focus Graphite Inc., Hexagon Energy Materials Limited, Mason Graphite, Mersen Corporate Services SAS, NextSource Materials Inc., NovoCarbon, Pacific Graphite, Inc., SGL Carbon, Tokai Carbon Co., Ltd., Toyo Tanso Co., Ltd., Triton Minerals Ltd, and Volt Resources Limited.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-graphite-market
This report segmented the global graphite market on the basis following terms
- Writing Material
- Nuclear Rectors
- Graphene Sheets
By End-User Industry
- Energy & Power
Middle East and Africa
- Saudi Arabia
- North America
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