Ceylon Graphite Corp V.CYL

Is India the Next Big Battery Growth Market?

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Tata Motors recently launched India's lowest-priced electric car, the $10,000 Tiago electric vehicle. This will bring affordable electric vehicles to the Indian market which is currently the world’s fourth-largest automotive market.

This move is set to boost India's EV market, putting Tata in the lead. Despite this, Benchmark Mineral Intelligence forecasts that India will account for less than half a percent of global battery capacity in 2030. With domestic battery supply lagging, India will need to catch up to meet its target of having electric cars make up 30% of private car sales by 2030.

Despite most of the world’s critical minerals needed for the battery supply chain being mined outside of China, they are currently dominating the battery supply chain. As the rest of the world plays catch-up, Benchmark argues that the recent $4 billion potential investments into new lithium iron phosphate batteries and battery materials in the state of Michigan could mark a significant increase in US production of the cheaper battery material.

Ceylon Graphite currently holds the largest land package in Sri Lanka, the most graphite-rich region and historically the largest graphite producer in the world. Our unique and comparatively higher margin vein (lump) deposits currently make up less than 1% of the world's graphite production. With the graphite mined in Sri Lanka known to be some of the highest grades in the world, we continue to position ourselves to be a significant player in the battery supply chain. 

To learn more about Ceylon Graphite, you can click on one of the following links:

If you have any questions or comments about Ceylon Graphite or our projects, please contact our Chief Executive Officer, Donald Baxter, P.Eng. He will follow up with you directly to answer your questions or provide any additional information.

Telephone: [phone]
Email: [e-mail]