The world needs GRAPHITE GEM has IT Graphite
For all the talk about the era of “global electrification” and the race between world powers to secure minerals critical to this process, one raw material that has been flying under the radar is graphite.
Like lithium, graphite is indispensable to the global shift towards electric vehicles; it is the second-largest component in lithium-ion batteries by weight. It is not a substitute for lithium either, since graphite (in spherical form) is in the anode while lithium is used for cathodes.
Spherical graphite can only be produced from flake graphite, a form of natural graphite, upgraded to a high purity level, but its manufacturing process is expensive and wastes up to 70% of the flake graphite feed.
Out of the approximately 1.2 million tonnes of natural graphite processed worldwide each year, only 40% is flake graphite. This figure is far from enough to sustain the growing demand for battery materials.
On average, a hybrid-gasoline electric vehicle (HEV) carries up to 10 kg of graphite, and a plug-in EV has around 70 kg. This means for every 1 million EVs, it would require over 70,000 tonnes of natural graphite.
By some estimates, at least 125 million EVs are expected to be traveling global highways by 2030, nearly 20 times the global EV stock in 2019. That’s more than 8 million tonnes of battery-ready graphite needed in the coming decade.
This does not factor in the relentless growth of consumer electronics, another industry that heavily relies on lithium-ion batteries, as well as future developments in portable tools and energy storage applications.
The global lithium-ion battery industry is expected to grow at a CAGR of 16.4% within the next five years, reaching a value of $94.4 billion by 2025. Sustained demand from developed nations in North America and Europe and expanding Asian markets such as China, India, and South Korea will be the driving forces behind this growth. Ontario has tons of really HIGH grade GRAPHITE, so we should be listed with the above MARKETS.. go GEM go.. DYOD. GLTA.