Graphite outlook 2021: What’s aheadLINK
https://investingnews.com/daily/resource-investing/battery-metals-investing/graphite-investing/graphite-outlook/ Graphite outlook 2021: What’s ahead
As the new year begins, there are key catalysts investors interested in the graphite space should watch.
Looking at demand, Benchmark Mineral Intelligence still expects to see double-digit growth in demand from 2022 onwards for the battery segment.
“Battery demand growth has slowed, and our estimates for 2020/2021 have been lowered, but with stimulus packages boosting the long-term battery market trajectory, and ongoing commitments from OEMs, the raw material requirements of the market continue to escalate,” Miller said.
Alongside demand from energy storage applications, the battery industry is due to become the largest sector of demand for the graphite supply chain — the sector is seen aggressively increasing to around 15 times today’s demand by 2030.
“Demand from the lithium-ion market alone is expected to rise from nearly 200,000 tonnes per year in a 700,000 to 800,000 tonne market at current to nearly 3 million tonnes a year in a 4 million tonne market by 2030,” George Miller of Benchmark Mineral Intelligence said at a webinar back in December.