Bring It.EV Yup . Supply vs Demand . Graphite demand will soar in the decade ahead. We expect a compound annual growth rate (CAGR) of 11.6% between 2022 and 2035, with global demand of around 7,334 kt in 2035—4.2 times higher than in 2022. We estimate that the proportion of demand related to LIBs will grow from 36% in 2022 to 78% in 2035.