Synthetic graphite dominates the market as manufacturers sto Battery manufacturers are increasingly using synthetic graphite due to its superior performance and longer lifespan compared to natural graphite. Currently, synthetic graphite accounts for 90% of the usage in EV batteries, in contrast to natural graphite. In China, natural graphite prices have reached record lows due to the growing use of synthetic graphite and a slowdown in demand for electric vehicles.
An oversupply of graphite in China is expected by 2028, which will further pressure prices. Manufacturers are stockpiling, and the market is facing a surplus. In Europe, the numbers of new electric vehicles are declining, signaling the end of the EV hype. Meanwhile, in the U.S., the construction of new gigafactories is being massively postponed.
At the same time, NGC has short-term liabilities that are three times higher than its short-term assets, and the stock price is low, yet it hasn't even begun to fall! How long will Hughes continue to deceive us with his vision of becoming the leading producer of graphite and anodes for North America?