RE: Strong buy9 Jul 2021 06:59
You want more detail?
Demand for graphite has also been growing at over 20% per year due to the proliferation of cell phones, cameras, lap tops, power tools and other hand-held devices. Graphite is the anode material in the battery and there are no substitutes at the present time. More recently, the growth in hybrid and all electric vehicles and grid storage have contributed to continued strong demand growth.
Lithium-ion battery demand already consumes 25% of graphite production from very little a few years ago and this market segment is still in its infancy. It is estimated that new manufacturing capacity will require annual flake graphite production to double over the next three years.
Graphite is not a homogenous commodity. It occurs in three forms, including flake, amorphous and vein/lump. Flake graphite commands the highest prices and has the widest range of end uses, including battery production.
Graphite is an essential but often unrecognized material for modern life, with broad industrial applications due to its unique properties. The include high electrical and thermal conductivity, low frictionality and light weight, properties that make it ideal for industrial applications.
Bloomberg predicts a 500% increase in global demand over the next 10 years.
Hope that helps pastabelly