RE: 18 months from now30 Dec 2025 21:01
Lithboy,
It’s important to look at demand outside China, because that’s the market both projects are actually targeting.
Global natural graphite demand ex-China today is roughly 300–350 ktpa, coming mainly from the US, EU, Japan and Korea across batteries, defence and industrial uses. This is the part of the market growing fastest as supply chains de-risk from China.
Titan
• Target output: ~40 ktpa
• That covers ~40–50% of current US natural graphite demand
• But it’s only ~11–13% of global ex-China natural graphite demand
Strategically important for the US, but still a regional solution.
BRES (Orom Cross)
• Phase 1 + Phase 2: ~100–125 ktpa
• That’s ~30–40% of global ex-China natural graphite demand today
• From a non-China jurisdiction, scalable, long life
This is why BRES remains highly relevant to the US and its allies.
Western policy isn’t about one mine solving the problem. It’s about multiple large, trusted sources feeding a secure supply chain. US restarts like Titan help domestically, but they don’t meet the scale of ex-China demand growth coming from EVs, grid storage and defence.
So Titan is a US domestic plug.
BRES is a global ex-China anchor project.
Different lanes, complementary roles, and demand outside China is large enough to support both.