Graphite Shortage looms7 Sep 2023 09:16
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Analysis: Auto firms race to secure non-Chinese graphite for EVs as shortages loom
By Eric Onstad
June 21, 20237:05 AM GMT+1Updated 3 months ago
[1/4]A worker looks on at the Niska trial graphite mine, owned by Talga Group, which aims to launch commercial production in 2024, in Norrbotten, northern Sweden, in this handout image taken in August Acquire Licensing Rights Read more
Summary
Companies
EVs to account for more than half of mined graphite demand
Automakers seek supply from new Western graphite miners
Graphite biggest component by weight in EV battery
FACTBOX: Graphite companies and offtake deals read more
LONDON, June 21 (Reuters) - Automakers, including Tesla and Mercedes, are rushing to lock in graphite supply from outside dominant producer China, as demand for electric vehicle (EV) batteries outpaces other uses for the mineral for the first time due to soaring EV sales.
Auto firms have been slow to plan for graphite shortages, focusing mainly on better-known battery materials lithium and cobalt, even though graphite is the largest battery component by weight.