While Tesla hits $1,500, it still depends on battery materials such as graphite

The times are changing, and there are new demands for electric vehicles. Tesla has now become more valuable than Toyota. In an abysmal market, it has tripled since Match, 2020. More Electric Vehicles means a growing demand for energy storage and charging stations that will drive the growth of the battery materials market. 

The use of large flake graphite as a refractory (heat-resistant) material began before 1900 with the graphite crucible used to hold molten metal. In the mid-1980s, the carbon-magnesite brick became important, and a bit later alumina-graphite material. Graphite blocks are also used in parts of blast furnace linings where the high thermal conductivity of the graphite is critical.

Blencowe Resources Plc (LON:BRES) is a United Kingdom-based mineral exploration and development company. The Company is focused on exploration and development of the Orom Graphite Project in the Republic of Uganda. 

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