Despite probable bumps in the road ahead, caused by faltering economies and component shortages, more than 13m plug-in fully electric or hybrid passenger cars are likely to be sold this year, according to Bloomberg. This will take the number of EV’s on the world’s roads from 27m to more than 40m. But that is still only around 3% of the planet’s vehicle fleet. With another 97% to go, mass electrification of transport means there will be a huge demand for batteries and the materials they are made from.
Carmakers already fret about spiralling prices and limited supplies of lithium, the crucial ingredient of the lithium-ion batteries at the heart of this revolution. They also worry about cobalt and other ingredients used to make cathodes, the positive electrodes inside those batteries (though recent discoveries of new reserves have dampened those concerns as they relate to cobalt in particular). It does, though, take two to tango.
Tirupati Graphite PLC (LON:TGR) is a fully integrated specialist graphite and graphene producer, with operations in Madagascar and India. The Company is delivering on this strategy by being fully integrated from mine to graphene. Its global multi-location operations include primary mining and processing in Madagascar, hi-tech graphite processing in India to produce specialty graphite, and a state-of-art graphene and technology R&D centre to be established in India.