Longer-term, forecasts by Benchmark Minerals Intelligence (BMI) has the graphite market in a supply deficit as EV demand explodes 5x between now and 2030.
UBS forecast accompanying growth for global battery demand, expected to increase 7x to 2030 with larger battery sizes and increasing electric vehicle numbers in turn driving anode material demand – for with natural graphite is the critical feedstock.
That’s a lot of graphite that’s going to have to be produced.
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 center to be established in India.