Used as an anode material in lithium-ion batteries, global demand for graphite is expected to increase by 500% by 2050 as efforts to scale-up energy storage and electric vehicle adoption intensify.
With some of the highest graphite deposits worldwide, Africa is poised to play a central role in supplying the global market, with several high-impact projects leading the charge.
Mozambique – Montepuez Mine: 119.6 million tons
The Montepuez mine is a graphite project located in Mozambique’s Cabo Delgado province. The project is being developed by Tirupati Graphite following an April 2023 acquisition, and boasts mineral reserves of 119.6 mt with a capacity to produce 100,000 t/y of flake graphite.
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.