Lying off the east coast of the African continent, Madagascar is becoming increasingly known as a major host for graphite – one of the most critical elements in the development of lithium-ion batteries (LIBs) and electric vehicles (EVs). Notably, Madagascar not only hosts large resources of graphite, much of its product is also of the high quality that LIB and other renewable energy developers are seeking.
London-headquartered Tirupati Graphite plc (LSE: TGR) is one of those that views Madagascar as an ideal location for providing key supply to the EV market.
“Madagascar offers weathered, low-cost saprolite hosted graphite deposits with a large concentration of high-quality jumbo and large flakes and crystalline structure. This, combined with free dig mining, easy liberation and flake size retention possible, makes Madagascar an ideal location for primary graphite mining and provides the potential for efficiency and lean mining process,” the company says.
Tirupati Graphite PLC (LON:TGR) is a fully integrated specialist graphite and graphene producer, with operations in Madagascar and India, with a vision of developing a world-leading benchmark flake graphite company.
