Tirupati Graphite is making bold moves to dominate the graphite supply chain. With production set to reach 50,000 metric tons in Mozambique next year and an ambitious target of 8% global market share by 2030, the company is positioning itself as a key player in the fast-growing battery materials sector.
As demand for electric vehicles surges, so does the need for essential battery minerals like graphite. With China currently controlling much of the supply, alternative sources are crucial. London-listed Tirupati Graphite has taken a strategic step by acquiring two major graphite projects in Mozambique—Montepuez and Balama—from Australian firm Battery Minerals Ltd. These sites, combined with its existing 30,000-ton-per-year operations in Madagascar, form the backbone of Tirupati’s aggressive expansion strategy.
With EV sales projected to rise from 10 million in 2022 to 14 million in 2024, the global appetite for graphite is expected to triple by 2030. Tirupati is capitalising on this trend by ramping up its Mozambique operations to produce 50,000 tons annually and scaling up total production across Mozambique and Madagascar to 400,000 tons within seven years. The company already holds permits to mine up to 158,000 tons per year in Mozambique, with further expansions planned to match market demand.
Beyond sheer production growth, Tirupati is strategically positioned to benefit from Western efforts to diversify supply chains away from China. The company currently exports graphite to key markets in the United States, Europe, India, and Japan, ensuring it remains a vital supplier as the global energy transition accelerates.
Tirupati Graphite is at the forefront of the battery materials revolution, leveraging its resources in Africa to meet soaring demand. With a clear vision for expansion, the company is set to become a major force in the graphite market.
Tirupati Graphite PLC (LON:TGR) is a fully integrated specialist graphite and graphene producer, with operations in Madagascar and Mozambique. 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.