Tirupati Graphite plc (TGR, TGRHF.OTCQX), the specialist Flake Graphite company and supplier of the critical mineral for the global energy transition, has noted the recent decision by the Chinese government to impose export controls on Graphite and related products from 1 December 2023 stating that the decision would ‘safeguard national security interests’.
Flake Graphite is the largest constituent of Lithium ion batteries used in various applications including electric vehicles and grid energy storage. There is increasing global awareness of China’s domination of the supply of various critical minerals required for the energy transition, including Natural Flake Graphite. The Company is one of very few current producers outside China, and one of only two quoted companies outside China that has brought globally significant new Flake Graphite production capacity into commercial production in the past decade, and at industry leading capital intensity levels.
