“China also has a monopoly on converting flake graphite into the spherical graphite for battery anodes and is forecast to produce 98% of uncoated spherical graphite (USPG) in 2024 according to Benchmark’s Natural Graphite Forecast.” (Benchmark Source)
“There are only 11 companies tracked by Benchmark looking to develop spherical graphite (SPG) production capacity outside of China.” (Benchmark Source)
https://source.benchmarkminerals.com/article/us-hikes-tariffs-to-further-isolate-china-from-its-ev-supply-chain-ambitions
https://source.benchmarkminerals.com/article/esg-of-graphite-how-do-synthetic-graphite-and-natural-graphite-compare
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