So in terms of SG and NG, both of which obviously have their...

So in terms of SG and NG, both of which obviously have their merits, a very (very very) rough estimation of production ex China in 2032 (two years grace period) might look something like the below based on available information:

1. Novonix: 150ktpa (SG)
2. Anovion: 150ktpa (SG)
3. Syrah - 45ktpa (NG)
4. POSCO - 182ktpa (NG), 153ktpa (SG)
5. Northern Graphite Corp - 200ktpa (NG)
6. Epsilon - 50ktpa (SG and possibly NG?)
7. Nouveau Monde - 43ktpa (NG)
8. Graphite One - 42ktpa (NG)
9. Magnis - 35ktpa (NG) -- will be lucky to survive imo but others here will understand their journey far more than I.
10. Talga: 105ktpa (NG) -- Europe based I know, but worth including imo.

I won't include Magnis for the time being, but noting the above, it gives us somewhere around 615ktpa natural graphite total production in 2030, and 500ktpa synthetic graphite. The next question, which I won't touch on here, is how much anode will the US need to establish a supply chain ex China?

Have I missed anyone in the above? I likely have, but even still this represents a somewhat useful guide to get an idea of total anode production outside of China. I am going to start an excel doc and update it over time perhaps -- can post it here as required.

Re: the above discussion about FEOC and how much anode can be sourced from China. Even if the wording has thrown some of us off a little, I think we can all agree that the recent US guidance is probably the most significant bit of policy/guidance released since IRA details were disclosed years ago. Next key milestone is graphite tariffs, which were recently waived (again) until Dec 2023. If the US reintroduces this tariff (25%) it will obviously be enormous for those in North America looking to establish long term supply....but perhaps more relevant to us, it will be a game changer for the investment thesis for Novonix.