fundamentals, page-35

Summary

World demand for natural flake graphite is growing rapidly, driven primarily by its use in Lithium-ion batteries.

However, supply is also about to grow as a large mine in Mozambique begins production.

The market will be oversupplied temporarily, but there is scope for new production in the higher flake sizes.

"The graphite space is very crowded, there are nearly 200 companies with identified deposits in various stages of study. The ones that succeed will probably be the ones that can produce the high flake sizes, that do not compete with the giant Syrah mine."