Every graphite powder ( primary / secondary synthetic or natural...

Every graphite powder ( primary / secondary synthetic or natural graphite) HAS to be qualified through a number of steps including lengthy lab testing before proceeding to the next level of bulk trial samples for field testing (real world EV road tests)...in the case of secondary batteries (Li-Ion - Large Format / High Power) can take up to 3 years or more to complete the qualification life cycle as there are a multitude of regulatory and transportation testing is required prior to shipping one MT of product no matter what the expectations may be.

The agreement is highly conditional, and the term OFFTAKE does not apply and is not correctly used in this context as an offtake requires take all of the ore body / concentrate sight unseen before any qualifications can begin. The term OFFTAKE was incorporated into the graphite industry in early 2010 by non-graphite management personnel such as from the iron ore or other mining industry which has created much confusion among new starts...any end user that engages in a TRUE OFFTAKE will find it a very risky proposition as there is apply supply of graphite in the market and most realistic end users will not risk capital on a graphite project that may or may not be successful in reaching commercial production..

OFFTAKES apply to bulk industrial minerals such as iron, copper, nickel, lithium or natural resources such as crude oil, natural gas, or coal, etc. where the end-user will invest significant resources or capital with the resource company and where the end user processes the raw material in its raw state. This would not apply to any graphite concentrate either traditional or advanced processes as there a wide range of specification that are required to be met including purity, PSD, pH, BET, MOIS, VOL, Elemental Limits, etc.

Over the past decade, you can find the graphite market landscape littered with offtake announcements that never progressed past the paper they were written on.