If there was not a certain demand for graphite today BAT would not have signed 3 MOU's to sell 3/4 of its graphite before even mining them.
The left graph shows demand for the total graphite market including synthetic graphite and the right graph is showing only natural flake graphite which BAT will only be selling.
Demand is shown to be increasing yearly.
Ann: March 2018 Investor Presentation, page-49
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