****US graphite demand projected to surge more than 600% by 2034; Fast-markets introduces regional price benchmark Oct 03, 2024
The timing of this price launch aligns with recent shifts in the global regulatory landscape and burgeoning demand for battery-grade materials. Graphite is a crucial raw material in the anode of lithium-iron phosphate (LFP) and nickel-cobalt-manganese (NCM) batteries. Interest in regional graphite prices has spiked following the implementation of China's export controls on graphite as well as the US Inflation Reduction Act (IRA) and updated Section 301 tariffs. These last two regulatory changes reflect the US government's ambition to establish a more independent graphite supply chain, which anticipates in turn to create a distinct market in terms of pricing.US graphite demand is set to rise by more than 600% to almost 700,000 tonnes by 2034, according to Fastmarkets principal analyst Amy Bennett."This is a pivotal moment in the US graphite sector, with the US aiming to de-risk from China and become more self-sufficient in the graphite space, particularly for battery-grade materials," Bennett said. "The combination of incredible growth and the impact of the IRA and Section 301 tariffs will by necessity prompt the development of a US pricing premium
SGA Price at posting:
9.6¢ Sentiment: Buy Disclosure: Held
