Deficit was forecast for this year, where is it? now it's +2025. Graphite is going into deficit? right. Synthetic are stepping up production and finding many more ways to create synthetic graphite from other oil and coal refining processes.
This scenario wasn't in the plan that they wanted you to know.
Let alone the fact that synthetic will never go away and natural graphite will only ever make up half of a batteries anode. The Demand is substantially reduced when realising this important fact, natural graphite is unstable without a 50/50 synthetic/ natural blend.
however synthetic alone can make up 100% of an anode.
There is a lot of omissions by people who should know better, who do know better.
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