US is getting desperate for graphite even more than lithium. In...

US is getting desperate for graphite even more than lithium. In 2024 alone:

1. Congress, offered a conditional loan of up to $150 million to boost mining and processing of graphite at a facility in Balama, Mozambique. They are politically unstable countries, Ghana will get perfect opportunity.

2. $37.5 million for graphite mining in Alaska and processing in Washington state.

3. Tariffs on Chinese graphite in June 2024.

The article further states that Definitive, and in some cases, bankable feasibility studies exist for multiple projects in Tanzania, Madagascar, and Mozambique, with many more projects in the exploration pipeline.

In October (last year), the US government announced it was providing funding for a battery metals project that is fuelled by graphite from Mozambique. Syrah Resources Limited’s (ASX: SYR) wholly owned subsidiary, Syrah Technologies, LLC, has been selected for a US Bipartisan Infrastructure Law Battery Materials Processing and Battery Manufacturing grant (DOE Grant) of up to US$220M from the US Department of Energy (DOE).

The DOE grant will support the financing of the potential expansion of the Vidalia active anode material (AAM) facility in Louisiana, USA, to a 45Ktpa AAM production capacity.raphite exploration programmes are ongoing in Botswana, Ghana, Guinea, Madagascar, Malawi, Mozambique, Namibia, South Africa, Tanzania, and Uganda. Past exploration has taken place in Ethiopia, Kenya, Zambia, and Zimbabwe.

S&P Global says that East Africa in particular could be the new hub for graphite projects in a bid to diversify supply opportunities away from the world’s largest producer, China. Historically, most graphite has been mined and processed in China. The country produced an estimated 820,000Mt of graphite in 2021, around 79% of total global output, according to the US Geological Survey.

With a proven history of graphite discovery and production, it is not surprising that Africa is attracting a good deal of new investment.

They have no choice other than Africa.