https://www.miningnewsnorth.com/story/2023/09/14/critical-minerals-alliances-2023/graphite-demand-outpaces-ev-sales/8097.htmlIncreases in graphite demand will be predominantly driven by its use as the anode active material in batteries for EVs and stationary energy storage systems," the U.S. Department of Energy penned in its 2023 Critical Materials Assessment.
The demand for graphite is expected to outpace the number of new electric cars, trucks, vans, and SUVs hitting global highways as the nascent EV sector matures, according to Adamas Intelligence's biannual "State of Charge" report published in March.
