I wouldn’t discount Europe.
“The EU will rely heavily on international partners to meet critical minerals diversification targets under its Critical Raw Materials Act (CRMA), which entered into force on 23 May 2024. According to the CRMA, the EU should source no more than 65% of its annual consumption of each strategic raw material from any single non-EU country.” (Benchmark Source)
How many EU countries are forecast to produce PSG?
“For spherical graphite, Sweden is the only member state forecast to produce any of the material through to 2040.” (Benchmark Source)
Australia and the EU signed an MOU only days after the CRMA came into effect.
“The memorandum of understanding (MOU) between Australia and the European Union will see the 2 collaborate on the future supply of sustainable critical minerals. Australian products, with their high ESG standards are ideal to supply the EU market.”
https://source.benchmarkminerals.com/article/eu-needs-international-partners-for-critical-minerals-diversification
https://source.benchmarkminerals.com/article/sweden-is-only-eu-member-set-to-produce-spherical-graphite-by-2030
https://www.industry.gov.au/news/australia-and-european-union-partner-critical-minerals
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