I also think its worth mentioning that not all natural graphite should be considered equal and NVX likes to compare itself against graphite concentrate which is more like the PetCoke of natural graphite.
If you compare it to actual natural spherical graphite which is the end product used in EV batteries the results would be less drastic.
NVX also claims natural graphite has an efficiency of 90% yet EGR is a natural graphite company(that doesn't use HF acid) and their studies show they out beat NVX 1st cycle efficiency.
I also think its worth mentioning that not all natural graphite...
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