Just a few hours ago, Volkswagen fired its CEO for slow progress on its electric vehicle push, assuring its investors it will accelerate its move to electric.All underlined by a statement last week from US Energy Secretary Jennifer Granholm saying the US will back miners to stop China's “weaponisation” of battery materials.Graphite makes up 28% of an EV lithium ion battery by weight.It comprises 95% of a battery’s anode and cannot be substituted.As such, graphite demand is expected to be five times greater than current levels by 2050.Such is its importance - graphite is on the strategic critical mineral list of the US, European Union, Japan, India and Australia.
Just a few hours ago, Volkswagen fired its CEO for slow progress...
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