It takes $20 of iron ore, $561 or natural gas and $171 of energy to make 1 ton of graphite ($700), 227kg's of hydrogen ($454) and 30 GJ of hydrogen enriched natural gas ($192)
Inputs to make 1 ton of graphite and byproducts costs $752
The related outputs are worth $1346 therefore giving a margin of $594
If you were to consider this as a graphite process then the price to produce a ton of graphite after co credits is $158, no miner can come close to that, not even in the same ball park
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