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    DJ Graphite Prices Seen Rising as Market Heads for Shortfall -- Market Talk

    27 Mar 2023 12:18:38


    0118 GMT - Graphite demand could rise by a compound annual growth rate of 27% to 2030, pushing prices as much as 50% higher than current levels, Macquarie analysts say in a note. Graphite, currently used in all lithium-ion battery chemistry, should be in a market deficit by 2025, say the analysts. While graphite supply is expected to double over the next decade, led by Africa, "given demand growth, we believe a [more than] 300% increase in production is required to balance the market," they say. They forecast the price for natural graphite fines--sub100 mesh--to rise from $800/metric ton in 2023 to $850/t in 2024 and to more than $1,000/ton by 2026. ([email protected]; @RhiannonHoyle)


    (END) Dow Jones Newswires
 
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