Tirupati Graphite said it expects to benefit from an anticipated boost in graphite prices and demand due to China’s export restrictions and global supply shortfalls. Here’s what the graphite, graphene and advanced-materials company had to say:
On graphite demand:
“By 2025, demand for graphite is expected to exceed supply and demand is expected to continue to outpace production growth until well into the next decade as the automotive industry ramps up electric vehicle production.
“Tirupati also expects that ex-China consumers of flake graphite in energy transition sectors and others shall progress their efforts to secure ex-China supply sources for their flake graphite needs to mitigate increasing geopolitical risk surrounding it and other critical minerals.”
On prices:
“Tirupati expects the combination of increasing demand and supply shortfalls, alongside China’s export restrictions, to have a positive impact on graphite prices which have fallen since the start of 2023.”
On supply:
“The global dependence for graphite on China, a key component of the electric vehicle revolution, is a cause of growing concern for international customers as supply becomes increasingly constrained.”
“Western governments have initiated support for critical minerals projects, but it could be expected that policies of this nature as announced by China will further concentrate their focus on projects offering sustainable alternatives to diversify and improve security of supply of the minerals critical to the energy transition such as natural graphite.”
Write to Christian Moess Laursen at christian.moess@wsj.com
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