This image is randomly selected and doesn’t necessarily represent the company or the news below.


Green Battery Minerals (GEM.V) reports on China’s recent announcement of stricter graphite export rules. This could potentially disrupt the supply of anode-grade graphite for lithium-ion batteries (LIBs), crucial for electric vehicles (EVs).

Graphite Demand in EVs

LIBs power most EVs. With increasing government regulations and consumer pressure, EV demand is set to skyrocket. By 2030, over 30 million EVs are expected to be sold annually, rising to 45 million by 2045. Graphite, not lithium, is the largest constituent of these batteries by weight. Each new EV requires approximately 160 lbs of graphite.

Projected Graphite Shortage

If all EVs were to use graphite-based anodes in 2030, around 4.8 million tonnes of anode-quality graphite would be needed. This figure rises to 7.2 million tonnes by 2045. With global graphite production in 2022 at ~1.3 million tonnes, new mines are essential to meet demand. Benchmark Source, a supply chain consultancy, projects that 97 new graphite mines are needed.

China’s Role in Global Graphite Production

China currently accounts for 61% of global graphite mining production and dominates the processing of anode-quality graphite with a 90% market share. China’s potential clampdown on graphite exports could compromise the LIB supply chain.

Green Battery Minerals’ Position

Green Battery Minerals, a Canadian company, is focused on developing its Berkwood graphite property in Quebec, one of the best prospects globally for anode-quality graphite production. The company is working with Volt Carbon on upscaling Volt’s proprietary dry separation technology, which promises a significant reduction in operating costs and strengthens GEM’s competitive position.

Innovation and Green Credentials

GEM and its UK technology partner are developing prototype batteries based on graphene, a derivative of graphite. The company’s green credentials, including its project’s road accessibility and less waste rock production, further strengthen its position.

Conclusion

The EV revolution is expected to cause significant shortfalls in the supply of critical minerals like graphite. Green Battery Minerals is well-positioned to capitalize on this opportunity through the development of its Berkwood property and its potential for significant competitive differentiation.

Company Website: https://www.greenbatteryminerals.com

Source

Disclaimer:
The content presented on this page has not been manually verified by our team. While we strive to ensure accuracy, we cannot guarantee the validity, completeness, or timeliness of the information provided. Always consult with appropriate professionals or sources before making any decisions based on this content.

Click here for more Company News