What is the future demand for graphite

The global graphite market size was USD 13.60 billion in 2020 and is projected to grow from USD 14.83 billion in 2021 to USD 25.70 billion in 2028 at a CAGR of 8.2% during the 2021-2028 period. Silicon batteries are lithium-ion batteries tricked out with silicon to replace Graphite. Graphite has long been the go-to material for lithium-ion batteries. Still, silicon offers the allure of longer life, faster charging times, and lower costs compared to conventional lithium-ion batteries. Graphite-based anode materials undergo electrochemical reactions, coupling with mechanical degradation during battery operation, which can dramatically affect or deteriorate the performance of Li-ion batteries and even lead to battery failure in electric vehicles. The largest known graphite deposit in the United States is the Graphite Creek deposit in Alaska. Recent industry exploration has identified a measured and indicated resource of more than 10 million metric tons of ore with 7.8 to 8 per cent graphite. Most natural Graphite was imported from China (26%), India (25%), Mexico (19%), and Canada (13%). Siri Lanka was the only source for lump and chip natural graphite imports, accounting for 0.8% of total natural graphite imports. The Graphite Market is expected to reach over 2,800 kilotons by the end of this year and is projected to register a CAGR of over 4.5% during the forecast period. Although Graphite is not particularly rare, good Graphite crystals are uncommon. Well-known worldwide localities for Graphite are Pargas, Finland; Mount Vesuvius, Italy; Borrowdale, Cumbria, England; and Mont Saint-Sauveur, Quebec, Canada. If you are looking for high quality, high purity and cost-effective graphite, or if you require the latest price of graphite, please feel free to email contact mis-asia.