The global community must have access to graphite supply outside of China. At the moment, China controls 70% to 80% of the world’s graphite supply, according to Northern Graphite. China also makes almost 100% of the graphite anode material critical for lithium batteries and electric vehicles. To secure supply outside of the region, the U.S. and the European Union have named graphite a supply critical material. The USGS for example includes graphite on its list of 35 minerals and metals considered critical to the United States.
After all, graphite production needs to more than double over the next five years, according to Northern Graphite, to meet the demands of lithium ion batteries and auto companies. Graphite is a key component of the green economy, for use in lithium ion batteries, fuel cells, grid storage, and many other key technologies.