The electric vehicle market shows no signs of slowing and has created further demand for metals like graphite. Graphite is essential for producing the anode of lithium-ion batteries used in electric vehicles and energy storage (8). According to CNBC, the world could see about 125 million EVs on the road by 2030, suggesting we need enormous graphite (4). Graphite is the “new oil.” The decarbonization of the energy storage and transportation sectors is quickly gaining momentum worldwide (5). According to the World Bank, graphite output needs to increase by roughly 500% by 2050 to meet the demand of the battery metals market (6).
Considering the demand for Graphite, Graphite One (TSXV:GPH) (OTC:GPHOF) is a small-cap company that warrants attention. Graphite One is a graphite company in the midst of developing its Graphite One Project. This project could help the company evolve into a major American producer of high-grade Coated Spherical Graphite (CSG) integrated with a domestic graphite resource. The Graphite One Project is proposed as a vertically integrated enterprise to mine, process, and manufacture high-grade CSG. Primarily, it would be used for the lithium‐ion electric vehicle battery market. As outlined in Graphite One’s Preliminary Economic Assessment, potential graphite mineralization mined from its Graphite Creek Property is expected to be processed into concentrate at a graphite processing plant. The proposed processing plant would be located on the Graphite Creek Property situated on the Seward Peninsula about 60 kilometers north of Nome, Alaska.
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This could be just the beginning of this company’s story on its mission to transform a graphite market expected to balloon to $29.5 billion by 2022 (2). Some of the other companies in the graphite stocks category include Syrah Resources Limited (OTCMKTS: SYAAF), NextSource Materials Inc (OTCMKTS: NSRCF), Talga Group Ltd (OTCMKTS: TLGRF), Magnis Energy Technologies Ltd (ASX: MNS), Gratomic Inc (OTCMKTS: CBULF), Nouveau Monde Graphite Inc (NYSE: NMG), Leading Edge Materials Corp (OTCMKTS: LEMIF), Graphex (OTCMKTS: GRFXY). As always, conduct your due diligence and follow the trader’s vigilance.
Sources: Title source a) https://www.graphiteoneinc.com/news/news-display/index.php?content_id=333. Source 2: https://www.marketsandmarkets.com/Market-Reports/graphite-market-120270209.html. Source 4: https://www.cnbc.com/2018/05/30/electric-vehicles-will-grow-from-3-million-to-125-million-by-2030-iea.html. Source 5: https://www.linkedin.com/pulse/graphite-new-oil-andrew-thake. Source 6: https://www.oilandgas360.com/graphite-supply-needs-to-increase-nearly-500-percent-by-2050/. Source 8: https://www.baystreet.ca/stockstowatch/9773/The-Electric-Vehicle-Market-is-Running-Short-of-these-Essential-Metals
