Gratomic Incorporation (OTCQX: CBULF) (FSE: CB28) (TSX-V: GRAT) (“Gratomic” or the “Company”) released a report indicating that the price of global natural graphite pricing has increased tremendously over the last year as demand continues to outstrip supply. The demand for graphite looks to continue beating the supply as the electric vehicle market experiences rapid growth.
Benchmark Mineral Intelligence also revealed that graphite prices have continued to increase steadily since January 2021 on all types of graphite. Fines also increased by 44.50%, from USD $500/ton in January 2021 to USD $723/ton in May 2022. Spherical graphite rose by 8.39% from USD 2,958/ton to USD $3207/ton, while large flake graphite increased by 19.85% from USD $983/ton to USD $1,187/ton in the same time frame of January 2021 to May 2022.
There was also about 35.56% increase in -100 mesh, 90-93% Cg while there was a 51.82% increase in -100 mesh, 94-95% Cg, major graphite used in the electric vehicle li-ion battery industry because it is reflective of the specific graphite size that is needed for anode production. Another criterion that outlined the overall graphite from January 2021 to today is the Anode Grade Graphite Over Time Chart price increase. This chart showed that 90-93% Cg increased from USD $450/ton in January 2021 to USD $610/ton in May 2022. Over the same period, the 94-95% Cg graphite also increased from USD $550/ton to USD $835/ton.
The article by Priscilla Berrara that was published in January 2022 by Investor News Network (INN) stated, “Benchmark Mineral Intelligence data shows demand for natural graphite from the battery segment amounted to 400,000 tonnes in 2021, with that number expected to scale up to 3 million tonnes by 2030. Demand for synthetic graphite came to about 300,000 tonnes in 2021 and is expected to increase to 1.5 million tonnes by 2030.”
According to the article, the stage is set for an increase in graphite demand over time because graphite is the second-largest component by weight of a li-ion battery and only specific types of natural graphite can be used in li-ion battery production.
Featured Image: Megapixl © Tomas111
