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to boost supply of ex-China graphite for batteries","madagascar-to-boost-supply-of-ex-china-graphite-for-batteries","article/madagascar-to-boost-supply-of-ex-china-graphite-for-batteries",{"_uid":557,"date":558,"tags":559,"editor":563,"content":573,"excerpt":741,"featured":50,"reporter":742,"_editable":746,"component":747,"seo_title":553,"categories":748,"visibility":755,"author_company":49,"featured_image":756,"seo_description":741,"author_full_name":49,"author_job_title":49,"formattedDate":760,"formattedArticleDate":761},"a33e1730-b932-4cab-b3d1-e30ffa6f5e1e","2023-03-09 00:00",[560],{"slug":561,"name":562},"madagascar","Madagascar",[564],{"slug":565,"name":566,"content":567},"didi-bostock","Didi Bostock",{"job_title":568,"image":569,"bio":571,"linkedin":572},"Editor - Energy Transition & Economics",{"filename":570},"https://a.storyblok.com/f/287943243085208/512x512/2c5ca5c1a3/didi-bostock.jpeg","Didi is the Energy Transition & Economics Editor at Benchmark, covering a broad range of markets across the energy transition. His remit spans from downstream sectors such as BESS and EVs, through to midstream such as new technologies and battery production, to upstream critical minerals mining. He also leads on financial analysis across these supply chains, alongside in-depth policy analysis.\n","https://www.linkedin.com/in/didi-bostock-656342198/",{"type":574,"content":575},"doc",[576,593,598,610,615,620,625,634,641,662,667,672,677,682,687,692,699,704,709,714,721,726,731,736],{"type":577,"attrs":578,"content":579},"paragraph",{"textAlign":49},[580,583,591],{"text":581,"type":582},"Madagascar is set to become a key supplier of graphite for electric vehicles, with supply set to double in the next six years from new mining projects, helping to reduce China’s ","text",{"text":584,"type":582,"marks":585},"dominance",[586],{"type":587,"attrs":588},"link",{"href":589,"uuid":49,"anchor":49,"target":49,"linktype":590},"https://source.benchmarkminerals.com/article/flake-graphite-production-in-africa-set-to-overtake-china-this-decade","url",{"text":592,"type":582}," of production. ",{"type":577,"attrs":594,"content":595},{"textAlign":49},[596],{"text":597,"type":582},"Last month Tirupati Graphite began processing flake graphite at its Sahamamy facility in the country, while Canadian-listed NextSource Materials said it had completed construction of a graphite processing plant at its Molo project.",{"type":577,"attrs":599,"content":600},{"textAlign":49},[601,603,608],{"text":602,"type":582},"The announcements highlight the accelerated development of the graphite value chain in Madagascar, which has become an increasingly important source of flake graphite material ",{"text":604,"type":582,"marks":605},"outside of China",[606],{"type":587,"attrs":607},{"href":589,"uuid":49,"anchor":49,"target":49,"linktype":590},{"text":609,"type":582},". ",{"type":577,"attrs":611,"content":612},{"textAlign":49},[613],{"text":614,"type":582},"Flake graphite supply from the country is expected to more than double from 2023 to 2028 to over 30,000 tpa, according to Benchmark’s Flake Graphite Forecast.",{"type":577,"attrs":616,"content":617},{"textAlign":49},[618],{"text":619,"type":582},"“This is the beginning of a new wave of graphite mines entering the market,” George Miller, an analyst at Benchmark, said. “These mines are no longer being built with the refractory and foundry industry in mind but instead being oriented towards the battery industry to feed the lithium ion growth story.” ",{"type":577,"attrs":621,"content":622},{"textAlign":49},[623],{"text":624,"type":582},"“It’s really the beginning of a new growth cycle for graphite in Madagascar, which is crucial to bringing new supply to feed the rapidly growing anode value chain,” he said. ",{"type":577,"attrs":626,"content":627},{"textAlign":49},[628],{"type":629,"attrs":630},"image",{"id":49,"alt":631,"src":632,"title":49,"source":49,"copyright":49,"meta_data":633},"","https://a.storyblok.com/f/287943243085208/6bf671ccf6/bm-africas-big-three-graphite.jpg",{},{"type":635,"attrs":636,"content":638},"heading",{"level":637,"textAlign":49},4,[639],{"text":640,"type":582},"Wanted: graphite outside of China",{"type":577,"attrs":642,"content":643},{"textAlign":49},[644,646,652,654,660],{"text":645,"type":582},"China currently dominates the current ",{"text":647,"type":582,"marks":648},"flake graphite and anode markets",[649],{"type":587,"attrs":650},{"href":651,"uuid":49,"anchor":49,"target":49,"linktype":590},"https://source.benchmarkminerals.com/video/watch/analyst-insights-natural-flake-graphites-lithium-ion-moment",{"text":653,"type":582},", producing three fifths of the world’s flake graphite ",{"text":655,"type":582,"marks":656},"last year",[657],{"type":587,"attrs":658},{"href":659,"uuid":49,"anchor":49,"target":49,"linktype":590},"https://source.benchmarkminerals.com/article/thriving-battery-anode-market-drives-demand-for-natural-flake-graphite-2022-in-review",{"text":661,"type":582},", according to Benchmark. ",{"type":577,"attrs":663,"content":664},{"textAlign":49},[665],{"text":666,"type":582},"But the country became a net importer in 2019 and its imports from Africa are growing, rising by 200% between January and October 2022, compared to the same period in 2021.",{"type":577,"attrs":668,"content":669},{"textAlign":49},[670],{"text":671,"type":582},"In addition, automakers outside of China are keen to lock in supply from Africa amid limited availability, according to Benchmark. ",{"type":577,"attrs":673,"content":674},{"textAlign":49},[675],{"text":676,"type":582},"Last month Australian graphite project developer, Magnis Energy, signed a binding offtake agreement with Tesla, for the supply of natural graphite anode material for a minimum of three years at a fixed price. ",{"type":577,"attrs":678,"content":679},{"textAlign":49},[680],{"text":681,"type":582},"Under the agreement, Tesla plans to buy a minimum of 17,500 tpa of active anode material starting from February 2025, with an option to increase the supply agreement volume up to 35,000 tpa.",{"type":577,"attrs":683,"content":684},{"textAlign":49},[685],{"text":686,"type":582},"Companies such as NextSource are aiming to produce graphite anode material “decoupled from Asian supply chains.” ",{"type":577,"attrs":688,"content":689},{"textAlign":49},[690],{"text":691,"type":582},"Output of flake graphite from Madagascar, Mozambique and Tanzania, is set to reach over 730kt by 2025, according to Benchmark’s Flake Graphite Forecast.",{"type":635,"attrs":693,"content":694},{"level":637,"textAlign":49},[695,697],{"text":696,"type":582},"Tirupati advances",{"text":698,"type":582}," Madagascar project",{"type":577,"attrs":700,"content":701},{"textAlign":49},[702],{"text":703,"type":582},"UK-listed Tirupati Graphite said last month the newly built Sahamamy project has an annual capacity to produce 18,000 tonnes a year of flake graphite. ",{"type":577,"attrs":705,"content":706},{"textAlign":49},[707],{"text":708,"type":582},"Along with the capacity it has at its Vatomina project in the country, Tirupati’s Madagascan operations have a total flake concentrate nameplate production capacity of 30,000 tpa.",{"type":577,"attrs":710,"content":711},{"textAlign":49},[712],{"text":713,"type":582},"Tirupati has further plans to vertically integrate its operations through its graphite processing plant in Patalganga, India.",{"type":635,"attrs":715,"content":716},{"level":637,"textAlign":49},[717,719],{"text":718,"type":582},"NextSource ",{"text":720,"type":582},"targets ex-China value chain",{"type":577,"attrs":722,"content":723},{"textAlign":49},[724],{"text":725,"type":582},"Canada’s NextSource said last month it has completed the construction of the processing plant and mining camp for the it’s Molo Graphite Mine in Madagascar and it is fast approaching first production. ",{"type":577,"attrs":727,"content":728},{"textAlign":49},[729],{"text":730,"type":582},"The company aims to have a nameplate production capacity of 17,000 tonnes a year of flake graphite in the first phase.",{"type":577,"attrs":732,"content":733},{"textAlign":49},[734],{"text":735,"type":582},"Last month, NextSource Materials also announced plans to vertically integrate its operations through the development of an anode material facility, located in Mauritius. ",{"type":577,"attrs":737,"content":738},{"textAlign":49},[739],{"text":740,"type":582},"Mauritius would be the first of such plants and expected to produce commercial volumes of coated, spherical and purified graphite (CSPG), primarily targeting supply to Japanese and South Korean customers, as well as qualification material to global automakers.","Madagascar is set to become a key supplier of graphite for electric vehicles, with supply set to double in the next six years from new mining projects, helping to reduce China’s dominance of production. Last month Tirupati Graphite began processing flake graphite at its Sahamamy facility in the country, while Canadian-listed NextSource Materials said it […]",[743],{"slug":565,"name":566,"content":744},{"job_title":568,"image":745,"bio":571,"linkedin":572},{"filename":570},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"a33e1730-b932-4cab-b3d1-e30ffa6f5e1e\", \"id\": \"\"}-->","article",[749,752],{"slug":750,"name":751},"batteries","Batteries",{"slug":753,"name":754},"graphite","Graphite","private",{"id":49,"alt":631,"name":631,"focus":631,"title":631,"source":631,"filename":757,"copyright":631,"fieldtype":758,"meta_data":759,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/911a0e51e1/bm-tirupati-graphite-1.jpg","asset",{"alt":631,"title":631,"source":631,"copyright":631},"Mar 09, 2023","9th March 2023",[],[],1792688584317]