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Mid-Nickel",103.5,99.73,3.78,13.78,6.78,[518,519,520,522,524,526,528,530,532,534,536,538],{"date":213,"value":512},{"date":216,"value":513},{"date":219,"value":521},99.19,{"date":222,"value":523},96.02,{"date":225,"value":525},98.23,{"date":467,"value":527},99.24,{"date":329,"value":529},101.29,{"date":339,"value":531},87.61,{"date":341,"value":533},92.44,{"date":344,"value":535},90.96,{"date":347,"value":537},92.24,{"date":350,"value":539},95.09,{"id":541,"uuid":542,"name":543,"slug":544,"full_slug":545,"content":546,"relatedArticles":746,"relatedVideos":747},112471071390017,"36cf8334-d0b0-4595-8921-6f8ceb414a1c","Natural graphite prices fall by 20% on China supply increase","natural-graphite-prices-fall-by-20-on-china-supply-increase","article/natural-graphite-prices-fall-by-20-on-china-supply-increase",{"_uid":547,"date":548,"tags":549,"editor":553,"content":563,"excerpt":725,"featured":51,"reporter":726,"_editable":730,"component":731,"seo_title":543,"categories":732,"visibility":739,"author_company":49,"featured_image":740,"seo_description":725,"author_full_name":49,"author_job_title":49,"formattedDate":744,"formattedArticleDate":745},"6e446989-da46-438b-95db-228c2c1d3257","2023-07-14 00:00",[550],{"slug":551,"name":552},"graphite-prices","Graphite prices",[554],{"slug":555,"name":556,"content":557},"matthew-bird","Matthew Bird",{"job_title":558,"image":559,"bio":561,"linkedin":562},"Senior Editor - Supply Chains & Data Visualisation",{"filename":560},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":564,"content":565},"doc",[566,591,604,609,614,619,632,641,648,653,658,663,668,676,681,686,695,700,712],{"type":567,"attrs":568,"content":569},"paragraph",{"textAlign":49},[570,573,581,583,589],{"text":571,"type":572},"Prices for ","text",{"text":574,"type":572,"marks":575},"natural graphite material used in batteries",[576],{"type":577,"attrs":578},"link",{"href":579,"uuid":49,"anchor":49,"target":49,"linktype":580},"https://source.benchmarkminerals.com/video/watch/analyst-insights-natural-flake-graphites-lithium-ion-moment","url",{"text":582,"type":572}," have fallen by over 20% this year, due to growth in ",{"text":584,"type":572,"marks":585},"supply in China",[586],{"type":577,"attrs":587},{"href":588,"uuid":49,"anchor":49,"target":49,"linktype":580},"https://source.benchmarkminerals.com/article/infographic-chinas-lithium-ion-battery-supply-chain-dominance",{"text":590,"type":572},", the world’s largest producer, and slower sales of electric vehicles.",{"type":567,"attrs":592,"content":593},{"textAlign":49},[594,596,602],{"text":595,"type":572},"The largest price drops were seen for the finer grade sizes used in anodes, with prices for Chinese -100 sized 94-95% C sold into markets outside of China dropping 7% to $640 per tonne, the largest drop since October 2019, according to ",{"text":597,"type":572,"marks":598},"Benchmark’s Natural Graphite Price Assessment",[599],{"type":577,"attrs":600},{"href":601,"uuid":49,"anchor":49,"target":49,"linktype":580},"https://www.benchmarkminerals.com/price-assessments/natural-graphite",{"text":603,"type":572},".",{"type":567,"attrs":605,"content":606},{"textAlign":49},[607],{"text":608,"type":572},"The equivalent grade sold in China fell by 3% last month to RMB 4,550 ($637) per tonne, and has dropped 21% this year so far.",{"type":567,"attrs":610,"content":611},{"textAlign":49},[612],{"text":613,"type":572},"The fall in graphite prices puts increasing pressure on graphite miners, and comes as anode manufacturers report plentiful raw material inventories, especially in China. ",{"type":567,"attrs":615,"content":616},{"textAlign":49},[617],{"text":618,"type":572},"As a result there was limited procurement of natural flake graphite in June, according to Benchmark. ",{"type":567,"attrs":620,"content":621},{"textAlign":49},[622,624,630],{"text":623,"type":572},"“Healthy midstream inventories meant consumers were able to negotiate lower prices or else delay purchasing altogether,” ",{"text":625,"type":572,"marks":626},"Adam Megginson",[627],{"type":577,"attrs":628},{"href":629,"uuid":49,"anchor":49,"target":49,"linktype":580},"https://source.benchmarkminerals.com/video/watch/analyst-insights-coke-prices-and-the-state-of-the-synthetic-graphite-market",{"text":631,"type":572},", an analyst at Benchmark, said. “Prices for finer mesh material fell the most as this is the preferred feedstock for anode material manufacturers who were under the least pressure to procure additional material.”",{"type":567,"attrs":633,"content":634},{"textAlign":49},[635],{"type":636,"attrs":637},"image",{"id":49,"alt":638,"src":639,"title":49,"source":49,"copyright":49,"meta_data":640},"Benchmark's Flake Graphite Price Index has fallen 23% so far this year","https://a.storyblok.com/f/287943243085208/38bc3a487f/bm-natural-graphite-price-index.png",{},{"type":642,"attrs":643,"content":645},"heading",{"level":644,"textAlign":49},4,[646],{"text":647,"type":572},"China’s robust graphite supply",{"type":567,"attrs":649,"content":650},{"textAlign":49},[651],{"text":652,"type":572},"Increased supply of natural graphite is putting pressure on the market. According to Benchmark estimates, global flake graphite production increased by 8.3% last month.",{"type":567,"attrs":654,"content":655},{"textAlign":49},[656],{"text":657,"type":572},"In particular, there is strong supply from Heilongjiang province in China. A total of 60% of global production of -100 flake graphite, the grade typically used for battery applications, will occur in the province this year, according to Benchmark’s Natural Graphite Forecast.",{"type":567,"attrs":659,"content":660},{"textAlign":49},[661],{"text":662,"type":572},"A combination of sluggish demand for natural graphite from anode makers and strong inventories have put further downward pressure on prices.",{"type":567,"attrs":664,"content":665},{"textAlign":49},[666],{"text":667,"type":572},"The 6.98% drop in Chinese flake graphite sold into markets outside of China was also due to the weakening of the Chinese currency against the US dollar. ",{"type":567,"attrs":669,"content":670},{"textAlign":49},[671],{"type":636,"attrs":672},{"id":49,"alt":673,"src":674,"title":49,"source":49,"copyright":49,"meta_data":675},"","https://a.storyblok.com/f/287943243085208/c07606aa1d/bm-natural-graphite-prices-1.png",{},{"type":567,"attrs":677,"content":678},{"textAlign":49},[679],{"text":680,"type":572},"On the back of these falling prices, graphite producers have reported to Benchmark that their margins are being squeezed as production costs are reaching near parity with prices.",{"type":567,"attrs":682,"content":683},{"textAlign":49},[684],{"text":685,"type":572},"In March, Australia’s Syrah Resources said it would “moderate production” from its Balama mine in Mozambique “until demand conditions and sales orders at economic prices warrant higher capacity utilisation.”",{"type":567,"attrs":687,"content":688},{"textAlign":49},[689,691,693],{"text":690,"type":572},"In China, high operational costs, compounded by low grade ore",{"text":692,"type":572},"and poor recovery rates at mining operations in Luobei county are",{"text":694,"type":572},"pushing production costs to reach near parity with prevailing market prices, minimising profit margins for flake graphite producers.",{"type":567,"attrs":696,"content":697},{"textAlign":49},[698],{"text":699,"type":572},"The squeeze is being felt further downstream too. Uncoated spherical graphite prices fell 4.7% last month as anode makers continue to work through their inventory.",{"type":567,"attrs":701,"content":702},{"textAlign":49},[703,705,711],{"text":704,"type":572},"Although natural graphite prices are falling, so too are prices for synthetic graphite feedstock. This month saw Benchmark’s ",{"text":706,"type":572,"marks":707},"low energy synthetic graphite anode price fall below that of its natural graphite equivalent",[708],{"type":577,"attrs":709},{"href":710,"uuid":49,"anchor":49,"target":49,"linktype":580},"https://source.benchmarkminerals.com/article/synthetic-graphite-anode-prices-fall-20-this-year-putting-pressure-on-natural-graphite",{"text":603,"type":572},{"type":567,"attrs":713,"content":714},{"textAlign":49},[715,717,723],{"text":716,"type":572},"“This could prompt anode manufacturers to opt for more synthetic graphite feedstock, until natural restores its price advantage,” Megginson said. “This restoration could take a while as substantial new s",{"text":718,"type":572,"marks":719},"ynthetic graphite",[720],{"type":577,"attrs":721},{"href":722,"uuid":49,"anchor":49,"target":49,"linktype":580},"https://source.benchmarkminerals.com/article/five-reasons-western-automakers-face-a-synthetic-graphite-problem",{"text":724,"type":572}," supply continues to come online.”","Prices for natural graphite material used in batteries have fallen by over 20% this year, due to growth in supply in China, the world’s largest producer, and slower sales of electric vehicles. The largest price drops were seen for the finer grade sizes used in anodes, with prices for Chinese -100 sized 94-95% C sold […]",[727],{"slug":555,"name":556,"content":728},{"job_title":558,"image":729,"bio":561,"linkedin":562},{"filename":560},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"6e446989-da46-438b-95db-228c2c1d3257\", \"id\": \"\"}-->","article",[733,736],{"slug":734,"name":735},"critical-minerals","Critical Minerals",{"slug":737,"name":738},"graphite","Graphite","private",{"id":49,"alt":673,"name":673,"focus":673,"title":673,"source":673,"filename":741,"copyright":673,"fieldtype":742,"meta_data":743,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/25af869a6b/bm-6.jpeg","asset",{"alt":673,"title":673,"source":673,"copyright":673},"Jul 14, 2023","14th July 2023",[],[],1782484959876]