Natural graphite remains important in the West but synthetic still holds greater share

Although synthetic graphite is the preferred feedstock for the large majority of cells in all regions, the strength of this preference varies notably region-by-region. Outside of China, natural graphite still holds a notable 22% of traditional anode demand compared to 8% within China. Moving to 2030, outside of China natural graphite’s share is set to fall only slightly to 20% whilst in China it is set to remain around the 8% mark.