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graphite prices close gap with natural as tolling fees fall","synthetic-graphite-prices-close-gap-with-natural-as-tolling-fees-fall","article/synthetic-graphite-prices-close-gap-with-natural-as-tolling-fees-fall",{"_uid":557,"date":558,"tags":559,"editor":563,"content":573,"excerpt":685,"featured":50,"reporter":686,"_editable":690,"component":691,"seo_title":553,"categories":692,"visibility":698,"author_company":49,"featured_image":699,"seo_description":685,"author_full_name":49,"author_job_title":49,"formattedDate":704,"formattedArticleDate":705},"00695fc5-acae-45b3-8b0e-4524bab63b78","2023-03-23 00:00",[560],{"slug":561,"name":562},"china","China",[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",[576,583,588,603,608,613,620,633,638,643,648,653,658,663,670,675,680],{"type":577,"attrs":578,"content":579},"paragraph",{"textAlign":49},[580],{"text":581,"type":582},"Prices for high energy synthetic graphite anodes have fallen by 8% this year, making them more competitive against natural graphite products, and helping to further lower battery cell costs for automakers. ","text",{"type":577,"attrs":584,"content":585},{"textAlign":49},[586],{"text":587,"type":582},"Continued investment into production capacity, falling feedstock costs, and a 59% fall in graphitisation tolling fees since last summer has all hit prices for synthetic graphite anodes used in electric vehicles, according to Benchmark. ",{"type":577,"attrs":589,"content":590},{"textAlign":49},[591,593,601],{"text":592,"type":582},"The premium for high energy ",{"text":594,"type":582,"marks":595},"synthetic graphite anodes",[596],{"type":597,"attrs":598},"link",{"href":599,"uuid":49,"anchor":49,"target":49,"linktype":600},"https://source.benchmarkminerals.com/article/could-flake-graphite-bottlenecks-push-automakers-to-synthetic","url",{"text":602,"type":582}," over natural graphite anodes has fallen to just RMB 10,000 a tonne ($1,453) from RMB 17,500 a tonne ($2,543) in December 2021. ",{"type":577,"attrs":604,"content":605},{"textAlign":49},[606],{"text":607,"type":582},"The fall in synthetic graphite prices is likely to put further pressure on anode producers, as battery cell manufacturers work through inventory amid weak EV demand, or look to negotiate lower purchasing prices under cost pressure from automakers. ",{"type":577,"attrs":609,"content":610},{"textAlign":49},[611],{"text":612,"type":582},"Coming alongside cheaper lithium, cobalt and nickel prices, it will also help lower overall lithium ion battery cell costs. Anodes can account for around 6% of the bill of materials costs of lithium ion batteries. ",{"type":614,"attrs":615,"content":617},"heading",{"level":616,"textAlign":49},4,[618],{"text":619,"type":582},"Rush to build capacity",{"type":577,"attrs":621,"content":622},{"textAlign":49},[623,625,631],{"text":624,"type":582},"China ",{"text":626,"type":582,"marks":627},"dominates global anode production",[628],{"type":597,"attrs":629},{"href":630,"uuid":49,"anchor":49,"target":49,"linktype":600},"https://source.benchmarkminerals.com/article/infographic-chinas-lithium-ion-battery-supply-chain-dominance",{"text":632,"type":582},", and is set to produce 90% of supply by the end of this decade, mostly from synthetic graphite. ",{"type":577,"attrs":634,"content":635},{"textAlign":49},[636],{"text":637,"type":582},"But the anode market in the country is becoming increasingly saturated with Tier 2 and Tier 3 producers, increasing competition and pushing down prices, especially for low and medium energy synthetic graphite anodes used in ESS and consumer electronics.",{"type":577,"attrs":639,"content":640},{"textAlign":49},[641],{"text":642,"type":582},"That capacity buildout has continued this year, on hopes of a recovery in China’s EV market this year. ",{"type":577,"attrs":644,"content":645},{"textAlign":49},[646],{"text":647,"type":582},"While production from Tier 3 anode producers in China grew by 18% year-over-year between 2021 and 2022, it is expected to increase by 385% this year compared to 2022, according to Benchmark’s Anode Forecast. ",{"type":577,"attrs":649,"content":650},{"textAlign":49},[651],{"text":652,"type":582},"“The resulting downstream pressure on synthetic graphite production costs, combined with lower coke feedstock prices and falling graphitisation tolling fees, has weighed on synthetic graphite anode pricing more substantially than natural graphite anode pricing,” Adam Megginson, an analyst at Benchmark, said. ",{"type":577,"attrs":654,"content":655},{"textAlign":49},[656],{"text":657,"type":582},"A number of players have developed their own in-house graphitisation capacity following tight availability of third-party capacity throughout 2021 and early 2022. ",{"type":577,"attrs":659,"content":660},{"textAlign":49},[661],{"text":662,"type":582},"These companies are also increasingly using high sulphur coke as feedstock, which is cheaper. ",{"type":614,"attrs":664,"content":665},{"level":616,"textAlign":49},[666,668],{"text":667,"type":582},"Graphitisation ",{"text":669,"type":582},"fees fall",{"type":577,"attrs":671,"content":672},{"textAlign":49},[673],{"text":674,"type":582},"Anode producers without their own graphitisation plants need to pay others to carry out the energy-intensive process, but there is currently overcapacity in the market. ",{"type":577,"attrs":676,"content":677},{"textAlign":49},[678],{"text":679,"type":582},"Tolling fees for graphitisation have tumbled since reaching record highs last May, as anode producers have moved to develop their own in-house capacity. ",{"type":577,"attrs":681,"content":682},{"textAlign":49},[683],{"text":684,"type":582},"They fell by 19% in March from a month earlier to an average of RMB 11,000/tonne ($1,599), according to Benchmark, the lowest price since 2020.","Prices for high energy synthetic graphite anodes have fallen by 8% this year, making them more competitive against natural graphite products, and helping to further lower battery cell costs for automakers. Continued investment into production capacity, falling feedstock costs, and a 59% fall in graphitisation tolling fees since last summer has all hit prices for […]",[687],{"slug":565,"name":566,"content":688},{"job_title":568,"image":689,"bio":571,"linkedin":572},{"filename":570},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"00695fc5-acae-45b3-8b0e-4524bab63b78\", \"id\": \"\"}-->","article",[693,695],{"slug":694,"name":263},"anode",{"slug":696,"name":697},"batteries","Batteries","private",{"id":49,"alt":700,"name":700,"focus":700,"title":700,"source":700,"filename":701,"copyright":700,"fieldtype":702,"meta_data":703,"is_external_url":51},"","https://a.storyblok.com/f/287943243085208/b3e65efb38/bm-battery-anode-picture.jpg","asset",{"alt":700,"title":700,"source":700,"copyright":700},"Mar 23, 2023","23rd March 2023",[],[],1792773917500]