Graphite

Critical Mineral for Energy, Industrial, Military

While Graphite demand is broadly being driven by Li-ion batteries, large flake markets are higher value and margin and cannot be substituted with synthetic (60% of the Mahenge Graphite Project’s potential volume).

Graphite markets graphic - Graphite shapes 1% | Recarburising 2% | Lubricants 3% | Friction materials 3% | Other 7% | Castings 8% | Refractories 24% | Batteries 52%

Price increases with flake size

Small Flake >> Large Flake >> Jumbo Flake

Small Flake (Fines)

Lithium-Ion Batteries

Paint & Coatings

Lubricants

Pencils

Large Flake

Flame Retardants

Refractories

Aviation

Lithium-Ion

Batteries Graphene

Jumbo Flake

Flame Retardants

Gaskets & Seals

Expandable Graphite

Fuel Cells

Graphene