Skip to content

Chinese Graphite Dominance Threatens Electric Car Ambitions

[Image © Flickr]

It seems that Rare Earths aren’t the only minerals for which China seems to have the world over a barrel in their global supply. Germany’s DW reports that supplies of graphite, used in batteries and especially for electric cars, is in short supply, due to power shortages in China.

A rise in demand for electric cars is boosting demand for graphite, a key battery component. As battery and car makers try to secure supplies, China’s domination of the graphite market has become a problem.

“Graphite flake prices in China stood at $760 per ton in early February, up by 11.8% from January and up by 38.2% from a year ago, according to Rystad Energy’s monthly price index.”

dw.com

READ THE FULL ARTICLE

Published: 14 March 2022

From Breaking Views

Share This

Leave a Reply

Your email address will not be published.