Graphite plays a crucial role in the production of electric vehicle (EV) batteries. It is used in the battery’s anode, which is the electrode through which the current flows into the battery during charging. Here’s how graphite is utilized in EV battery production: 

It’s the primary material used for the anode in lithium-ion batteries, which are commonly used in EVs. The anode is responsible for storing lithium ions during charging. Graphite has unique properties that make it suitable for this purpose. It has a layered structure that allows lithium ions to intercalate or insert between the layers, enabling the storage and release of energy.

Graphite’s properties, such as its high electrical conductivity and ability to intercalate lithium ions, make it an excellent choice for anodes. It allows for efficient charging and discharging of the battery, contributing to the overall performance and energy density of the EV battery.

Demand for Graphite

Source: Mining.com

According to Mining.com, graphite demand for lithium ion batteries is expected to double from 2 million tons today to 4 million tons by 2030. Currently, demand for graphite is outpacing supply.

Graphite Mining Company Spotlight

Syrah Resources, Ltd. (SYAAF)

This Australian company is positioned to be a dominant player in the industry. With a market cap of $411.35 million USD, the company has produced a record amount of 163,000 tons of graphite at its Balama plant in Mozambique. The company also has plans to expand operations in a U.S. plant in the near future.

At $.60 per share, SYAAF is trading near the bottom of its 52-week price range (0.5500 – 1.8200).

Stay tuned to Global Investment Daily as we monitor the Global EV Battery trend.

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Lithium is a critical component in the production of electric vehicle (EV) batteries, and therefore, it is essential for the growth of the EV industry. Lithium is used as a key material in the cathode of the battery, which is the part of the battery that stores and releases energy during the charging and discharging cycles. 

Lithium-ion batteries are the most common type of batteries used in electric vehicles, and they require a significant amount of lithium. In fact, an EV battery typically contains around 10-20 kilograms of lithium. Without lithium, it would not be possible to produce the high-performance, lightweight, and long-lasting batteries needed for EVs. 

Currently, lithium is the most widely used material in EV batteries, and its importance is only expected to grow as the demand for electric vehicles continues to rise. As a result, lithium production has become a critical issue for the EV industry, and there are ongoing efforts to increase the global supply of lithium to meet the growing demand.

General Motors Invests $50 Million in Innovative U.S. Lithium Company

EnergyX is a company that extracts Lithium, refines it and develops cutting-edge battery technologies. With headquarters in San Juan, Puerto Rico and laboratories in Austin, Texas, the company is on the cutting edge supplying next generation lithium battery storage devices to the market.

“Electric vehicles need a lot of Lithium. There’s about 10,000 iPhone batteries that go into one electric vehicle.” said EnergyX founder Teague Egan. “Therefore, the demand curve for Lithium is exorbitant, while the supply is lagging behind. The current methods of production are extremely inefficient, so we decided to re-invent how Lithium is produced.”

Providing a reliable source of Lithium in the Western Hemisphere is a priority for General Motors as it commits to full-scale production of EVs, and EnergyX can potentially become a major supplier. Read news story here(CNBC).

EnergyX is a privately-held company that is exploring a potential IPO in the near future.

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