The electric vehicle market shows no signs of slowing and has created further demand for metals like graphite. Graphite is essential for producing the anode of lithium-ion batteries used in electric vehicles and energy storage (8). According to CNBC, the world could see about 125 million EVs on the road by 2030, suggesting we need enormous graphite (4). Graphite is the “new oil.” The decarbonization of the energy storage and transportation sectors is quickly gaining momentum worldwide (5). According to the World Bank, graphite output needs to increase by roughly 500% by 2050 to meet the demand of the battery metals market (6).
Considering the demand for Graphite, Graphite One (TSXV:GPH) (OTC:GPHOF) is a small-cap company that warrants attention. Graphite One is a graphite company in the midst of developing its Graphite One Project. This project could help the company evolve into a major American producer of high-grade Coated Spherical Graphite (CSG) integrated with a domestic graphite resource. The Graphite One Project is proposed as a vertically integrated enterprise to mine, process, and manufacture high-grade CSG. Primarily, it would be used for the lithium‐ion electric vehicle battery market. As outlined in Graphite One’s Preliminary Economic Assessment, potential graphite mineralization mined from its Graphite Creek Property is expected to be processed into concentrate at a graphite processing plant. The proposed processing plant would be located on the Graphite Creek Property situated on the Seward Peninsula about 60 kilometers north of Nome, Alaska.
Sources: Title source a) https://www.graphiteoneinc.com/news/news-display/index.php?content_id=333. Source 2: https://www.marketsandmarkets.com/Market-Reports/graphite-market-120270209.html. Source 4: https://www.cnbc.com/2018/05/30/electric-vehicles-will-grow-from-3-million-to-125-million-by-2030-iea.html. Source 5: https://www.linkedin.com/pulse/graphite-new-oil-andrew-thake. Source 6: https://www.oilandgas360.com/graphite-supply-needs-to-increase-nearly-500-percent-by-2050/. Source 8: https://www.baystreet.ca/stockstowatch/9773/The-Electric-Vehicle-Market-is-Running-Short-of-these-Essential-Metals
Please make sure to read and completely understand our disclaimer at https://www.wallstreetpr.com/disclaimer. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any content posted on our website is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. WallStreetPR strongly recommends you consult a licensed or registered professional before making any investment decision. Neither WallStreetPR.com nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor (IA), or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. WallStreetPR often gets compensated for advertisement services that are disclosed on our disclaimer located at WallStreetPR.com/Disclaimer.