New investments in the United States and Europe are aiming to challenge China s dominance in the graphite market, a key ingredient in electric vehicle (EV) batteries. Synthetic graphite, which could make up two-thirds of the EV battery anode market by 2025, is growing rapidly. However, Chinese companies already have a strong presence in the market, refining over 90% of the world s natural graphite.
Synthetic Graphite EV Batteries: While Chinese producers control a significant share of the small, but growing synthetic graphite market, newcomers such as U.S.-based Anovion, Novonix, and Norway s Vianode are being driven by two factors, said Hugill.
Graphene Manufacturing Group Ltd (TSX-V:GMG, OTC:GMGMF) CEO Craig Nicol chats with Proactive soon after the clean technology company bolstered its technical.