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Supply Critical Graphite Creating a Sizable Investment Opportunity
The global community must have access to graphite supply outside of China. At the moment, China controls 70% to 80% of the world’s graphite supply, according to Northern Graphite. China also makes almost 100% of the graphite anode material critical for lithium batteries and electric vehicles. To secure supply outside of the region, the U.S. and the European Union have named graphite a supply critical material. The USGS for example includes graphite on its list of 35 minerals and metals considered critical to the United States.
After all, graphite production needs to more than double over the next five years, according to Northern Graphite, to meet the demands of lithium ion batteries and auto companies. Graphite is a key component of the green economy, for use in lithium ion batteries, fuel cells, grid storage, and many other key technologies.
(Updated 2/16/2021)
With the arrival of a new US presidential administration, companies are anticipating potential shifts in enforcement priorities by the US Environmental Protection Agency (EPA) in the areas of climate change, the National Environmental Policy Act (NEPA), and emerging contaminants and chemical safety. In several areas, there is likely to be a rollback of the rollbacks of environmental rules implemented by the former administration, as well as an increased emphasis on environmental justice.
CLIMATE CHANGE
Climate change is a top priority for the Biden administration. Any new rules proposed by EPA will be tied up in litigation for years. However, there are numerous executive and administrative actions the administration could take to advance the president’s climate-change agenda, and several have already been enacted since Inauguration Day.