The US currently produces no graphite, and many are wondering if graphite mining in the US will happen. Here’s an overview of the situation.
The establishment of a US graphite-mining industry has enjoyed increased interest in recent years thanks to expected growth in demand for electric vehicles.
China is the top producer of graphite by far, but for various reasons it’s not particularly easy or desirable to invest in companies mining graphite there.
Many investors are instead looking to North America for graphite opportunities, especially since Tesla’s (NASDAQ:TSLA) announcement that it plans to source the lithium, graphite and cobalt it needs for its Nevada-based gigafactory from companies working on the continent. In 2015, Tesla backed up that statement by signing two lithium supply deals with companies whose projects are in North America.
CIMBAR Performance Minerals, Inc. (CPM), a division of United Minerals and Properties, Inc., today announced a price increase for all Cimbar drilling grade
CIMBAR Performance Minerals Inc. (CPM, Chatsworth, Ga., U.S.) a division of United Minerals and Properties Inc., announced on April the completion of its acquisition of the North American Barite and Alumina Trihydrate manufacturing assets and business of TOR Minerals (Corpus Christi, Tex., U.S.), a company that develops high-performance specialty mineral products including fillers, which, when added to resin systems, enhance fire/smoke suppression and other properties.
“With this acquisition complete, CIMBAR has delivered on a key component of our growth strategy,” says Albert Wilson, president and CEO of CPM. “The TOR manufacturing site broadens our portfolio and will further support our primary goal of providing products to our customers from multiple locations, thus offering superior product security, availability and business continuity. I am delighted to officially welcome all of the employees and associates of TOR Minerals to CIMBAR and look forward to the growth