The increasing production of batteries is one of the most important driving factors in the flake graphite industry. The demand for flake graphite is skyrocketing, owing to its widespread use in the fabrication of electrodes. Because flake graphite has a higher purity than other types of graphite, it makes the downstream process for battery manufacturers more efficient because fewer impurities must be removed. In addition, the large-scale production of electric vehicles across geographies and vehicle types is driving up demand for batteries, which has an indirect impact on the flake graphite market. Flake graphite is also used as a fireproofing filler and as a filler in some anti-corrosion paints.
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