Graphite, among others, is an integral component of electric vehicle (EV) batteries and with a surge in EV sales which is forecasted to reach 23 million in 2030 as communicated by UNCTAD in July 2020, the demand for Graphite is anticipated reach unprecedented heights.
Graphite is also known for providing adequate energy density for several portable power applications and is acknowledged for being a reliable material.
Further lithium-ion batteries are integral to global military operations, thus making it another factor that is expected to augment the growth of the global graphite market.
The text above is a summary, Originally published at visit here.
