The demand for graphite for steel making is expected to plateau as China’s industrialisation phase of development comes to an end and the Chinese economy moves into its next phase of economic development.
Global policy, sales momentum and industry investment continue to build for the electric vehicle market. As a result, the lithium-ion battery market size is expected to grow to 500GWh in 2025, from 60GWh in 2015 and the impact on flake graphite will be significant.
There are no pricing indexes for graphite. Pricing is bespoke and negotiated bilaterally. Flake prices are determined based on a range of value in use variables such as graphite content, flake size and impurity levels with higher purity graphite commanding a premium.