Graphite is a key component of lithium-ion batteries (LiB) used in electric vehicles and energy storage, both rapidly growing markets. Balama’s high quality product mix and product specifications are suited for use in these markets.
Approximately 25% of the total cost of an electric vehicle is the raw materials for the lithium-ion battery. Within the lithium-ion battery, graphite is the major material used for the anode and is used across all common battery chemistries at greater mass per kWh than cathode raw materials such as lithium, cobalt or nickel.
Driven by growth in electric vehicle and energy storage markets, demand for critical battery raw materials is expected to grow significantly over the next ten years.