Commodity Market Report
Global graphite market strategic planning outlook update - Q2 2024
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Report summary
The main story for graphite continues to be the transition to electric vehicles globally, which will impact natural and synthetic graphite, as well as upstream raw materials (flake and spherical graphite, and needle coke) and other end uses (electrodes). Despite a recent slow down in EV markets, long-term growth forecasts remain strong, promising rising consumption of natural and synthetic graphite. China's prominent position in the anode and battery markets means that the country's preference for synthetic graphite anode materials will hold true on a global scale, but natural graphite will continue to play an important role, particularly in ex-China batteries.
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