Global graphite short-term outlook November 2022 Report

Commodity Market Report 30 November 2022

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Report summary

Graphite FOB prices remained high in November as rising battery demand continued to drive a tightening market, and as consumers began to increase their purchases ahead of Chinese winter mine closures. Further upwards movement was curtailed by the ramp-up of Syrah’s Balama mine which re-opened in mid-October following several weeks of closure due to an industrial dispute. Prices are expected to rise further in December on annual closures before seeing downward adjustment again in the New Year. Demand for lithium-ion battery anode material is going from strength to strength; plug-in electric vehicle sales in October totalled just below one million units, a 6% seasonal increase on September.

Natural graphite
Natural graphite
Syrah Resources resumes operations at Balama, Mozambique
GrafTech’s Monterrey operations restart
Northern Graphite begins Okanjunde refurbishment
Tirupati reconfiguration nears finish line
International Graphite opens pilot processing plant in Western Australia
DFS forecasts strong returns for Maniry Project
Magnis updates Nachu BFS
Canada Carbon announces update on mineral resource estimates of its Miller Graphite Project