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SaltWire's Atlantic regional weather forecast for October 20, 2023 | SaltWire - China's move on Friday to curb exports of graphite, a key electric vehicle battery material, will only accelerate efforts to develop alternative sources and materials, but that will take time, industry executives and analysts said.
Graphex plans to open a graphite processing facility in Warren, Michigan, by the end of 2024 to supply U.S. automakers with at least 10,000 metric tons per year of the key metal. Synthetic graphite could account for nearly two-thirds of the EV battery anode market by 2025, Benchmark Mineral Intelligence estimates.
"Are we as consumers willing to pay more to have that sustainable materials in our batteries?" he said in August."That's really what we need to hope for because we need a higher price because the capex of building such a plant with this advanced technology is higher."Another anode ingredient is silicon, which enables an EV to drive longer distances before recharging.
"This is our time to wake up and say, okay we need to start working on the next generation of battery and of materials," he added.
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