As the electric car revolution ramps up, so does the need for critical minerals used in batteries, such as graphite. According to Benchmark Mineral Intelligence, there will be a global graphite deficit starting in 2022, and demand from the battery sector is expected to rise 30% annually until 2030. The US has no manufacturing plants that can supply automotive-grade graphite at scale. Meanwhile, China controls 84% of the global supply. Electrek spoke with Don Baxter, CEO of Ceylon Graphite, about how graphite is used in EVs, the supply chain issue, and how EV battery manufacturers can successfully source the vital mineral.
Electrek: How is graphite used in battery electric vehicles?
Don Baxter: Processed graphite comprises 95% of the anode (negative electrode) of lithium-ion batteries that power EVs, whereas the cathode (positive electrode) is made up of various materials such as nickel and cobalt.
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