Western EV makers face up to China’s grip on graphite market

China’s dominance of the graphite market could pose problems for western automakers as demand for anode material is set to rise by over seven times this decade.

Automakers will need to diversify their sources of graphite to reduce the risks of relying on one country for a critical battery material, according to Benchmark Mineral Intelligence.

“China has become the central participant in all steps of this anode supply chain,” George Miller, an analyst at Benchmark Mineral Intelligence told Benchmark Week. “It . . .

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