What is the current graphite price?

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The European Union is seeking to boost energy cooperation with African countries to help wean them off dependence on Russian gas imports.

Bloomberg said, recently, according to a draft EU file, African countries, especially in western Africa Nigeria, Senegal and Angola have a large untapped liquefied natural gas (LNG), the European Commission will adopt this file about enhanced external energy supply later this month, as part of plans to reduce dependence on Russian energy.  

Because of the ever-changing international situation, the supply and prices of international bulk graphite price are still very uncertain.

Graphite price have moved higher again over the past month. Fine flake prices have soared.

Graphite Market News - The global graphite market is expected to grow from US$1.64 billion in 2017 to US$2.68 billion by 2025, at a CAGR of 8.5%.

Graphite Company News - Syrah Resources Balama Mine back on track. Tirupati Graphite said that Mozambique granted a mining licence to Balama Central. NextSource Materials adds proprietary anode coating process.

Triton Minerals secures binding offtake agreement for Ancuabe commercial pilot plant. Magnis Energy Technologies New York lithium-ion battery plant is 40% complete. POSCO signs agreement with EcoGraf for battery cathode materials. ZEN Graphene Solutions announces name change to Zentek Ltd.

Welcome to the November edition of Graphite Miner News. November saw further increases in natural graphite prices and some substantial progress, as well as plenty of news from the graphite primary product.

Graphite price news

Over the last 30 days, China Graphite Flake 194 EXW spot prices are up 4.53% and China Flake-195+ EXW is up 2.93%. Note that 94-97% is considered most suitable for use in batteries; this is then increased to 99.9% purity to make "spherical" graphite for lithium ion batteries. Chinese prebaked anode 3% price fell by 2.06%.

Flake, amorphous and spherical graphite prices soar on high costs and strong demand ...... Fine flake graphite prices have risen by 16.67% over the past week, the largest one-week increase in three years.

On Thursday 30 March, Fastmarkets valued graphite electrodes, UHP, FOB China at US$4,250-4,560 per tonne, up US$620-790 (19.05%) since the first valuation of US$3,460-3,940 per tonne on 30 March 19 January 2022.

Similarly, Fastmarkets' FOB China estimate for high-power graphite electrodes on 30 March was US$3,600-3,780 per tonne, up US$610-630 (20.20%) from US$2,990-3,150 per tonne on 19 January.

Graphite electrodes are used in steel production and have been affected by sharp increases in the cost of raw materials. Prices of needle coke and petroleum coke have been rising steadily since the beginning of the year.

According to market sources, in China, the largest producer of synthetic graphite, coke prices have risen by 23.53% and 11.57% per month, respectively, at around 8,000-13,000 yuan ($1,243-2019) per ton and 6,000-7,500 yuan per ton.

In addition to rising raw material prices, the European Commission has also imposed anti-dumping duties on Chinese graphite electrodes, adding to the upward price pressure on European consumers.

Synthetic graphite for lithium-ion battery anodes also faces the same rising raw material costs as graphite electrodes. Furthermore, graphite electrodes and synthetic graphite for anodes can rely on the same graphitization process.

While China's anode market has grown, it has increased competition for these graphitization facilities, and as a result, product supply has tightened considerably, driving up costs and hindering the production of both materials. Those tensions are expected to persist this year even after the worst of China is over.

"Graphitization capacity may become less tight compared to the second half of last year, when China's power crunch was at its peak," a battery producer told Fastmarkets. "But we have to admit that supply is still generally tight across the anode supply chain, be it synthetic feedstock or graphitization."

While raw material prices have risen and graphitization has become more challenging, production in China has also been hampered by preventing the spread of the latest wave of Covid-19 infections.

"In addition to rising raw material prices, downstream consumers are also worried about supply amid the Covid-19 outbreak in China, causing some producers in northern China to disrupt shipments," said a source at the second anode producer.

Soaring costs and tight supplies of raw materials and processing facilities have led to tighter supplies of synthetic anode materials in the fast-growing electric vehicle industry, sources said.

High-quality graphite supplier

Luoyang Moon & Star New Energy Technology Co., LTD, founded on October 17, 2008, is a high-tech enterprise committed to developing, producing, processing, selling, and technical services of lithium-ion battery anode materials. After more than 10 years of development, the company has gradually developed into a diversified product structure with natural graphite, artificial graphite, composite graphite, intermediate phase, and other negative materials (silicon-carbon materials, etc.). The products are widely used in high-end lithium-ion digital power and energy storage batteries.

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New Delhi: India is seeking to increase its purchases of crude oil from Brazil, the country's oil minister said recently after meeting his Brazilian counterpart.  

India is the world's third-largest importer and consumer of crude oil. Brazil currently supplies only a fraction of India's crude oil imports.  

India's state-owned companies Bharat Petroleum Corp and Oil and Natural Gas Corp have invested in oil and gas exploration in Brazil.  

India, which imports about 84% of its crude oil needs, is reducing its import bill by increasing biofuel use, among other things.  

India's state-owned fuel retailers are increasing ethanol storage capacity by 51 percent and the country plans to double the biofuel blend in petrol to 20 percent by 2025.  

India and Brazil are currently cooperating on biofuels and ethanol.

The prices of many commodities like the graphite price are expected to increase in the future.

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