EV Companies Seeing Graphite Supply Problem

May 9, 2021May 9, 2021 Raza CYL, CYLYF, GM, GPH, GPHOF, graphite supply, LLG, MGPHF, TSLA

There’s a strong path ahead for electric vehicles from companies like Tesla (NASDAQ:TSLA) and General Motors (NYSE:GM).

In fact, with demand showing no signs of slowing, it’s increasing the need for high-quality metals, like graphite from companies such as Ceylon Graphite (TSXV:CYL)(OTC:CYLYF), Graphite One Inc. (TSXV:GPH)(OTC:GPHOF), and Mason Graphite Inc. (TSXV:LLG)(OTC:MGPHF). After all, graphite is an essential material used for producing the anode of lithium-ion batteries using in electric vehicles and energy storage.

By 2030, the world could see approx. 125 million EVs on the road, which means we’ll need a good deal of graphite, according to Mining News North. Unfortunately, there’s a supply problem. One so severe, the USGS includes graphite on its list of 35 minerals and metals considered critical to the United States.