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Africa might overtake China because the world’s largest producer of pure graphite for lithium ion batteries as quickly as 2026, in accordance to Benchmark Mineral Intelligence, in an indication of the continent’s rising significance to the electrical automobile provide chain.
Benchmark forecasts Africa to extend its share of world graphite manufacturing from 15% in 2021 to 40% in 2026. In distinction, China is about to fall from 68% to 35%, based on Benchmark’s Flake Graphite Forecast.
The elevated provide from Africa might assist diversify international battery provide chains, if processing capability is constructed exterior of China.
Graphite mine in Madagascar. Benchmark
China is at present the biggest refiner of battery minerals corresponding to lithium, cobalt and graphite—dominance that isn’t prone to finish this decade, Benchmark forecasts.
Benchmark information exhibits that China at present has 81% of the world’s cathode manufacturing capability, 91% of the world’s anode capability and 79% of the world’s lithium-ion battery capability.
In distinction, the US at present has 0.16% of the worldwide cathode manufacturing capability, 0.27% of the world’s anode capability and 5.5% of the world’s lithium-ion battery capability.
China additionally dominates international lithium refining and processing. The US and Canada at present refine solely 3% and three.5% of the world’s lithium and cobalt and in comparison with 59% and 75% for China, based on Benchmark’s Lithium Forecast. By 2030 the US and Canada will contribute about 7% and China 46%.
New lithium mines are set to be developed within the US, however their provide will probably be restricted. In response to the Benchmark Lithium Forecast, lithium chemical provide from North America is about to extend to almost 60,000 tonnes LCE in 2025, underlining nearly a four-fold improve on 2022 provide. Nevertheless, that’s sufficient for under round 1 million electrical automobiles.
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