Graphite shortage grows in China
The closure of synthetic graphite capacity because of power shortages and enhanced environmental regulation is starting to have an impact on the graphite supply/demand balance. In widely reported comments early in December, CATL (SHE:300750) reportedly said that it is “desperate” to secure a supply of graphite as 2021’s graphite supply surplus looks very ready to change into a deficit in 2022. BMR’s graphite model suggests that flake demand will grow 20% in 2022 with anode demand set to rise 35%. While concentrate supply has growth potential there is very little possibility that supply will keep up anywhere close to that...