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Digital Journal: A Global Digital Media Network

Vancouver, B.C. (PRWEB) October 30, 2013

A global race is happening, led by electric vehicles. Li ion batteries used in hybrid electric vehicles (“HEV”), plug in electric vehicles (“PEV”) and all other electric vehicles are making a surge as the US has set a national target of one million EVs on the road domestically by 2015.

Problem is, will the world be able to provide the materials necessary to meet this goal? While the demand for lithium carbonate for these batteries is growing, the bigger demands will be coming on graphite. Six times the graphite is required compared to lithium in each battery.

Analysts at Canaccord estimated that incremental lithium carbonate demand from Li ion batteries will reach 286,000 tonnes by 2020. Now multiply that by six, and you’ll get a better idea of the graphite needed.

Currently most of the world’s graphite supply comes from China. However, a pullback on exports from the country, and a steady decline in the number of Chinese graphite mines has put the world on notice that the graphite is going to need to come from elsewhere.

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