The Critical Metals Report presented an analysis of the future of graphite from Gareth Hatch, founding principal of Technology Metals Research.
As quoted in the market news:
China dominates production in both REEs and graphite, but not to as dominant a scale when it comes to graphite. It’s closer to 70%, rather than the 95% estimated for REEs. However, most of the market is synthetic graphite. That is how demand from a number of applications has been met to date and that is an important factor in the supply-demand equation. That said, so-called large-flake graphite has become particularly attractive for certain applications, such as battery manufacturing. That could increase the demand for natural graphite sources that contain such flake sizes.