Next Graphite, Inc. (OTCQB:GPNE) provided an outlook on the fast-developing demand for natural flake graphite as well as an outlook regarding the progress of its historically producing Aukam graphite mine in Namibia. Next Graphite plans to update its shareholders on the planned phase two development of the mine in the near term, and intends to be processing medium to large flake size graphite by Q1 of 2015.
As quoted in the press release:
Global Industry Analyst Inc. estimates that carbon and graphite markets will reach $7.5 billion by 2015. Graphite demand is fueled by the automotive industry, iron and steel industries and new and emerging technologies such as those in batteries. Graphite and diamonds are the only two naturally formed polymers of carbon. Unlike diamond, graphite is a conductor of heat and electricity and has the highest natural strength and stiffness of any material. It maintains its strength and stability to temperatures in excess of 3,600°C and is resistant to chemical attack. At the same time it is one of the lightest of all reinforcing agents and has high natural lubricity.