Given the frequency of its attention this year, it’s fair to say that 2012 was the year of graphite. Much of its attraction comes from the increasingly high-tech demand in applications such as Li-ion batteries, fuel cells, vanadium-redox batteries, pebble bed reactors and graphene, just to name a few.
Highlights from market news:
– Global market demands 2.5 million tonnes and that amount is growing
– High purity graphite; often synthetic graphite accounts for 1.5 million tonnes annually. Synthetic graphite tops natural graphite by a rough margin of $13 billion to $2 billion
– This discovery for Zenyatta Ventures (ZEN:CA) will allow the company to compete against synthetic supplies. First test yielded 97.2% purity, less than 1% of the worlds graphite output comes from this type of deposit