USA Graphite Shares US Geological Survey Report on Graphite

USA Graphite Inc. (OTCQB:USGT) shared with shareholders the 2012 USGS report on graphite which shows increases in domestic consumption and prices paid for the commodity.

As quoted in the press release:

The USGS report, released earlier this week, reports “Although natural graphite was not produced in the United States in 2011, approximately 90 U.S. firms, primarily in the Northeastern and Great Lakes regions, used it for a wide variety of applications. The major uses of natural graphite in 2011 were estimated to be refractory applications and crucibles combined, 33%; foundry operations and steelmaking combined, 26%; brake linings, 7%; batteries and lubricants combined, 5%; and other applications, 29%.

Click here to read the full USA Graphite Inc. (OTCQB:USGT) press release.