Graphite, a battery ingredient Canada is racing to make at home
BNN Bloomberg
Even if Canada mines lithium and builds battery plants, electrical vehicles still need a lot of graphite for the anode, and most battery-grade processing is concentrated in China which refines 90 per cent of the world’s supply.
Even if Canada mines lithium and builds battery plants, electrical vehicles still need a lot of graphite for the anode, and most battery-grade processing is concentrated in China which refines 90 per cent of the world’s supply.
Now, there is a concrete Canadian move to bring the refining process at home.
Canadian mineral exploration company Nouveau Monde Graphite is backed by government funding and has supply deals with major buyers.
“We cannot just once again repeat the model that’s been used in the past, where we extract the resource, send it elsewhere to be refined and then purchase it back,” said Julie Paquet, a spokesperson for Nouveau Monde Graphite (NMG).
Last month, the company secured a binding offtake agreement and a US$25 million investment from Panasonic Energy to support its Phase-2 Matawinie Mine and Battery Material Plant in Bécancour, Que.
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