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Battery graphite demand to rise 15X by 2030, says BMI

Skyrocketing electric vehicle (EV) sales will boost battery-related graphite demand by a factor of 15 by the end of the decade, sparking a chronic shortage of fine grade material, Benchmark Mineral Intelligence (BMI) analyst George Miller said on Monday.

Battery graphite demand to rise 15X by 2030, says BMI Battery graphite demand to rise 15X by 2030, says BMI Battery graphite demand to rise 15X by 2030, says BMI Battery graphite demand to rise 15X by 2030, says BMI Battery graphite demand to rise 15X by 2030, says BMI

Tesla is one of the EV manufacturers that will have to cope with a graphite shortage

Speaking at the first session of BMI's "Benchmark Week 2020" - a series of webinars spanning the breadth of the battery minerals supply chain, Miller said growth in demand for graphite from the