U.S. demand for graphite renews amid battery boom

Core Viewpoint - The demand for graphite is increasing significantly due to its essential role in lithium-ion batteries and concerns over supply chain reliability, particularly in light of trade tensions with China [2][4]. Industry Overview - Graphite mining in the U.S. has largely ceased since the 1950s, but the current geopolitical climate is prompting a resurgence in domestic mining efforts [1][10]. - The U.S. government has recognized graphite as a critical mineral, emphasizing the need for a stable domestic supply chain [6][9]. Company Developments - Titan Mining Corp. is actively mining graphite in northern New York, with plans for commercial sales by 2028, aiming to meet a significant portion of U.S. graphite needs [3][14]. - Titan's New York deposit is expected to produce approximately 40,000 metric tonnes (44,092 tons) of graphite concentrate annually, which could fulfill about half of the current U.S. demand for natural graphite [14]. Market Dynamics - The global demand for graphite is projected to continue rising over the next decade, driven by the battery industry, which utilizes both natural and synthetic graphite [7]. - Concerns over China's dominance in graphite supply have led U.S. policymakers to seek diversification of sources and support domestic production through initiatives like tax credits and fast-tracked permitting [8][9][13]. Active Projects - Currently, there are five active graphite mining projects in the U.S., including Titan's operation in New York and others in Alabama, Montana, and Alaska [11][12]. - The U.S. Export-Import Bank is considering significant financial support for the construction of graphite mining facilities, indicating strong governmental backing for the industry [13].