Critical minerals, News

Australia poised to capitalise on US graphite demand

The US has been dubbed one of the world’s fastest growing battery markets, but expects to import the graphite it needs.

The US has been dubbed one of the world’s fastest growing battery markets, but expects to import most of the natural graphite it needs for battery production; International Graphite (IG6) is aiming to be on that preferred list of suppliers.

IG6 managing director Andrew Worland and chairman Phil Hearse recently travelled to Washington DC to attend the 10th annual SelectUSA Investment Summit and wave the flag for Australian graphite.

“For a development like ours it is incredibly heartening to hear so many US officials namecheck Australia as a supplier of choice for critical minerals,” Worland said.

“We’ve witnessed a seismic policy shift in the US where geopolitical considerations and the need to secure supply chains have markedly changed the investment landscape and customer demands in a way which will benefit Australian producers.”

As well as being used in battery production, graphite can also be found in pencils, polishes, electric motor brushes and nuclear reactor cores. It is also an important part of steelmaking.

IG6 is progressing a handful of graphite projects, most notably the Springdale graphite project and the Collie downstream processing operation in Western Australia.

Springdale is the second largest graphite deposit in Australia and one of the top 15 in the world. It has an estimated 49.3 million tonnes of graphite content.

Collie is a multi-faceted downstream processing operation that incorporates research and development facilities to meet global demand for graphite products.

“The vertically integrated Springdale–Collie ‘mine to market’ graphite business we are building from Western Australia fits perfectly with the US desire to reduce its reliance on China and secure trusted, reliable sources of graphite,” Worland said.

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