Investments Ramp Up for Graphite Mining Outside China

NEW DELHI--April 30, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--For decades, graphite has been an indispensable element in a wide range of industries, with its applications spanning from steel production to electronics. However, in recent years, graphite has become vital in the clean energy transition, earning recognition as a critical material by the U.S. Department of Energy in 2023, further amplifying its significance in addressing climate change goals.

Industrial Info is tracking about 120 active graphite-mining projects, with spending worth more than US$9 billion. About 78% of the total spending is geared at grassroot projects, while plant expansions account for 16%.