Graphite Mining Market by Reserves and Production, Assets and Projects, Demand Drivers, Key Players and Forecast to 2026
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Graphite Mining Market Overview
The global graphite production was estimated at 1,202.6 thousand tonnes (kt) in 2022 and is expected to grow at a CAGR of more than 4% from 2023 to 2026. The increased graphite production will be supported mainly by the increased output from Mozambique, Madagascar and Brazil due to the commencement of Montepuez Central Graphite project (50ktpa) in Mozambique, Molo Graphite project (17ktpa) in Madagascar and Santa Cruz Graphite project (25ktpa) in Brazil.
In terms of reserves, the global natural graphite reserves stood at 330 million tonnes (Mt) as of January 2023. Of this, Turkey, China, Brazil, Madagascar, and Mozambique were the top five countries, accounting for a collective 267Mt. Of the remainder, Tanzania and India accounted for a collective 63Mt of natural graphite reserves.
The graphite mining market research report contains an overview of the global graphite mining industry including key demand-driving factors affecting the industry. It provides detailed information on reserves, reserves by country, production, production by country, production by the company, major operating mines, competitive landscape, and major exploration and development projects.
Graphite Mining Market Outlook, 2022-2026 (kt)
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Graphite Mining Market Drivers
The graphite industry is expected to experience significant growth in the upcoming years, as the booming electric vehicle (EV) market is expected to substantially increase demand for graphite. Production of battery EVs grew by 70% in 2022 compared with the previous year, reaching 7.8 million units. This growth is impressive considering the general declines in vehicle sales and production due to COVID-19 and the associated chip shortage. The single largest BEV manufacturer in 2022 was Tesla, with 1.4 million units of production.
Batteries account for 30% to 40% of the value of EVs. China is the largest producers of EV batteries made from lithium, cobalt as well as graphite. Six battery manufacturers will dominate the market in the mid-term—CATL, BYD, LG Energy Solution, Panasonic, Samsung SDI, and SK Innovation. They control nearly 90% of global production and are forming close ties with the largest auto companies which are becoming progressively more vertically integrated structurally. They already have long-established ties with major consumer electronics companies, led by Apple, which have driven the battery industry until now.
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Graphite Mining Market Segmentation by Countries
The leading countries in the graphite mining market in terms of production are China, Mozambique, Brazil, Madagascar, and Canada. China was the largest natural graphite-producing country in the world in 2022, followed by Mozambique, Brazil, Madagascar, and Canada. Around 24% of the graphite produced in China was amorphous graphite and the remaining 76% was flake graphite, which is used in EV batteries.
Graphite Mining Market Analysis by Countries, 2022 (%)
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Graphite Mining Market – Key Assets
Active Mines – Some of the key active graphite mines are Balama Graphite Project, Pedra azul Mine, Itapecerica Mine, Gandabahali & Kirkita Graphite Mine, Traelen Mine, Gandabahali Mine, and Loharano Project among others.
Development Projects – Some of the key graphite development projects are Mahenge Project, Bunyu Graphite Project, Mount Dromedary Project, Siviour Project, Montepuez Central Graphite Project, Nachu Project, and Balama Central Graphite Project among others.
Exploration Projects – Some of the key graphite exploration projects are Erongo Project, Lac Tetepisca Project, Arno Graphite Project, Cobra Plains Project, Jalkunen Project, and Burke Graphite Project among others.
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Graphite Mining Market – Competitive Landscape
Some of the leading graphite producing companies are Syrah Resources Ltd, T.P. Minerals Pvt Ltd, and Nacional de Graphite.
Syrah Resources Ltd: Syrah Resources Ltd is an Australian-based industrial minerals and technology company. The company is engaged in operation, exploration and development of graphite and vanadium minerals. The company produces high purity graphite and supplies it to industrial graphite and technology markets. In addition, it conducts product certification test work with various battery producers for the use of its spherical graphite in the anode of lithium-ion batteries. In 2022, the company produced 163kt of natural graphite, a substantial increase of 126.4% over the previous year. This was primarily due to ramp up of production at the Balama graphite mine.
T.P. Minerals Pvt Ltd: T.P. Minerals Pvt Ltd is an Indian-based manufacturer of non-metallic mineral products including graphite.
Nacional de Graphite: Nacional de Graphite is a Brazilian company, specialised in mining and processing high-quality natural crystalline graphite. The company processes the ore through its three plants, all located in the state of Minas Gerais, Brazil and generates around 70kt of graphite annually. The company has a modern research and development center, that is operated by a team of highly qualified professionals, where new products and processes are developed, in accordance with market demands.
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Graphite Mining Market Overview
|Market Size in terms of Volume (2022)||1,202.6 thousand tonnes (kt)|
|Key Countries||China, Mozambique, Brazil, Madagascar and Canada|
|Active Mines||Balama Graphite Project, Pedra azul Mine, Itapecerica Mine, Gandabahali & Kirkita Graphite Mine, Traelen Mine, Gandabahali Mine, and Loharano Project|
|Exploration Projects||Mahenge Project, Bunyu Graphite Project, Mount Dromedary Project, Siviour Project, Montepuez Central Graphite Project, Nachu Project, and Balama Central Graphite Project|
|Development Projects||Erongo Project, Lac Tetepisca Project, Arno Graphite Project, Cobra Plains Project, Jalkunen Project, and Burke Graphite Project|
|Leading Producers||Syrah Resources Ltd, T.P. Minerals Pvt Ltd, and Nacional de Graphite|
The report contains an overview of the global graphite mining industry including key demand driving factors affecting the global graphite mining industry. It provides detailed information on reserves, reserves by country, production, production by country, production by company, major operating mines, competitive landscape, major exploration and development projects.
Reasons to Buy
- To gain an understanding of the global graphite mining industry, relevant driving factors
- To understand historical and forecast trend on global graphite production
- To identify key players in the global graphite mining industry
- To identify major active, exploration and development projects by region
T.P. Minerals Pvt Ltd
Nacional de Grafite Ltda
Table of Contents
- 1 Executive Summary
- 2 Reserves, Production and Prices
- 2.1 Natural Graphite Reserves by Country
- 2.1.1 Classification of graphite
- 2.2 Natural Graphite Production
- 2.2.1 Production by country
- 2.2.2 China
- 2.2.3 Mozambique
- 2.1 Natural Graphite Reserves by Country
- 3 Graphite Assets
- 3.1 Active Mines
- 3.2 Development Projects
- 3.3 Exploration Projects
- 4 Demand and Trade
- 4.1 Global Natural Graphite Trade
- 4.2 Global Graphite Demand
- 4.3 Electric Vehicle Production
- 4.4 Global Battery Demand and Technology Update
- 5 Major Graphite Producers
- 5.1 Syrah Resources Ltd
- 5.2 T.P. Minerals Pvt Ltd
- 5.3 Nacional de Grafite Ltda
- 6 Appendix
- 6.1 Abbreviations
- 6.2 Methodology
- 6.3 Coverage
- 6.4 Secondary Research
- 6.5 Development Likelihood
Frequently asked questions
What was the graphite mining market size in 2022?
The graphite mining market size in terms of production volume was 1,202.6 thousand tonnes (kt)in 2022.
What is the graphite mining market growth rate?
The graphite production is expected to increase at a CAGR of more than 4% from 2023 to 2026.
Which are the leading countries in terms of graphite production?
The leading countries in terms of graphite production are China, Mozambique, Brazil, Madagascar, and Canada.
Which are the key active mines in the graphite mining market?
Some of the key active mines in the graphite mining market are Balama Graphite Project, Pedra azul Mine, Itapecerica Mine, Gandabahali & Kirkita Graphite Mine, Traelen Mine, Gandabahali Mine, and Loharano Project among others.
Who are the leading producers in the graphite mining market?
Some of the leading graphite producers are Syrah Resources Ltd, T.P. Minerals Pvt Ltd, and Nacional de Graphite.
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