Graphite Price Trend, Chart, News and Forecast 2024
The graphite market is experiencing significant growth driven by the increasing demand for lithium-ion batteries, which extensively use graphite as a crucial component. With the rising adoption of electric vehicles (EVs) and renewable energy storage solutions, the demand for lithium-ion batteries is soaring, thus propelling the demand for graphite. Moreover, the expanding application of graphite in various industries such as electronics, aerospace, and steel production are contributing to market growth.
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