The key to the momentous global energy transition is what Goldman Sachs calls the “great battery race”, and while attention has been absorbed by lithium, one critical mineral in the battery mix is possibly the most lucrative back door entrance into this race. The mineral is graphite, and it is the key element that forms the anode of the lithium batteries. Without it, there will be no energy revolution and the trillion-dollar EV market might not exist. In 2019, the global graphite market was valued at $14.9 billion. By 2027, it’s expected to be valued at nearly $22 billion . It might be worth much more than that, though. Each EV battery contains 20-30% graphite, which means that graphite demand will soar in tandem with EV demand. And at the same time, both China and the US are now struggling with a graphite squeeze. While EV giants have been […]