New investments in the United States and Europe aim to challenge China’s stranglehold on a key ingredient used in most electric vehicle batteries.
The focus is shifting to a new front: Synthetic graphite, an element developed in the late 19th century, but only redirected toward EVs in the past decade.batteryEach EV on average needs 50-100 kg of graphite in its battery pack for the anodes, the negative electrodes of a battery, about twice the amount of lithium.
The introduction of synthetic graphite in the battery supply chain “is mature and commercially successful in China,” said analyst Victoria Hugill of UK-based researcher Rho Motion. "It’s easier to set up a synthetic graphite production facility than it is to commission new mining sites for natural graphite” because producers can take advantage of incentives in last year's U.S. Inflation Reduction Act to build synthetic graphite capacity in the U.S. or Free Trade Agreement partners, she said. And new facilities don’t need to be located near a graphite mine, she said.
90% lower than that of Chinese graphite refiners, according to Hans Erik Vatne, a former Hydro executive, now interim chairman of Vianode. The growing need for clean, consistent battery material “is one of the main drivers for synthetic graphite,” according to battery expert Bob Galyen, founder of Galyen Energy and former chief technology officer of China’s CATL , the world’s largest EV battery maker.
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