Graphite isn’t just used for pencils — it’s also a key electric vehicle (EV) battery component due to its high conductivity and quick-charging capacity. As EV sales rise, experts believe this battery metal will also take flight.
With the graphite forecast looking hopeful, investors are searching for ways to get exposure to the sector. Australian investors can look to the ASX, which is home to a slew of companies focused on the graphite market.
Market cap: AU$403.35 million; share price: AU$0.705
Sovereign Metals is focused on advancing on its Kasiya rutile-graphite project in Malawi. Rutile is a mineral consisting of titanium dioxide that’s often used to produce titanium metal. Kasiya’s graphite co-product mineral resource estimate is 1.8 billion tonnes at 1.4 percent graphite, containing over 24.4 million tonnes of graphite. The company believes this material has the potential to be used to supply spherical purified graphite for the lithium-ion battery anode market.
Market cap: AU$331.17 million; share price: AU$0.31
Syrah Resources is an industrial minerals and technology company with a vision of becoming a leading global supplier of graphite and battery anode products. Its two main focuses are its flagship Balama graphite project in Mozambique and its Vidalia anode materials facility in Louisiana, US.
Syrah’s Balama operation has a projected lifespan of over 50 years, and its combined mining and processing operations allow for the production of 94 to 98 percent pure carbon graphite concentrate.
Market cap: AU$228.73 million; share price: AU$0.09
Renascor Resources has honed its efforts on helping to power the future with clean energy resources. While the company has five projects, most of its activities are focused on its two fully owned projects in South Australia: the Siviour battery anode materials project and the Carnding gold project.
Renascor says it’s on track for planned commissioning of the demonstration processing plant in Q2 2025. The plant will produce battery-grade purified spherical graphite.
Market cap: AU$214.56 million; share price: AU$0.55
Talga Group is a vertically integrated battery anode and materials company, meaning it mines its own graphite and also produces anodes. It has operations in Sweden, Japan, Australia, Germany and the UK.
Market cap: AU$163.87 million; share price: AU$0.52
Quantum Graphite is advancing the Uley 2 flake graphite project in South Australia, which includes the past-producing Uley mine and the Mikkira deposit. The company bills it as “one of the largest high-grade natural flake deposits in the world.”
Graphite is a naturally occurring form of the mineral carbon and is composed of many layers of graphene. The other naturally occurring form of carbon is diamonds, although the two minerals look entirely different due to their molecular structure. Graphite is fragile, but it has a very high heat resistance.
Article by Melissa Pistilli; FAQs by Lauren Kelly.
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.
Leave a Reply