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Wednesday, 04/05/2017 6:52:21 AM

Wednesday, April 05, 2017 6:52:21 AM

Post# of 654
Benchmark Minerals: Graphite trends to watch (Li-Ion Batteries)

http://benchmarkminerals.com/downloads/Rawmaterialimpactoflithium%20ionbatterysurge-BenchmarkMineralIntelligence.pdf


• 5 year growth trajectory: 13-16% a year

• Natural graphite anodes to increase market share over synthetic
• Supply issue, improving quality, lower cost
• Synthetic will operate in a high quality niche
• CO2 footprint becoming a consideration

• Coated Spherical Graphite to become cheaper
• From $12-16/kg today to sub $8kg

• Silicon to not be a major substitution factor medium term
• 3-6% additive to improve capacity