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Sunday, 10/30/2022 2:04:42 AM

Sunday, October 30, 2022 2:04:42 AM

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Experts warn that supply of a key component in electric vehicles is hurtling towards a tipping point when global demand will outstrip supply — a moment that could come as early as this year.

Graphite is one of the primary components that make up the anodes in a lithium ion battery, yet the state of its supply has gone largely unnoticed for years, even as demand for battery-grade minerals continues to rise with electric vehicle sales reaching record levels.

“Graphite has kind of been the poor cousin of the battery minerals and doesn’t get the attention of the other commodities,” said Gregory Bowes, executive chairman of the Northern Graphite Corporation. “But we’re getting very close to an inflection point where demand overtakes supply and this is going to be first page news.”